Competition capacity increased to create new attraction features of provincial industrial parks

Update: 13-04-2021 | 10:54:46

Currently, 29 industrial parks in the province have basically filled up with investment projects. In the first three months of 2021, most of the enterprises in the industrial parks have operated stably. Powered by many solutions such as improvements of investment environment and infrastructure, the industrial parks keep on to be the driving force for economic growth of Binh Duong province.

Enterprises in industrial parks of the province are making efforts to prevent the pandemic and maintain their stable production and business operations

Stable operations

Walking around some industrial parks of VSIP, Dong An, Viet Huong, Song Than and many others in the early morning, we witnessed a busy scene of people entering and leaving. In VSIP, although the workforce is very large, the entire campus of this industrial park is very neat, clean, beautiful, and the factories are operating stably. Cho Gyu Sik, Deputy General Director of Kumho Vietnam Co. Ltd. said, currently, the province's industrial parks have met the requirements of investors for having synchronous infrastructure and convenient transportation to make goods of enterprises transported smoothly and quickly. In the past time, in the difficult context of Covid-19 epidemic, the provincial departments and branches have promptly instructed and effectively coordinated to quickly support enterprises. Therefore, businesses operations have also soon been recovered in terms of production and exportation activities.

According to Binh Duong provincial Industrial Park Management Board, 2,965 projects in industrial parks are currently in effect including 2,309 foreign-invested (FDI) projects with a total registered capital of USD 24.3 billion USD and 656 projects of domestic investment with a total registered capital of VND 76,608 billion. Particularly in the first quarter of 2021, the industrial parks have attracted domestic investment of VND 1,470 billion, increasing by 350% from 2020 and reaching 105% of the plan in 2021. They have also made FDI attraction of USD 329.6 million, increasing by 99.22% over 2020 and reaching 27.47% of the plan in 2021.

Bui Minh Tri, Head of the provincial Industrial Park Management Board, said that although it was affected by the Covid-19 epidemic, the Management Board focused on implementing and grasping the implementation of the provincial Party Committee's Resolution and the provincial People's Committee's plan on socio-economic development, national defense and security right from the first days of the year to all cadres, civil servants and employees. Particularly in the industrial parks, the province has instructed the Management Board to regularly monitor and support enterprises to actively grasp the situation of enterprises' operations, to propose measures to remove difficulties, especially, in relation to the workforce, raw materials for exportation production. Up to this point, most of the enterprises in the industrial parks of the province have maintained their stability and development.

Infrastructure and facilities are improved

Currently, in addition to a number of industrial zones that have filled up in the area, investors of the remaining industrial parks in the province are actively coordinating with relevant local authorities to accelerate site clearance and deployment of investments in the construction of technical infrastructure to quickly promote and attract investment in secondary projects. This solution is considered especially important in the current stage when Binh Duong has been always striving to improve the investment environment and to complete and upgrade its infrastructure to better serve the needs of investment attraction

It can be seen that the current land fund of industrial parks in Binh Duong has reached a relatively high occupancy rate. In the next stage, the investment attraction in the province's industrial park will positively change in more substantive and selective direction to specialization, ecology, intelligence and new attraction features. The existing industrial parks and new ones are attributed with many solutions to improve their competitiveness and to attract investors.

In the first 3 months of 2021, the realized investment capital of enterprises was estimated at USD 738 million USD, increasing by 11% over the same period and reaching 61% of the year plan. In which, the FDI economic sector reached USD 654 million, accounting for 89% and increasing by 9% over the same period; the domestic sector reached USD 84 million, accounting for 11% and increasing by 8.5% over the same period. Industrial parks have leased a total area of 20.96 hectares to 10 enterprises, reaching 20.96% of the plan in 2021 which has been projected to 100 hectare lease. Accumulated to date, the industrial parks have leased a total area of 6,685 hectares to gain occupancy rate of 61%.

Bui Minh Tri added that the province determines to attract investment selectively with priority given to projects of advanced and clean technology, modern governance, high added value, and having spreading effects to connect to global production and supplying chains. Therefore, the province has focused on prioritizing the development of industrial parks towards high technology and supporting industries to form linkages and production chains.

“Accompanying with businesses, the province will increase the application of information technology, will review and simplify administrative procedures. Local authorities and departments of the province focus on clearing the ground in the industrial parks to soon hand over clean ground to investors to start their projects. In order to be ready to welcome the wave of FDI investment after the Covid-19 epidemic, the province is now keeping on accelerating the progress of investment in completing infrastructure of industrial parks in a synchronous and modern direction. At the same time, we will study and promulgate attractive mechanisms and policies to promote infrastructure development as well as policies to invest in the construction of social facilities, social housing for workers and to attract and train high-quality labor force to serve industrial parks in the province,” added Bui Minh Tri.

Reported by Ngoc Thanh – Translated by Vi Bao

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Competition capacity increased to create new attraction features of provincial industrial parks

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