Investment for future

UB.CA/BInh Dinh - Many traffic projects have been conducted for the socio-economic development in Binh Dinh. They play the core role in attracting the investment and meeting social demands.
Binh Dinh has considerably built many key roads, such as Quy Nhon-Song Cau, Nhon Hoi-Tam Quan, and Quy Nhon-Nhon Hoi in the past few years.
The construction of Quy Nhon-Song Cau road had been started in 1997 with the capital of over VND300 billion. It has been in use since 2001, wakening up the tourism potential of the coastal city with many beautiful landscapes.
Quy Nhon-Nhon Hoi work includes five Ha Thanh bridges and Thi Nai bridge. With the capital of VND581 billion, it was built with advanced technologies. Thanks to this work, Quy Nhon City and Phuong Mai peninsula are now connected, creating conditions for the development of areas on the peninsula and Nhon Hoi Economic Zone.
The 107-km Nhon Hoi-Tam Quan road plays as the key connection for the socio-economic development among coastal localities in Binh Dinh. The potential of sea economy has been exploited, helping improve the living standard of fishermen.
Many new projects
The traffic system development means the investment for the future. At present, many traffic projects have, therefore, been invested. The most noticeable project is the road on the West with the capital of VND386 billion.
The construction of Cat Lam bridge (An Nhon District) and An Thai bridge (Phu Cat District) is also expected to kick off this year. The former plans to be finished in 2008 and the latter will be in use by September, 2009. The road in the West plans to be built next year and it will be in use by 2010.
Also, the road connecting the national highway No 1 and Long My industrial zone has being built and it will be completed by the second quarter this year. The upgrade of the road to Phu Cat airport has also been conducted.
The upgrade of Nguyen Tat Thanh road is slower than expected. To carry out this project, it needs to build the resettlement areas for households.
The ground clearance and compensation are now being carried out. The construction of the resettlement area in Dong Da Ward is also undergoing.
.:: Other news
• Total social investment capital estimated at 877.9tr dong in 2011: GSO (10/01/2012)
• Investment funds complain it’s difficult to find places to pour money (04/01/2012)
• Restructuring of Vietnam’s economy: vital for investment growth (22/12/2011)
• Nation urged to boost hi-tech investment (16/12/2011)
• Vietnam plans bright future for solar energy (16/12/2011)
• Vietnam set to improve investment environment (14/12/2011)
• Restructuring public investment a must (13/12/2011)
• EuroCham critiques Vietnam on trade, investment policies (09/12/2011)
• ODA – Catalyst for opening up investment capital (06/12/2011)
