After 10 years of development, My Phuoc industrial parks (Ips) invested by Becamex IDC has upheld its effectiveness in investment attraction and created a driving force for the economic development of Binh Duong province in accordance with the industrialization and modernization trend.

Impressive figures

My Phuoc Ips have so far absorbed 420 FDI projects from 30 countries and territories with a total registered capital of more than US$3.5bln. With the result, My Phuoc Ips have accounted for over 20% of the total number of FDI projects and over 22% of the total amount of FDI capital flowing into the province. 

Le Thanh Cung, Chairman of provincial People’s Committee handing over an investment license to Futoshi Hario, CEO of DNP Group

Thanks to meeting international standards, My Phuoc Ips have lured many FDI projects with the great capital, including the US$360mln-automobile tire plant project of the South Korean Kumho Asiana Group, the hi-class packaging factory project of the Thai SCG Siam Cement Group with the first phase costing US$140mln, the US$41mln-factory project of the US Colgate-Palmolive Vietnam Company, the US$60mln-beverage factory project of the Japanese Kirin Acecook Vietnam Company…

In the first half of the year, My Phuoc Ips have continued drawing additional FDI projects, in which  the Japanese Dai Nippon Printing – DNP group’s factory producing film templates for the packaging industry at the My Phuoc 3 IP is the biggest investment project with total investment capitalization of US$35 mln in the first phase. Provincial People’s Committee, on May 11, granted an investment license to the project, which is expected for completion and operation in April 2013.

Favorable investment climate

One of My Phuoc Ips’highlights is well-built infrastructure along with the investor’s policies in workforce attraction. Hence, My Phuoc Ips have over time achieved sharp growth in investment attraction.

Futoshi Hario, CEO of DNP Group and said that after searching Vietnam’s investment climate, his group has selected the My Phuoc 3 Ip for investment because of its favorable investment climate with well-built infrastructure and good human resources.

Similarly, Kim Jooan, General Director of the South Korean-invested KyungBang Company said that the company has decided to sort out Bau Bang IP, which is also invested by Becamex IDC, to build its fibre-producing factory as this IP has met requirements on planning, infrastructure and others.

Possibly speaking, the model of My Phuoc Ips has upheld its effectiveness in investment attraction after 10 years of development, contributing to promoting the economic development of Binh Duong in particular and of Vietnam in general…

Reported by Trong An-Translated by K.T