Bau Bang to be new urban-industrial hub

Bau Bang district is focusing on development, becoming an urban-industrial hub in the northern region of the province. Accordingly, the district has planned and built industrial parks (IPs) with very convenient traffic locations, creating a fundamental change in investment attraction, mobilizing resources, tapping existing potential to develop the local advantageous industrial products.

Identifying the right potential

In the condition that the district was newly established with many difficulties, but with the high determination of the whole political system, the district planned goals, tasks and set out action programs on key fields to create breakthroughs for each period and whole term in order to effectively tap the local potential, contributing to promoting the local socio-economic development, especially in industrial development, investment attraction and urbanization, contributing to rapidly changing the local urban image.

Bau Bang IP has made positive contributions to the local socio-economic development

Since its establishment, Bau Bang district has planned the local important items to create a new breakthrough. The district’s first and most important project is Bau Bang IP, with a total area of ​​more than 2,100 hectares (expanded by nearly 1,000 hectares) was formed in 2016. In addition, Bau Bang IP also has a favorable traffic location on National Highway 13, belonging to the important trade gateway between the Southeastern  and the Central Highlands regions. With the goal of developing into a strong industrial hub in the northern region of the province, Bau Bang district is currently an attractive destination, strongly attracting domestic and FDI projects.

Up to now, the district has attracted 1,257 projects, including 1,042 domestic projects with a total registered capital of more than VND 40.45 trillion, 215 FDI projects, with a total registered capital of nearly US$ 4.7 billion. Since early this year, the district has attracted 14 newly registered projects, with a total registered capital of more than VND8.33trillion and 7 FDI projects with a total registered capital of US$318 million.

According to leader of Bau Bang district’s People's Committee, through implementing synchronous solutions in infrastructure development and investment of IPs, Bau Bang district has so far formed up many IPs with a total planning area of ​​thousands of hectares. Currently, there are Bau Bang, Cay Truong, Lai Hung and Tan Binh Ips that have been completed and put into operation, which is a highlight for the local development. The activities of the local IPs have actively contributed to the local economic development with the average growth of industrial production value in the period of 2016-2020 at 18%-20%. In the first months of 2022, the value of industrial production at comparative prices reached more than VND5trillion, an increase of nearly 16% compared to the same period last year.

To meet the local demand for synchronous development, Bau Bang district has been promoting the completion of the local social infrastructure network with a series of public investment projects in terms of schools, medical facilities and key administrative works…The district has also mobilized a lot of resources to implement commercial and social housing projects, meeting workers’ demand for stable accommodation and well serving the local demand for industrial development.

Synchronized solutions

In the period of 2021-2030, with a vision to 2050, the district's orientation for socio-economic development is to improve the growth model with good and effective ways. The district will step by step perfect the local synchronous infrastructure system, focusing on mobilizing resources and economic sectors to effectively tap the local potential and advantages, striving to achieve sustainable and high economic growth on the basis of structural shift towards industrial manufacture, trade- services and agricultural production in association with attracting and developing human resources together with protecting the ecological environment and paying attention to solving social problems, ensuring social welfare. On the other hand, the district will further improve people's material and spiritual lives; maintain political security, social order and safety, strive to develop Bau Bang district into an urban-industrial center in the northern region of Binh Duong province.

Vo Thanh Giau, Chairman of Bau Bang district’s People's Committee said that in order to achieve the above-mentioned goals, the district has set out a number of main tasks and solutions for implementation. Regarding economic development, the district has further carried out the shift of industrial structure based on innovation to attract investment, application of high technology in association with urban development. The immediate focus is on well doing coordination work and recommending the province to increase investment in the field of developing an infrastructure system, building a traffic network with regional connectivity, building a synchronous and continuous public traffic network between the local urban, commercial - service and residential areas. The district will also upgrade, expand and build new arterial roads in association with public traffic development; attract and call for investment in the development of high-tech, environmentally friendly and logistics industries, prioritize the development of traffic infrastructure as a key driving force for development, strive to develop more sci-tech Ips, mobilize resources and economic sectors in the society to further invest, creating development steps in the local socio-economic infrastructure. In addition, the district will strive to reach VND700,000billion in industrial production value for the period of 2021-2030, with the average annual increase of 21%-23%.

With synchronous and appropriate solutions, it is believed that Bau Bang district’s socio-economic development will continue growing with all targets meeting and exceeding the set plan. The local people's lives will be improved, thereby contributing to building up a civilized, modern and environmentally friendly district.

Reported by Thoai Phuong-Phu Hao-Translated by Kim Tin