Contributing to achieving double-digit growth

Bau Bang district is making strong strides, contributing to the province's goal of achieving double-digit economic growth by 2025. In addition to attracting investment and developing industries, Bau Bang district also focuses on public investment disbursement, improving the business environment and promoting urban development.

Boosting investment promotion

One of Bau Bang district's top priorities is to enhance investment promotion in existing industrial parks (IPs) while simultaneously developing the new ones. Currently, the district has two operational IPs, including Bau Bang IP and Tan Binh IP while the expanded Bau Bang IP and Cay Truong IP are under construction. According to the development plan, by 2030, the district will have additional IPs, including Lai Hung, Bau Bang 3, Bau Bang 4, Bau Bang 5, Bau Bang 6 and Dau Tieng 4.

Nguyen Phu Cuong, Chairman of Bau Bang district’s People's Committee stated that the locality is focusing on attracting clean, eco-friendly industrial projects that use resources efficiently. The district always facilitates investors by supporting compensation, site clearance and administrative procedures. To contribute to the goal of double-digit growth, Bau Bang district has given priority to attracting large-scale foreign investment projects, particularly in processing, manufacturing, electronics, semiconductors and artificial intelligence industries.

At meetings with investors, leaders of the district always emphasize that Bau Bang offers a favorable investment environment, with a well-connected regional transportation system and attractive incentive policies. The district is also actively implementing support policies to facilitate the relocation of businesses from the southern part of the province to IPs  within the district.

Effective public investment disbursement

Along with attracting investment, Bau Bang district has paid special attention to public investment disbursement. According to the district’s People's Committee, the total allocated public investment capital for 2025 is nearly VND 274 billion. In the first two months of 2025, the district has disbursed an estimated VND 40 billion, reaching 14.7% of the annual plan.

Currently, seven projects in the district are undergoing compensation and site clearance, including the expanded Bau Bang IP, Cay Truong IP, the Ho Chi Minh Road project at the Chon Thanh – Duc Hoa section passing through Bau Bang district, the 500kV Duc Hoa – Chon Thanh power line, the 110kV transmission line from Thanh An 110kV substation to Ben Cat 220kV substation, the Lai Uyen 220kV substation and its connecting transmission line.

Leaders of Bau Bang district stated that in 2025, the locality will further accelerate key projects, ensuring that no projects are delayed, due to procedural issues. All legal and site clearance obstacles will be swiftly resolved to facilitate the implementation of the project. The district is actively coordinating with departments, agencies and investors to address bottlenecks, efficiently complete land clearance and compensation processes, promptly resolve land valuation challenges to support compensation, site clearance and land allocation for investors to commence their projects.

Nguyen Phu Cuong, Chairman of Bau Bang district’s People's Committee stated that since early this year, the district has mobilized resources to contribute to the province's goal of achieving double-digit growth and resolutely implemented economic and social development tasks for 2025. The locality is focusing on improving infrastructure to support businesses outside industrial parks and compounds in the southern area in transitioning their operations and relocating to industrial parks and clusters in the northern part of the province. Additionally, the district is assisting enterprises in attracting and recruiting workers to ensure efficient production and business operations while also supporting workers in maintaining stable employment.

Reported by Tien Hanh-Phu Hao-Translated by Kim Tin