Binh Dinh – Potential and Investment Opportunities

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Binh Dinh is a coastal province of the Southern Central Viet Nam; the north borders Quang Ngai Province, the south borders Phu Yen Province, the west borders Gia Lai Province, and the east borders the Eastern Sea; 1,065 km away from Ha Noi Capital, 686 km from Ho Chi Minh City, 300 km from Da Nang City, 300 km from Bo Y international border gate (bordering Laos).

Binh Dinh has a total natural area of 6,025 km2and a population of about 1.6 million people. Regarding the administrative structure, Binh Dinh includes Quy Nhon City, An Nhon Town, and 9 districts, three of which are mountainous ones. Quy Nhon City is the first-graded one with an area of 284.28 kmand a population of 260,000 people.

Binh Dinh has a tropical monsoon climate, with an average temperature of 270C and with an average humidity of 80%. The average hour of sunshine is above 2,000; the average rainfall is about 2,000 mm, very suitable for agricultural, industrial and tourism development.

In the past years, Binh Dinh Province actively promotes its internal effect and attracts external resources in order to enhance socio-economic development and increase the local people’s living standard. The province’s motto to call for cooperation and investment is to take one step forward to prepare socio-economic infrastructure and administrative reform.

Binh Dinh advantages

1. Strategic location

Binh Dinh – one of the five provinces of the Key Economic Zone in the central Viet Nam – is located in the middle of the south – north axis with 3 routes including by road, rail and air; the nearest and most favorable gate to the sea of the Highlands, Southern Provinces of Laos, and Northern East of Cambodia, and Thailand through Quy Nhon international seaport and the National Highway 19. With this geological location, Binh Dinh has such remarkable advantages for the connection and economic exchanges in the region and in the world.

2. Synchronized Infrastructure

Binh Dinh has such synchronized transport systems including the road, the national rail, international seaport and the air. It takes only one hour to Ho Chi Minh City and two hours to Ha Noi Capital from Quy Nhon City by air.

Electricity and water supplies and post and telecommunications, finance, banking, education and training facilities and healthcare centers meet the requirements of the local people and enterprises.

The infrastructure for entertainment has been continuously invested and upgraded.

3. Natural resources and plentiful potential

Beside the 134 km of coastlines with many beaches, maritime landscapes, and fishery resources, Binh Dinh remains such mineral types as granite, sand, kaolin, cray, mineral water, gold, and so on.

Binh Dinh – a martial arts land – is rich in humanity tradition with many cultural and historical vestiges with the name of the hero Quang Trung – Nguyen Hue, Tay Son Movement, and many national cultural celebrities.

Binh Dinh used to be the Cham Kingdom with a well-known Do Ban citadel relic, 14 Cham towers with unique architectural style.

Binh Dinh is the homeland of folk songs such as “Tuong”, Bai Choi folk art, traditional trade villages, specialities with excellent cuisine styles and annual festivals.

With a population of about 1.6 million of which the number of working-age people is over 50%, both hardworking and creative, Binh Dinh can provide a number of plentiful human resources.

4. Active economic development, stable political security

In recent years, Binh Dinh economy has continuously further developed with the growth of average GDP 12%. At the same time, political security and social order are stable, a fundamental condition for attracting investment and tourism. The major occupations are wooden processing, forestry, agriculture, mineral, aquaculture, in which Binh Dinh wood furniture has its own brand in international markets.

5. Innovation planning and enthusiastic investment calling

12,000 –hectare Nhon Hoi Economic Zone has been constructed and developed. It is located close to Quy Nhon city, with large-scaled projects and the province is calling for the investment cooperation of both national and international enterprises, with a determination of transforming the potential into actual resources of socio-economic development.

Established in June 2005, Nhon Hoi Economic Zone was constructed and developed into a general multi-sectoral one, with particularly operational scale, including non-tariff zone, industrial zone, seaport zone and port services.