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3. Investment

In 2023, Binh Dinh province continued to developing and upgrading its
infrastructure. The province determined to go one step ahead in preparing
infrastructure (both economic and social), this was considered the most
practical preparatory step to invite investors to the province. The province
proactively and coordinately invested in transport infrastructure, irrigation,
electricity and water supply, developed industrial zones and clusters, economic
zones, constructed and upgraded training facilities, and also carried out many
policies to attract investment capital in the province, with incentives on land
prices, land rent, corporate income tax and other incentives. In addition, it also

supported in term of investment, training costs for workers, trade promotion,
technical infrastructure, information providing and time shortening to resolve
administrative procedures, investment promotion.
In addition to large projects implemented by the Central Government, the
province also implemented many group B and C projects, synchronized

infrastructure among regions within the province and neighboring provinces.
Combination of investment in upgrading infrastructure and policies to attract
domestic and foreign investors was well implemented. Thanks to that, the
growth rate of investment capital in the province in 2023 increased quite high.
Total realised development investment capital in the area in 2023 (at current
prices) reached 51,677 billion VND, an increase of 14.9% compared to 2022,
including: 16,455 billion VND of the State sector capital, accounting for 31.8%
of the total investment capital and a year-on-year increase of 3.1%; 32,966
billion VND of the non-state sector, accounting for 63.8% of the total
investment capital and up 24.8%; 2,256 billion VND of the foreign investment
sector, accounting for 4.4% of the total investment capital and down 13.5%.

4. Price index

In 2023, the domestic market price fluctuated due to the impact of
unfavorable economic and political factors in the world, changes in gasoline,
gas, gold, and USD prices, etc led to tendency of increasing and decreasing
alternately prices of goods on the market, especially essential goods. The price
management of Binh Dinh province was seriously implemented according to
the direction of the Government, the Ministry of Finance and Binh Dinh

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