Fostering IPs in association with innovation

Update: 30-05-2024 | 13:22:52

In addition to promoting infrastructure construction, drastically improving the investment environment, enhancing the quality of human resources, creating favorable conditions for production and business enterprises, strongly attracting FDI capital flows..., the province has paid attention to the construction and development of the industrial park (IP) system and spent many resources on implementing this field.

Strengthening industrial land fund

Binh Duong is taking steps to implement the 220-hectare information technology park project to attract high-value industries such as information technology, electronics and green industries. The concentrated information technology park was built with the goal of becoming a science and technology area, a center for innovation and high-tech investment attraction. Here, a system of science-technology industrial parks and modern information technology parks will be developed at international standards to attract domestic and foreign investment. Priority industries to attract investment in information technology parks are software and application development, information technology and telecommunications services, research and development (R&D), training and development of human resource on information technology... and green industries.

The province always pays attention, spends many resources on building and developing an industrial park system towards modernity and smartness

Currently, the province is accelerating the progress of implementation and investment in building industrial park infrastructure under planning, researching the formation of science and technology industrial parks, continuing the roadmap for converting functions, relocating businesses to industrial clusters, parks in the province. The province is also researching plans to upgrade and convert existing industrial parks into auxiliary, ecological, innovative industrial parks, industrial - urban - service parks in accordance with the new orientation of Binh Duong urban area in the period of 2021-2030, with a vision to 2050.

Vo Van Minh, Chairman of provincial People's Committee said that in the new period, Binh Duong is positioning a new segment, which is industrial development associated with the development of science, technology and innovation. The transformation towards green economy, circular economy, and digital economy in industrial parks is a key factor to improve competitiveness and ensure sustainable development of the province.

According to provincial Industrial Parks Management Board, this unit is currently coordinating with provincial Department of Construction and relevant sectors to set up tasks and general planning projects to build a scale of 1/5,000 specialized mechanical industrial park in North Tan Uyen Industrial Park 1, which is expected to be built in Tan Uyen city and North Tan Uyen district.

Inevitable trend

In the first 5 months of 2024, province-based IP have achieved positive results. Production and business activities in the local IPs are stable with investment attraction on sharp increase. Currently, IPs infrastructure investors continue implementing investment procedures in planned IPs.

Being home to 28 IPs, with the occupancy rate of over 93%, in 2024, Binh Duong will further promote innovation and diversify types of ecological, auxiliary, mechanical and industrial parks, high technology compounds, ensuring the development requirements of the province, the Southeastern region and the whole country. The province has also set up policies and implemented support for converting the functions of industrial production facilities in the Southern region to developing trade, services, urban areas and high-tech industries suitable to planning.

Regarding the progress of implementing a number of industrial parks in the province, Nguyen Trung Tin, Head of provincial Ips Management Board said that the project to build and trade in the infrastructure of the expanded Bau Bang Industrial Park has been granted an investment registration certificate in Bau Bang district’s Lai Uyen town, Cay Truong II commune and Dau Tieng district’s Long Tan commune with an area of 1,000 hectares. Cay Truong Industrial Park has been approved for planning at a scale of 1/5,000, 1/2,000. Currently, the investor is completing the application for approval of the 1/500 scale construction planning as a basis for basic design appraisal.

Provincial IPs Management Board is also reviewing and adjusting investment policies for Dai Dang, Rach Bap, Dat Cuoc and Song Than 3 IPs. Along with that, the unit is closely coordinating with infrastructure investors of Ips, especially the newly approved IPs so that investors can soon implement production projects and attract more new projects in the coming time.

Vo Van Minh, Chairman of provincial People's Committee said that in order to adapt to the new context, the province is building and developing the local IPs in a more specialized direction to attract more effective investment capital. Investment forms in building IP infrastructure in Binh Duong are diverse and suitable to the local actual conditions. In the new period, Binh Duong is positioning a new segment, which is industrial development associated with the development of science, technology and innovation. The transformation towards green economy, circular economy, and digital economy in industrial zones is a key factor to improve competitiveness and ensure sustainable development of the province.

In the first 5 months of 2024, province-based Ips have attracted US$525 million in FDI capital, an increase of 75% over the same period last year. The figure brought the total FDI capital into the local Ips to US$29.7 billion. The local Ips also attracted more than VND 1.05 trillion in domestic investment capital, reaching 96.25% of the 2024 plan. So far, the local IPs have attracted over 3,130 projects, nearly 80% of which are FDI projects with total registered capital of US$ 29.7 billion. There have been 682 domestic investment projects capitalizing at nearly VND95trillion, equivalent to about US$3.8 billion.

Reported by Ngoc Thanh-Translated by Kim Tin

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Fostering IPs in association with innovation

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