Hanoi, 30 June 2015 - The Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) in Hanoi coordinated with Quang Binh People’s Committee to hold a meeting with potential investors who plan to invest in Quang Binh province, a preparation for the up-coming tourism conference co-held by Quang Binh province and BIDV, scheduled for 5 August 2015 in Dong Hoi City, Quang Binh province.

 

​Attend meeting were Mr. Nguyen Huu Hoai, Quang Binh Chairman and representatives of of Quang Binh province’s departments, Mr. Tran Bac Ha, Chairman of BIDV, Mr. Phan Duc Tu, CEO and other BIDV leaders, BIDV Quang Binh branch and nearly 40 local and foreign potential investors and businesses.

The meeting was held ahead of the upcoming tourism conference in Quang Binh in August 2015, showing the province’s special interest in and preparation for the investment promotion. This is a good chance for the province to introduce its strengths and potential investment projects to businesses.

Located on the East-West corridor with good transport infrastructure including airport, seaport, road, railways, waterways, Quang Binh has strong advantages, potential and opportunities for growth in key sectors such as tourism, forest resources, forest land, mining, building material manufacturing, electrical energy, marine production, economic zones and industrial parks. The province is also evaluated to be one of the provinces with the best business and investment environment in Vietnam, and is now an attractive destination for local and foreign investors. To date, there are 320 projects in total licensed with a total registered capital of over USD5 billion; 11 FDI projects with total registered capital of USD107 million. 158 projects have been implemented with total registered capital of nearly USD4 billion.

Currently, several investors are exploring to implement their large tourism projects such as Sungroup (with Phong Nha – Ke Bang tourism site, coastal Bao Ninh – Hai Ninh golf course project), An Viet Company (with resorts and golf courses project). In addition, Korean and Indian firms are studying a number of coastal projects, eco-resorts, etc. Quang Binh is expected to a big tourism hub of Vietnam and the Asia in the near future.

At the upcoming conference on tourism investment and promotion in Quang Binh, the province will give priorities to 35 key projects in the area of trade and tourism infrastructure with total expected investment of up to VND23,426 billion.

At the meeting, leaders of Quang Binh province announced its special mechanism and policies for businesses and investors. The province will apply the highest incentives in the incentive framework of the government. In addition, it also offers support such as tax and land incentives; ground clearance; technical infrastructure construction outside industrial park and economic zone fences; labor training expense, etc.

As an experienced consultant to investment promotion activities in regions across the country, at the up-coming tourism conference in Quang Binh, BIDV will act as the co-organizer and financial sponsor. The bank will also be the provider of fund to feasible and effective projects.

Speaking at the meeting, Mr. Tran Bac Ha - Chairman of BIDV said the “three-entity” model - the state, investors, and banks in investment promotion initiated by BIDV since 2005 and implemented in previous investment promotion conferences in the Central Highlands, Northwest Highlands, South Central Coast region and other regions was of practical significance, contributing to socio-economic development of the localities and the country as a whole.

 

For further information, contact:

Branding and Public Relations

Bank for Investment and Development of Vietnam JSC

Tel: (+84)4.22200544; Fax: (+84)4.22225316