FDI and renewable energy
At the Investment Promotion Conference held on the morning of May 11, Dien Bien province awarded 12 investor approval decisions and investment certificates to 11 businesses.
With a total investment capital of over 48,320 billion VND, the new capital flow promises to create a strong boost, changing the socio-economic face and creating thousands of jobs for local workers.
A prominent highlight at the Investment Promotion Conference is foreign direct investment (FDI) capital with 3 large projects, with a total investment of over 14,000 billion VND, mainly focusing on the clean energy sector. Specifically, Vestas Development A/S Group has been awarded investment decisions with 2 projects: Dien Bien Dong Wind Power Plant (phase 1) and Muong Ang Wind Power Plant. These two projects have a total designed capacity of 234 MW, with a total investment of over 9,634 billion VND.
At the same time, Viet TPDB Wind Power Investment Pte and Beijing Weineng Investment Joint Venture also received investment decisions for the Envision Nam Po Wind Power Plant project. The project has a designed capacity of 125 MW, with a total investment of 4,375 billion VND.
Besides wind power, solar power and hydropower are also of interest to domestic investors.
Vinenergo Energy Joint Stock Company (under Vingroup Group) invests in Dien Bien 1 solar power plant, with a capacity of 300 MW, with an investment capital of over 5,370 billion VND.
The joint venture of SD Dien Bien Float Solar Power Joint Stock Company and SD Vietnam Construction Investment Joint Stock Company invests in a solar power project on Pa Khoang lake integrating storage batteries, with a capacity of 73 MW, with capital of over 1,473 billion VND.
Dien Bien Solar Power Joint Stock Company received a decision for the Trung Thu hydropower lake surface solar power project, with a capacity of 72 MW and an investment capital of more than 1,454 billion VND.
Truong Thinh Joint Stock Company is approved to invest in Le Bau 3 Hydropower project.
Big guys" gather
Dien Bien's attractiveness is also affirmed when leading private economic groups in Vietnam pour large sources of capital into urban areas and tourism services.
Notably, the new urban area, resort tourism and sports service project in the Northwest, Dien Bien Phu ward is invested by Thanh Pho Xanh Development Joint Stock Company (Vingroup Group).
This is a large-scale project, with a total investment of over 23,660 billion VND, oriented towards developing a modern urban space, associated with resort and sports tourism services, an 18-hole golf course. This project was also started on the morning of May 11, in Thanh Nua commune.
Meanwhile, Fansipan Sa Pa Cable Car Tourism Service Co., Ltd. (Sun Group Group) also invested in the Dien Bien Phu Cable Car combined with cultural and historical tourism complex (in Muong Phang commune).
The project has a total investment of over 2,070 billion VND, which was just started on the afternoon of May 10.
The urban infrastructure sector includes the Bac Hong Cum New Urban Area project (sub-zone A) invested by Thanh Vinh Real Estate Development Investment Joint Stock Company, with a capital of nearly 990 billion VND.
Investment associated with livelihoods and agricultural infrastructure
Investment capital in Dien Bien is also directed towards agriculture and rural areas. Lai Chau Agricultural Construction and Development Investment Co., Ltd. is approved to invest in the project of a pig farm combined with fruit tree cultivation in Muong Pon commune.
The project is expected to achieve a production output of over 660 tons of commercial pork/year, and at the same time develop fruit orchards with high economic value.
At the same time, the project to build a water reservoir in Si Pa Phin commune invested by Trading and Construction Company No. 6 Co., Ltd. will also make an important contribution to ensuring water security, serving production and life in the highland area.
