Bình Phước seeks investment in infrastructure

Bình Phước Province seeks to attract investment in sectors such as manufacturing and supporting industries. Photo: tuoitre.vn
 

Bình Phước Province is soliciting investment in a series of infrastructure projects including airport and industrial parks in 2020-25.

Nguyễn Minh Chiến, head of its Economic Zone Authority, said the province has been streamlining administrative procedures, offering favourable policies for investors, carrying out activities to facilitate online investment, and adopting modern and smart administrative technologies.

Nguyễn Tấn Hùng, head of province's Department of Transport, said the department has worked with other relevant agencies to prepare a plan to build an airport in Hớn Quản District.

According to local authorities, Tecnic Hớn Quản airport will have a key role in attracting investment to the province in the next five years.

Besides the airport, the province is also focusing on other transport infrastructure works such as the HCM City- Chơn Thành-Đắk Lắk Expressway, the Dĩ An-Hoa Lư Railway and Highway 14C to Đắk Nông Province.

Trần Tuệ Hiền, chairwoman of the People’s Committee, said the province is soliciting US$2 billion worth of investment in 80 key projects.

It would focus on attracting investment in manufacturing, supporting industries and agriculture, she said.

Situated in the key economic region of the South, Bình Phước is the largest of the 19 southern provinces.

It is famous for two crops with high economic value, rubber and cashew, and has 243,000ha of land under the former and 138,000ha under the latter.

It achieved 7.1 per cent growth, and targets 8.5-9 per cent in 2021./.