Binh Dinh province is implementing a direct hotline and a special task force led by the provincial chairman to promptly address investor concerns.

This initiative was highlighted by Nguyen Tuan Thanh, Standing Vice Chairman of the Binh Dinh People's Committee, during a business meeting in Ho Chi Minh City on February 21.

During the event, Nguyen Tuan Thanh shared that in 2024, Binh Dinh’s Gross Regional Domestic Product (GRDP) grew by 7.78%, ranking 26th among 63 provinces and second in the Central Coastal region. The province’s total state budget revenue exceeded 16 trillion VND (around $650 million).

Binh Dinh is prioritizing infrastructure development, particularly transportation, under the principle of "infrastructure paves the way for development." P

lans are underway to attract investment for the Phu My Port complex and upgrade Phu Cat Airport into an international terminal.

The province is also streamlining administrative procedures, improving investment, construction, tax, and customs regulations to enhance business efficiency.

With these efforts, Binh Dinh has achieved top marks in public service performance and ranks among the top 30 provinces in economic governance, according to the Provincial Competitiveness Index (PCI).

The province has also significantly shortened the approval process for investment and construction projects, reducing the timeline by 124 days from the standard 242-day period.

Looking ahead, Binh Dinh aims to be among the top 20 provinces nationwide in governance and investment attraction by 2025. The province is seeking investors with modern, eco-friendly technology, efficient resource utilization, and competitive products. Investors will receive maximum incentives under government regulations, including tax exemptions, reduced corporate income tax, and waived import duties.

Investors in the Nhon Hoi Economic Zone, particularly in the Becamex VSIP Industrial-Urban-Service Complex, will benefit from tax exemptions on imported goods, a 10% corporate tax rate for 15 years, and a four-year tax holiday followed by a 50% reduction for the next nine years.

Additionally, land rent will be waived for up to three years during the construction phase, followed by further exemptions for the lease duration.

For investments outside the Nhon Hoi Economic Zone, incentives vary by sector but may include rent-free land use, reduced corporate tax rates, and import duty exemptions.

Nguyen Tuan Thanh emphasized that all investor issues will be resolved swiftly through the province’s investor support hotline and the Special Task Force of Chairman Pham Anh Tuan.

This team operates with real-time online responses and holds in-person meetings every Monday morning, chaired by the provincial leader.

Ha Nam - Nguyen Hien