Binh Duong endeavours to develop high-quality industrial parks

The construction and development of a system of urban centers and industrial parks (IPs) in Binh Duong always receives much attention of leadership and many resources for the implementation. As a result, the province's position is increasingly enhanced, has become one of the major industrial developing localities of the country. In order to further stimulate industrial development in the 2021-2025 period, Binh Duong is strengthening the land fund for industrial park development to promptly catch a new wave of investment.

Up to now, Binh Duong has developed 29 IPs, of which many IPs have become big brand names that attract investment from large enterprises and multinational corporations. In photo: VSIP I infrastructure is synchronously and modernly invested.

Construction of industrial zones integrated with urbanization

Up to now, Binh Duong is one of the localities with the highest urbanization rate in the country (82%); has 3 cities and 2 towns; owns comprehensive and modern transport infrastructure. Currently, the province has 48 industrial parks and clusters with a total area of more than 11,000 ha, accounting for 1/4 industrial zone area of the whole Southern region. Binh Duong has been one of the leading localities in the country in industrial production and FDI attraction.

The province currently has 31 IPs with a total area of 12,721 ha, of which 29 IPs have been in operation with a total area of 11,021 ha, occupancy rate of over 70%. Currently, IPs have attracted 2,965 projects, including 2,309 FDI projects with a total registered investment capital of more than 24.3 billion USD and 656 domestic investment projects with a total registered investment capital of nearly 76,608 billion VND. Most large enterprises investing in Binh Duong choose concentrated industrial parks.

In order for the province's industry to develop radically in a fast and sustainable direction, the province is currently  implementing the right road map for smart city construction with major development orientations, such as attracting domestic and foreign investment into high-tech, high-value-added, less labour-intensive, environment-friendly industries; innovate, employ modern and advanced technologies, improve the quality of enterprises' products to increase competitiveness for international economic integration; attract investment into planned industrial zones and clusters; speed up the implementation and investment in IP infrastructure construction according to planning; to study the formation of scientific and technological industrial-urban zones; continue to convert functions, relocate businesses to industrial parks and clusters in the province.

Bui Minh Tri, Head of Management Board of Provincial Industrial Parks, said that investment wave is shifting to Vietnam and the production expansion trend of investors in IPs is increasing; thus the construction of high-quality industrial parks is imperative. In order to create a convenient supply chain for businesses, recently Management Board of Export Processing Zones - Industrial Parks - Economic Zones of Dong Nai, Long An, Ba Ria - Vung Tau and Binh Duong Provinces signed a cooperation agreement with Ho Chi Minh City Hi-Tech Park to form a network of organizations supporting SMEs of supporting industries and investors in the region.

To focus on high-quality investment

In recent years, as the industrial land fund of Di An and Thuan An has been exhausted, the province has shifted the planning of large industrial zones to areas still having large vacant spaces, such as Tan Uyen, Ben Cat, Bau Bang, North Tan Uyen. The province advocates redirecting industrial development to the North with IPs as leverage; this has helped localities develop its industry very quickly. In which, the land fund for industrial park development in Bau Bang district has 1,000 ha, Bac Tan Uyen district has 215 ha, Tan Uyen town has 1,630 ha, Ben Cat town has 3,200 ha and Thu Dau Mot city has 765 ha.

In the coming time, the province will strive to attracting investors having high technological content, so a scientific technological industrial park has been developed in Bau Bang district. Vo Thanh Giau, Chairman of Bau Bang District People's Committee, said that the district expanded Bau Bang Industrial Park to 1,000ha to attract investment in science and technology development. Thanks to effective investment attraction policies, Bau Bang district has absorbed more and more FDI projects with large capital. In addition to Bau Bang industrial - urban area, the district also has Tan Binh IP, Lai Hung IP, and Cay Truong IP whose infrastructure are also being invested to welcome businesses coming and opening factories.

According to Mr. Bui, the province also promulgated many preferential policies and mechanisms to support investment in industrial zones; actively support and solve difficulties and obstacles in land administrative procedures for secondary investors in IPs. With effective solutions to assist businesses, companies in all industrial zones of the province still maintain the regular pace of production and business, create added values for products, and contribute to economic growth of the province.

Binh Duong takes industry as a foundation, a breakthrough stage, in which the core is building IP infrastructure combined with urbanization. The province's consistent view is to build IPs as a driving force for socio-economic development to serve the people and the country. Binh Duong has created a large "clean land" fund to develop industrial park infrastructure, creating good and effective IPs in the eyes of investors. Up to now, Binh Duong has developed 29 IPs, of which many IPs have become big brand names that attract investment from large enterprises and multinational corporations. Since then, Binh Duong has replicated and shared the industrial park management and operation model to many provinces and cities.

Reported by Ngoc Thanh - Translated by Ngoc Huynh