Many domestic enterprises have recently made strong investment into Binh Duong-based industrial parks (Ips). This is very corresponding to the province’s policy on sustainable industrial development while showing the ability of domestic enterprises. 

Yarn production at Thien Nam Investment and Development Joint Stock Company

Acceleration

Along with positive results in other fields, Binh Duong’s domestic investment attraction over the past nine months continued reaching thriving with total registered capital of VND12.131trillion. The result has brought the total number of domestic enterprises herein to 14,754 with total investment capital of VND115.17trillion. Noticeably, province-based Ips have absorbed more domestic investment projects manufacturing industrial products with good competitiveness in both foreign and domestic markets.

According to provincial Ips Management Board, there were more domestic investment projects licensed in Q3 2013. For example, Thien Nam Ha One-Member Co.Ltd. spent VND46mln on building its functional food-making factory in Ben Cat district-based An Tay IP. Covering more than 12,000 sq.m, the factory has the annual capacity of 490 tons/year. Anh Thy Co.Ltd. has also just poured VND50nln into construction of its factory manufacturing electrical-electronic components, mechanical components, metal products…in Tan Uyen district-based South Tan Uyen district.

Province-based IPs in the first half of the year absorbed more than VND418.5bln in domestic investment capital, up 42.54% compared to the corresponding period or 139% of the year’s plan. Particularly, there were 11 new projects with total registered capital of nearly VND407bln, 10 times higher in the number of projects and up 38.55% in the amount of capital compared to the same period last year.

According to provincial Ips Management Board, the sharp increase of domestic investment projects is a good sign amidst current difficulties. The above result has lifted the total number of domestic investment projects in Ips under provincial Ips Management Board up 383 with total investment capital of VND24,379bln…

Domestic investment projects in Ips under provincial Ips Management Board have seen a strong improvement in both quality and quantity. Noticeably, there are famous trademarks at home and abroad, namely Hoa Sen, Dai Thien Loc, King Do, Dong An Corrugated Iron…

Vietnamese trademark promoted

Many enterprises have taken fruits in production and business when making investment in province-based Ips. Hence, they have continued expanding production. Thien Nam Investment and Development Joint Stock Company is a typical example for this.

In 2002, the company put its first factory into operation in Thuan An town-based Dong An 1 IP. After its first factory’s success, the company has bravely expanded production with many factories built in the Binh An garment and textile park in Di An town. The company has so far developed four spinning factories in province-based Ips with total number of spindles to 150,000 and capacity of 25,000 tons of cotton yarn per year, including 80% for export and the remainder for domestic sales.

Estimatedly, the company reaches around VND1.5trillion in total annual revenue and creates stable jobs for more than 1,600 laborers. With a favorable investment climate, the company has affirmed its trademark, greatly contributing to increasing the localisation ratio of Vietnam’s garment and textile industry and building a Vietnamese trademark at abroad.

Noticeably, Vinamilk has put its two plants  with total investment capital of more than US$200mln in Binh Duong this year. The first plant, developed on six hectares in the Vietnam-Singapore 1 Industrial Park, specializes in producing powdered milk for children with an annual capacity of 54,000 tons. It is equipped with a closed automatic production system, ranging from processing to packaging activities.

The second plant is located in My Phuoc Industrial Park with total investment capital of VND2.4trillion. It is designed with a capacity of 400 million liters a year in the first phase and is expected to be doubled in the second phase.

Reported by T.Minh-Translated by K.T