Representatives of Binh Dinh province grant an investment licence to Kurz International Holdings GMBH from Germany. (Photo courtesy of Becamex VSIP Binh Dinh)KurzInternational are the first foreign investor to be approved at the 1,425ha park in the central coastal province. It comes just one year after thesigning of a Memorandum of Understanding with the park owner Becamex Binh DinhJoint-Stock Company.
Theproject will be built on 12 ha with a total capacity of supplying 15 millionsquare metres of hi-tech film and coating products. It’s expected to beginoperation from the second quarter of 2023.
Theproject highlights the efforts of local authorities, investors and the parkowner in land clearance and infrastructure preparations, despite the delays andsetbacks caused by COVID-19.
Accordingto the Binh Dinh economic zone administration, the Becamex VSIP Binh Dinh – theareas first industrial, urban and service zone – was developed thanks to atotal investment of 3.3 trillion VND (142.1 million USD). It is a part of theNhon Hoi economic zone, in the province's Quy Nhon City.
Thepark was designed to draw 2 billion USD and create about 150,000 jobs for theprovince, and neighbouring provinces, along the central coast of Vietnam.
Lastyear, the province opened a 20km route connecting the Nhon Hoi economic zoneand Phu Cat Airport, to encourage business and tourism.
NineVSIPs, a typical economic cooperation model between Vietnam and Singapore, havebeen developed in Binh Duong, Bac Ninh, Hai Phong, Quang Ngai, Hai Duong andNghe An. They have attracted 840 partners and investors from 30 countries andterritories, and a total investment of 14 billion USD.
VSIPcomplexes nationwide cover around 8,600 ha and have created around 250,000 jobsfor Vietnamese and foreigners./.
VNA
