Province puts focus on fostering high-quality Ips

Binh Duong has always paid attention to the construction and development of a system of urban areas and industrial parks (Ips). The current land fund of the local IPs has reached a fairly high occupancy rate. In the coming period, the task of attracting investment into province-based IPs will have a more positive, substantive and selective change. Therefore, the province is focusing on prioritizing the development of high-quality Ips to form up production chains and linkages.

Enhancing attractiveness

According to the plan approved by the Prime Minister, the province has 34 Ips with ​​14,790 hectares in total. Up to now, 29 Ips have been established, with a total area of ​​over 12,662 hectares. Among them, there are 27 IPs in operation with ​​10,962 hectares in total and the land tenancy rate of 88.13%. There are 2 Ips, namely VSIP 3 and Cay Truong, carrying out legal procedures to complete their establishment, with a total area of ​​1,700 hectares.

Production activities at Bonfiglioli Vietnam Company in the My Phuoc 3 Industrial Park in Ben Cat town

Currently, many IPs have become trademarks, helping Binh Duong to attract a lot of large-scale enterprises and multinational corporations. The local industrial park investors and secondary ones have invested in building infrastructure facilities and factories with total capital of more than VND 19.12 trillion. Bui Minh Tri, Head of provincial Industrial Parks’ Management Board said that the current land fund of the local IPs has reached a fairly high occupancy rate. In the coming period, the task of attracting investment into province-based IPs will have a more positive, substantive and selective change. Therefore, the local existing and new Ips need solutions to improve their competitiveness and attractiveness, taking full advantage of the increasing demand.

In recent years, when the industrial land fund in Di An and Thuan An cities has almost exhausted, the province has shifted to planning large-scale Ips in areas with a lot of vacant space such as Tan Uyen town, Ben Cat town, Bau Bang district, North Tan Uyen district. The province's policy of shifting industrial development to the northern region with Ips as leverage has been effective, helping localities develop industrial manufacture very quickly. The land fund for industrial park development in Bau Bang district, North Tan Uyen district, Tan Uyen town, Ben Cat town and Thu Dau Mot  is 1,000 hectares, 215 hectares, 1,630 hectares, 3,200 hectares and 765 hectares, respectively. In the coming time, the province will focus on attracting investors with hi-tech projects to the Bau Bang district-based sci-tech IP.

Associated with urbanization

Up to now, Binh Duong is one of the localities with the country’s highest urbanization rate at 82% with 3 cities and 2 towns together with a synchronous and modern traffic infrastructure system. Binh Duong is also among the country’s leading localities in industrial production and FDI attraction. In 2021, despite being affected by the Covid-19 pandemic, the province continued being named in the country’s top localities in FDI capital. So far, the province has attracted more than US$ 37 billion only after Ho Chi Minh city.

According to Mr. Tri, in 2021, although being affected by the Covid-19 pandemic, with many support solutions from the province, efforts by enterprises in overcoming difficulties, production and business activities in the local IPs still maintained stability; upheld advantages and achieved positive results. In particular, domestic investment attraction reached more than VND 3.1 trillion, exceeding 121.76% of the plan while foreign investment attraction was US$ 1.7 billion, reaching 141.65% of the plan. The amount of investment capital implemented by enterprises was US$ 2 billion or 148.55% of the plan. Along with that, the province also set up many preferential policies for investment in the local Ips while actively supporting secondary investors in Ips. With many positive and effective solutions, enterprises in province-based Ips still maintained the rhythm of production and business, created the added value of products, contributing to the local economic growth.

According to investors, Binh Duong has a good planning vision when its infrastructure system is continuously built and improved; always had orientations connecting with the southern key economic region through national highways 13, My Phuoc - Tan Van expressway... Most Ips in the province are planned and oriented for hi-quality and modern construction. Especially, the province has always accompanied investors and enterprises.

Mai Hung Dung, member of provincial Party Standing Committee, Permanent Vice-Chairman of provincial People's Committee said that Binh Duong has continued identifying industrial manufacture as the foundation whose main core is to build infrastructure of Ips in association with urbanization. The province's consistent view is to build Ips to create a driving force for socio-economic development to serve people. Upon this, Binh Duong has created a large "clean land" fund for infrastructure development, creating good and effective Ips in the eyes of investors. For the local industrial manufacture developing radically in a fast and sustainable direction, the province is focusing on implementing a right roadmap on smart city construction with major development orientations such as attracting domestic and foreign investment into hi-tech, less labour-intensive and environmentally friendly industries, improving the quality of enterprises' products to increase competitiveness in the process of international economic integration.

In the period of 2020-2025, the province has set a target of developing sustainable IPs under the “3 in 1" (IP- urban area - service area) model with a modern and synchronous infrastructure system. Currently, province-based IP are aiming at attracting investment towards sustainable development. In the coming time, the province will give priority to luring enterprises with modern production technology and high added value; increase export capacity, generate foreign currency revenue; limit projects that are likely to cause environmental pollution...

Reported by Ngoc Thanh-Translated by Kim Tin

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