Investment absorption from Binh Duong new city

Update: 27-11-2017 | 11:29:22

With 6 surrounding industrial parks (Ips), Binh Duong new city has become an attractive destination for domestic and foreign investors. Especially, FDI capital has continuously poured into these Ips, creating an important resource for the local socio-economic development.

Absorbing great investors

With methodical infrastructure plus administrative reform well implemented, Ips around Binh Duong new city, including VSIP 2, Song Than 2, Dai Dang 2…, have constantly attracted a lot of newly-registered projects and capital-increasing ones.

The Swedist-invested Tetra Park, the world's leading food processing and packaging solutions company commenced construction of a US$110-million factory at VSIP 2. It is expected to begin commercial operations by early 2019 with the annual capacity of 20 billion packs.

Ips in Binh Duong new city absorbs more investors. In picture: This is a production line of Kymco Company at Dai Dang IP

Representative of Tetra Pak said that the factory will focus on manufacturing packs for milk and beverage industries in Vietnam and Asia-Pacific region. This is Vietnam’s first packaging factory applying the highest standards on environment and is also Tetra Pak’s “greenest” factory. Currently, Tetra Pak supplies its products for more than 170 countries around the world with more than 24,000 staff.

These Ips have also absorbed many other projects with investment amounting to tens of million of US$, namely Kymco Vietnam, Omron Group’s Budsweser beer factory…Along with projects on industrial production, Binh Duong new city has been very attractive to capital flow in the fields of real estate, information technology, traffic-transportation…Among them, the Sora Garden project of Becamex Tokyu Company is the most noticeably with a total investment of US$1.2billion. The Japanese-style apartment-trade complex was commenced for construction in November 2012. It is known that when coming to Vietnam, Japan’s Tokyu Group decided to sort out Binh Duong new city for investment as realizing the great potential on real estate herein.

“Clean” land fund for investors

Over the past time, Binh Duong implemented a variety of solutions to absorb businesses making investment into localities, especially Binh Duong new city, contributing to perfecting the local investment climate.

Binh Duong new city is seen as a breakthrough work in the local investment attraction. It is of great significance for the local modernization and industrialization towards sustainable development by the combination of public and private investment capital.

Along with the process of changing the local socio-economic image, Binh Duong new city has also been developed with vehement vitality, contributing to turning TDM into a civilized and modern city. This is actually a very important work in the local development process, affirming the spirit of creativeness, flexibility and sound development vision in line with the local industrialization, modernization and urbanization process.

In order to have more investment projects pouring into the province in general and Binh Duong new city in particular, the local government will continue building a synchronous infrastructure system; prepare “clean” land fund at investors’ demand; attach special importance to training hi-quality human resources to serve investors; concentrate on reforming administrative procedures; deal with businesses’ queries, creating the best conditions for them to work…

Reported by Khanh Vinh-Translated by K.T

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Investment absorption from Binh Duong new city

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