Industrial parks – the leverage for high-flying Binh Duong

Update: 09-04-2018 | 11:44:05

Thanks to the clear orientation, from the generations of provincial leaders, industrial zones and clusters in the province are continuously being developed and expanded. This has created a solid foundation for the province to flourish in all aspects.

Rightful strategies

The first milestone in the development of industrial zones was marked by the rapid mobilization of resources for the development of Song Than industrial zone in September 1995. This is considered a breakthrough development, because before that Binh Duong is an agricultural province, based on the central budget and have no experience in industrial development. Following this, Binh Duong has invested in developing Vietnam - Singapore Industrial Park (VSIP) on the basis of a joint venture between Becamex IDC Corporation and Serm Corp (Singapore). From these initial successes, up to now, the province has had 28 industrial parks with an area of more than 10,560 ha, a high rate of land lease and 10 industrial clusters with an area of 707.8 ha. It is expected that by 2020, Binh Duong will form 34 industrial parks with a total planned area of 14,790 hectares. This is a favorable condition for Binh Duong to attract investment capital for industrial, service and urban development in the coming time.

For years, industrial parks have greatly contributed to economic development of Binh Duong. In this photo: Vietnam-Singapore Industrial Park – the leading and model industrial park of the nation. Photo: P.V.

Over 20 years of construction and development of industrial zones, Binh Duong province has established a system of industrial parks based on socio-economic development planning and a team of enterprises developing infrastructure areas. Industry has financial capacity, prestige and experience. According to experts, foreign investment (FDI) into Binh Duong mainly focus on industries with high technology content such as electronic components, precision engineering, pharmaceutical ... should be able to compete big. This is because the industrial parks in the province have good infrastructure, ensuring a favorable investment environment and sustainable development should invite prestigious investors from many countries and regions. the world to invest in doing business.

After the success of VSIP, Binh Duong advocated industrialization to the north of the province, on the one hand, creating a driving force for economic development for localities in this area, on the other hand, to shift the economic structure. and poverty reduction for people in rural areas. In pursuit of this policy, the industrial parks of My Phuoc 1, 2 and 3 have created a strong motivation for local economic development. After 12 years in operation, the My Phuoc Industrial Park has attracted more than 450 FDI projects with a total investment of more than US $ 3 billion. Many large investment projects are concentrated here such as Kraff Vina, Kumho ... This is a resource that contributes significantly to the socio-economic development of the province and increase the budget revenue for the province..

Supporting industrial development focused

Over the past years, Binh Duong has step by step chosen and focused on attracting investment projects with technical level, modern production technology, especially big projects for industrial and urban development, high quality service. Most of the capital invested in Binh Duong is concentrated in the industrial sector, which shows the strong development of this key industry. Thanks to that, the province's industry develops in depth, creating motivation for urban development, service and trade in the area.

It can be said that thanks to good management of planning and construction of industrial parks in the province, the province has attracted many investors in industrial parks. Nguyen Thanh Truc, Director of the Department of Planning and Investment, said that in the past years, Binh Duong has concentrated on investing in infrastructure of industrial parks with synchronous and modern transportation system, making the investment environment of The province is getting better and better towards the goal of sustainable development. This has contributed to the province attracting many large corporations to invest.

The latest statistic of the Ministry of Planning and Investment shows that Binh Duong ranked third in attracting FDI in the first quarter of 2018 with a total registered capital of US$ 565 million, behind Ho Chi Minh City and Hai Phong. Up to now, Binh Duong has attracted 3,037 FDI projects with a total registered investment capital of 28.47 billion USD, ranking second in the country after Ho Chi Minh. It is noteworthy that the majority of FDI in the province is poured into industrial zones, with 1,878 projects, total registered capital of 19.52 billion USD, accounting for 68.5% of FDI in the province. This shows the great role of industrial zones in the province in attracting FDI for local socio-economic development.

In addition to strictly implementing the policies and guidelines of the Party of generations of provincial leaders, the successful development of industrial parks thanks to Binh Duong has mobilized All resources are developed from home and abroad. Especially, in the process of infrastructure development of industrial parks, Binh Duong does not use state budget but mobilized from many other sources. In fact, in the industrial parks established in the province have two foreign-invested industrial parks, the remaining industrial parks are owned by organizations, individuals and enterprises in the country. private

Tran Thanh Liem, Deputy Secretary of the Provincial Party Committee, Chairman of the provincial People's Committee, said that in the coming time Binh Duong will continue implementing the scheme on industrial restructuring and plans for cleaner production in industry. For in-depth industrial development, Binh Duong will continue to prioritize the development of supporting industries, spearhead industries, processing and manufacturing, supplying raw materials and auxiliary materials, raising the localization rate of public products. business; To work out a plan on step by step transforming the capabilities of industrial parks and clusters in the south of the province in line with the planning on urban development and services. Particularly, the province will focus on implementing the roadmap for development of industrial parks which have been guided by the government.

Reported by Khanh Vinh – Translated by Vi Bao

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Industrial parks – the leverage for high-flying Binh Duong

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