Southern Binh Phuoc Province is seeking investment for three industrial zones, which needs a least VND448 billion (US$24 million).
The province also wants investment in its water infrastructure in the zones along National Highway 13, Chon Thanh Town and Dong Phu District as well as Hoa Lu Border-gate Economic Zone.
The call for investment was made at an investment promotion conference held in Hanoi on Saturday.
Binh Phuoc People's Committee chairman Truong Tan Thieu told the potential investors that his province, located in the southern key economic zone, was advantageous for industrial development and investment.
The province was attempting to shift its economic structure toward industrialization, Thieu said, adding that it had set aside more than 5,200ha of land at 18 industrial zones for development.
Investors could also invest into the electronics, textile and garment sector.
The chairman assumed that local authorities would create the best conditions for investors by speeding up administrative procedure reforms and improving infrastructure facilities.
During the past five years, the province has achieved significant accomplishments in all fields. Its average GDP growth rate reached 13.2 percent and industrial production increased by 24 percent.
Currently, the province is home to 3,000 projects including 1,000 foreign-invested projects worth $1.57 billion.
