Province-based industrial parks (Ips) continued effectively operating in the first half of 2013. In addition to investment attraction on sharp rise, the production and business activities of enterprises in the Ips were very positive, greatly contributing to State budget and creating jobs for hundreds of thousands of laborers in and out of the province…

Great investment, high disbursement

Binh Duong now has 28 Ips, 24 of which are managed by provincial Ips Management Board with nearly 7,188 hectares in total. Among the 24 Ips, there are 23 in operation with total area of 6,984.7 hectares. Investors of the Ips over time focused on building infrastructure in accordance with the projects approved to create a favorable investment climate for enterprises. Thus, total capital implemented in the Ips has so far amounted to nearly VND8.97trillion or 77.11% of total capital approved. 

Provincial People’s Committee Vice-Chairman Tran Thanh Liem having a look at the electronic circuit production line of a Japanese-invested enterprise in the My Phuoc IP

According to provincial Ips Management Board, Ips under the Management Board in the first half of 2013 reached many good results in investment attraction. Particularly, they absorbed additional 24 FDI projects with total registered capital of US$212.9mln and 21 extra-ones with US$70.5mln. They also lured additional 11 new domestic investment projects with total registered capital of nearly VND407bln and 1 extra-one with VND11.7bln. The above results have brought the total number of valid investment projects in the Ips so far to 1,248, including 865 FDI projects with total registered capital of nearly US$5.9bln and 383 domestic investment projects with total registered capital of nearly VND24.38bln.

Noticeably, enterprises in the Ips have been good at in the investment capital disbursement. Their total investment capital implemented in the first half of 2013 was US$258.4mln, increasing by 7.17% compared to the corresponding period last year and getting 54% of the year’s plan. Of the total figure, the foreign investment sector gained more than US$226.6mln, up 6.59% while the domestic investment sector achieved US$14.5mln, up 7.21% compared to the corresponding period last year.

Contributing to increasing State budget, generating jobs

Enterprises in Ips under provincial Ips Management Board in the first half of 2013 took fruits in production and business with total revenue of more than US$2.9bln. Thanks to this, they paid nearly VND72mln for State budget, up 7.13% compared to the same period last year or 49% of the year’s plan. The foreign investment sector paid more than US$59mln for State budget while the domestic investment sector paid nearly US$12.9mln for State budget.

They have also contributed to generating stable jobs for a large number of laborers in and out of the province. In the first half of 2013, they created new jobs for 10,436 laborers, lifting the total number of laborers working in the above Ips to 227,859, a year-on-year increase of 2.46%. So far, there are more than 95.66% of laborers herein with labor deals.

Most Ips under provincial Ips Management Board achieved 50% of targets set in the first half of 2013. For the rest of the year, provincial Ips  Management Board will focus on key tasks, including continuing seriously implementing the Government’s Resolution No.01/NQ-CP, Resolution No.02/NQ-CP and provincial People’s Committee’s 2013 plan on socio-economic development; further coordinating with investors of the Ips to boost foreign investment promotion, mobilize them to build tenement houses for workers under the province’s housing project for laborers by 2015…

Reported by Trong Minh-Translated by K.T