An attractive destination for investors

Update: 29-09-2020 | 10:40:40

With a prime location, well-planned and well-connected infrastructure system, North Tan Uyen is an attractive destination for investors. The attractiveness of North Tan Uyen will increase as a series of major infrastructure projects are launched. This will undoubtedly create a strong "push" for the local economy.

A construction site in Dat Cuoc Industrial Park, North Tan Uyen District.

A foundation for industrial production

In recent years, the investment attraction of industrial parks in the district has become stronger, contributing to stimulating the local economy in accordance with the orientation. The planning and investment for infrastructure is a foundation for industrial parks in the area to develop, strengthening its attractiveness to investors. Tran Van Hiep, General Director of Dai Hoang Company, a new investor in Dat Cuoc Industrial Park, said: "Over 20-year experience in steel production for industrial projects in Binh Duong, I chose Dat Cuoc Industrial Park as a new investment place to expand our capacity, because North Tan Uyen now has good transport infrastructure, comprehensive industrial infrastructure meeting production requirements. In the future, there will be more roads connecting different localities in the region. I'm sure that the inflow of investment capital would continue to shift to North Tan Uyen."

Currently, there are four industrial zones and clusters with a total area of 1,073 hectares, infrastructure of these industrial zones is guaranteed in accordance with the planning and technical design approved by the competent authorities. Specifically, Dat Cuoc Industrial Park has completed its infrastructure of 212.84 hectares and has been filled 100%. The industrial park has also attracted more than 70 investment projects. The investor is expanding more 340.16 hectares, raising the total area to 553 hectares. Currently, after the expansion, the industrial park has also been filled 40% of the area.

Other IPs in the area also well absorbed investment. Tan Binh Industrial Park completed its infrastructure with an area of 257.5 hectares, has attracted 52 investment projects with a total area of 171.5 hectares, reaching an occupancy rate of 76.87%. Tan My Industrial Cluster has executed and finished about 50% technical infrastructure, 12 investment projects with an area of 29 hectares, the filling rate reaches 32.6%. Recently, the Prime Minister has approved the policy of adding new Tan Lap 1 Industrial Park 400 hectares and VSIP 3 Industrial Park 1,000 hectares. Currently, VSIP 3 Industrial Park's investors are preparing dossiers of general planning to submit to Provincial People's Committee.

With the advantage of infrastructure, during the Covid-19, the situation of investment attraction in North Tan Uyen district still gained positive results. Over first 9 months of 2020, industrial zones and clusters in the district attracted 10 projects. In particular, Dat Cuoc Industrial Park attracted 9 projects, with an area of 8.82 hectares. Tan Binh Industrial Park attracted a project with an area of 1 hectare. In addition, the district People's Committee submitted written documents to provincial departments about 8 investment projects outside industrial parks. In particular, the district agreed the investment sites of 7 projects. Over first 9 months of 2020, Department of Planning and Investment issued 43 business registration certificates for enterprises, with a total capital of VND 420.2 billion, including 35 domestic enterprises and 8 FDI investors. The district has accumulatively 581 enterprises having business registration certificate, with a total investment capital of VND 9,583.2 billion.

Industrial infrastructure is getting better and more improved

In order to increase competitiveness and attract many investors, industrial park infrastructure construction companies in North Tan Uyen are interested in factors directly affecting investment attraction in industrial zones, such as technical infrastructure, investment policy regime, quality of public services and related services, competitive input costs.

In the last two years, Dat Cuoc Industrial Park has become a favored destination of Korean, Japanese, Malaysian, Chinese investors and domestic businesses. In particular, there are many large-scale projects that have been put into operation and increasingly attached to North Tan Uyen. According to Le Hoai Nam, Deputy General Director of Dat Cuoc Industrial Development Company, more and more investors have come to industrial parks in the area, because the district's policy on comprehensive transport infrastructure development, the close attention of governmental branches in the district to create a good relationship with investors.

Mr. Le said: "The company is also making great efforts to promote its in-house strength, bringing benefits and good facilities for investors in order to make Dat Cuoc Industrial Park become a friendly investment destination and achieve sustainable development. We have invested in the construction of a complete industrial park infrastructure in accordance with the approved detailed planning for transportation system, water supply and drainage, power supply, energy, trees, fire prevention, communications... In particular, the company built two concentrated wastewater treatment plants with a total capacity of 5,800m3/day and night, contributing to make Dat Cuoc Industrial Park become a beautiful green industrial park, with full of facilities for investors". According to Mr. Le, in recent years the company has made efforts to join hands with relevant agencies and local authorities to act as a linkman to set up close relationships between enterprises in the industrial park and administrative agencies; thereby actively supported and timely solved difficulties of investors in production activities, recruitment, human resource training, ensuring security and order, sanitation... This is also considered as one of the most important factors to help investors to make long-term commitment to Dat Cuoc Industrial Park".

Similarly, Tan Binh Industrial Park currently has a fairly fast investment rate. Up to now, infrastructure of this industrial park, including electricity supply, telecommunications, water supply and trees, have been invested comprehensively. Tan Binh Industrial Park has completed the construction of drainage and sewerage system to ensure drainage capacity for the whole industrial zone, completed three main roads with a total length of 2,036m, and is constructing five other roads with a total length of 2,855m...

Reported by Tieu My - Translated by Ngoc Huynh

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An attractive destination for investors

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