To enhance investment attraction of industrial parks

To enhance business and investment opportunities for foreign enterprises in the province, Binh Duong is accelerating the development of infrastructure for industrial parks as planned. This includes the prompt completion and operationalization of the scientific and technological industrial park, as well as the establishment of high-tech industrial parks, and the development of supporting and mechanical industries.

Binh Duong continues to invest in new and expand existing industrial parks but aims for higher standards in science - technology and environmental protection. In photo: Bau Bang Industrial Park

 Soon complete industrial park infrastructure

Up to now, Binh Duong has had 29 industrial parks (IPs) established (of which 28 IPs have come into operation). The operational industrial parks have high occupancy rates, positioning Binh Duong among the top localities attracting foreign direct investment (FDI) and leading industrial development in the country.

Currently, Binh Duong Industrial Parks’ Management Board is organizing the preparation of tasks and the General Construction Planning Project (scale 1/5000) for the specialized mechanical industrial park (Bac Tan Uyen 1 Industrial Park), expected to be built in Tan Uyen City and Bac Tan Uyen District. This industrial park covers approximately 800 hectares and aims to attract mechanical industries focused on high technology, automation, and reduced labor intensity. In addition, the Management Board has completed the local adjustment of the Zoning Plan (scale 1/2000) of My Phuoc 1 Industrial Park and My Phuoc 2 Industrial Park; has appraised and approved the Detailed Construction Plan (scale 1/500) of Vietnam - Singapore Industrial Park 3 (phase 2) with an area of 803.55 hectares and the Detailed Construction Plan (scale 1/500) of Cay Truong Industrial Park with an area of 700 hectares. The Management Board is also working on the General Construction Planning Project for Dat Cuoc Industrial Park (scale 1/5,000).

Mr. Nguyen Trung Tin, Head of Binh Duong Industrial Parks’ Management Board, said that in 2024, Binh Duong is accelerating the expansion of industrial park areas according to the planning approved by the Prime Minister. Following the approval of the Vietnam - Singapore Industrial Park 3 Planning Project (Phase 2), which covers over 800 hectares, and the Cay Truong Industrial Park, spanning 700 hectares, work on these industrial parks is progressing actively. Efforts are being made to complete the infrastructure and prepare clean land to attract new investment capital flows.

Representatives of Vietnam - Singapore Industrial Park introduce the industrial park infrastructure to investors

More new opportunities

A total of 28 industrial parks are now operational in Binh Duong, boasting an impressive occupancy rate of nearly 94%. This makes Binh Duong the locality with the highest industrial park occupancy rate in the country. In the first ten months of 2024, businesses within these industrial parks have continued to operate stably. Binh Duong is actively advancing the implementation and investment in industrial park infrastructure according to its plans. The province is preparing adequately to meet the needs of investors, thereby enhancing the effectiveness of cooperation. It is also seizing opportunities presented by the fourth industrial revolution to attract new FDI flows. Currently, Binh Duong is promoting policies and providing support to facilitate the transition of industrial production facilities in the southern part of the province towards the development of trade, services, urban areas, and high-tech industry in line with regional planning.

Mr. Mai Hung Dung, Member of Provincial Party Standing Committee, Permanent Vice Chairman of the Provincial People's Committee, said that Binh Duong plans to attract investment in high-tech sectors in the coming time. To realize this task, Binh Duong is creating favorable conditions for investors to soon build mechanical industrial parks and supporting industrial parks in the province. Mechanical industrial park not only serves the automotive sector but also expands to many other industrial sectors. The Provincial People's Committee has asked the Binh Duong Industrial Parks Management Board to work with relevant units to promptly finalize the procedures for adjusting investment policies for the Dai Dang, Rach Bap, Dat Cuoc, and Song Than 3 Industrial Parks… This is aimed at ensuring these industrial parks can operate smoothly and create favorable conditions for attracting investment.

Permanent Vice Chairman of the Provincial People's Committee Mai Hung Dung said that Binh Duong is further increasing land funds for industrial park development; preparing well conditions, satisfying investors' needs to enhance cooperation efficiency; effectively exploiting opportunities from the fourth industrial revolution to proactively welcome new FDI capital flows. In addition to the key projects being implemented, Binh Duong continues to implement the Ho Chi Minh City Ring Road 4 section passing through the province, the Ho Chi Minh City - Thu Dau Mot - Chon Thanh expressway; at the same time, complete many district-level roads, connecting inter-regional and intra-regional routes, creating convenience in the trade of goods to airports and seaports. With many solutions, such as improving the business environment, accompanying investors and businesses, focusing on completing infrastructure, etc., industrial parks continue to be the driving force for the province's economic growth.

 Reported by Ngoc Thanh - Translated by Ngoc Huynh