Province creates best conditions for enterprises

From an agricultural locality based on central State budget, Binh Duong has quickly risen up with industrialization-modernization and become one of the country’s localities with the most flexible development. This result came from obvious orientations by provincial Party Committee, People’s Council and People’s Committee in improving the local investment climate and competitiveness, promoting business and production…

Binh Duong has always created the most favorable conditions for enterprises. In picture: Production activities at Kaiser Furniture Joint Stock Company in Ben Cat town

Investment climate ceaselessly improved

Over the past time, Binh Duong was not only a bright spot in investment attraction, but also one of the country’s top localities in investment climate improvement. Accordingly, the province continuously reformed administrative procedures, promoted public services while creating favorable conditions for enterprises to know more about the local development orientations and plans.

The province also made great efforts in taking measures on stabilizing the use of land. Particularly, the province fulfilled a plan on land use at all levels till 2020. The province also attached special importance to disseminating the Party and State’s policies and laws on site clearance, compensation, resettlement…

Improving the local investment climate was considered as one of main tasks regularly put forward by provincial People’s Committee over periods. The province concretized this task by organizing training courses on tax policies for enterprises and dialogues with them, helping remove their queries in production and business. The province also provided enterprise with public services on land price, natural resources-environment surveillance…, facilitating their development.

Thanks to timely support from provincial leaders, province-based enterprises reached stable development over the past time. Through policies and concrete actions, the province created optimal conditions for enterprises to work. The province also flexibly applied policies and solutions to support enterprises, helping opportunely remove their difficulties in terms of capital and consumption market for better development.

Mitsuhiro Mori, Chairman of the HCM city-based Japanese Business Association asserted that Binh Duong’s special attachment to infrastructure construction is a necessary step at foreign investors’expections. Upon this, the province will continue being an attractive destination for investors, especially ones in auxiliary industry, urban development, services…

Over the past years, Binh Duong excelled at absorbing all resources for the local development. This was also an important resource for the local industrialization and modernization. In the 2010-2015 period alone, the province’s capital mobilization for social development reached VND263trillion with the annual growth of 20%.

The province also lured nearly VND79trillion in domestic investment capital, bringing the total amount of domestic investment capital here so far to more than 146billion. Whilst, the province has to date attracted around 2,700 valid FDI projects with a total registered capital of US$24.7billion…All these things have helped Binh Duong obtain great accomplishments in aspects, becoming a locality with the country’s most flexible development.

Further opening doors to welcome investors

Till now, Binh Duong has become one of the country’s leading localities in developing industrial parks (IPs) and industrial compounds (ICs) to absorb investors. The whole province is now home to 28 IPs of 9,412 hectares with the rate of land tenancy reaching 65% and 8 ICs of 600 hectares with the rate of land tenancy at 45%. Over the past five years, the province’s total capital for construction of IPs and ICs’infrastructure got 76% of total capital approved.

With IPs and ICs built in a methodical and synchronous way, Binh Duong has become an attractive destination for investors. The province has rapidly carried out the adjustment of the local IPs planning under the Prime Minister’s Official Dispatch No.173/TTg-KTN dated January 28, 2016. Accordingly, till 2020, the province will have 33 IPs with 14,790 hectares in total. The province will also continue building and perfecting IPs and ICs’infrastructure in a bid to enhance investors’ satisfactory index.

Also thanks to having a synchronous infrastructure system together with a more open investment climate, Binh Duong has constantly received great attention of the business community at home and abroad. This is not only the honor of provincial leaders, but also their responsibility in the forthcoming time. Improving the local investment climate will also be the key for Binh Duong to further gain the set major targets.

In his recent dialogue with foreign enterprises, Tran Thanh Liem, Vice-Secretary of provincial Party Committee cum Chairman of provincial People’s Committee affirmed that the province will further realize the Government’s policy on improving the investment climate, competitiveness, promoting production and business; opportunely help enterprises remove their difficulties; mobilize all resources to perfect socio-economic infrastructure systems, especially make planning on expanding IPs in order to create “clean” land areas for enterprises, contributing to maintaining the local stable growth…

Reported by Khanh Vinh-Translated by K.T