To imbue new attractiveness to industrial parks

The outstanding advantage of Binh Duong compared to other localities is the infrastructure of transport and industrial parks with high connectivity to meet the production and business requirements of enterprises. Currently, the province is speeding up the implementation progress of investing in infrastructure construction and well preparing conditions to satisfy the needs of investors in order to enhance cooperation efficiency, exploit opportunities, and actively welcome new FDI inflows.

Binh Duong always focuses on developing a synchronous transport system, creating a driving force for socio-economic promotion

To prepare infrastructure

According to the planning approved by the Prime Minister, Binh Duong has 33 industrial parks on a total area of 14,790 hectares. Currently, the province has established 29 industrial parks on a total area of more than 12,662 hectares; of which, 27 have been put into operation on a total area of more than 10,962 ha, 2 industrial parks have been approved by the Prime Minister to adjust investment policies which are VSIP 3 and Cay Truong on a total area of ​​ 1,700 hectares. Along with that, the province will re-plan to existing industrial parks to increase land use efficiency, and expand Nam Tan Uyen and Rach Bap industrial parks.

In such context, Binh Duong provincial Management Board of Industrial Parks continues to identify the key tasks of supporting and creating favorable conditions for investors, and accompanying enterprises in production and business activities to strive to complete the goal of attracting investment in industrial parks by 2023 at about USD 1.2-1.3 billion of FDI capital and VND 1,100-1200 billion of domestic investment capital resources. Accumulated to March 2023, Binh Duong industrial parks have 3,034 valid projects including 2,355 FDI projects with a total registered capital of more than USD 28.419 billion and 679 domestic investment projects with total registered capital of more than VND 88,296 billion.

According to Nguyen Trung Tin - Head of the provincial Industrial Parks Management Board, the unit will continue to innovate and further improve policies and adjust the goals and development orientations of industrial parks to adapt to the currently new context. Accordingly, the construction and development of industrial parks of the province will be more intensive as the provincial People's Committee is implementing the procedures for supporting mechanical industrial parks and continuing to review the planning and remove difficulties and obstacles for other industrial parks. The Management Board of Industrial Parks is also working closely with the investors of the infrastructure of industrial parks, especially VSIP 3, so that investors can soon implement production projects in the near future.

Nguyen Phu Thinh - General Director of VSIP Industrial Park Joint Venture Company Limited, said that investors, especially those from Europe and the USA, are greatly demanding for the quality of infrastructure and accompanying services. In order to prepare facilities to welcome more and more quality investment capital, VSIP Group is continuing to expand new industrial parks to welcome more investors towards sustainable standards, raising the level of development of a simple industrial park model to a green, smart and sustainable industrial park model, typically VSIP 3.

To fabricate new attractiveness

In order to continue to develop more and more sustainable industrial parks, the provincial industrial parks are taking the initiatives in all solutions to attract increasingly quality and effective investment capital resources. The province is also preparing well conditions such as clean land fund, proactively planning industrial parks, technology ecosystems, implementing human resource training, building social housing, housing for workers, and providing adequate and timely labor resources for businesses to invest in the province.

Binh Duong is making a provincial plan for 2021-2030 with a vision to 2050, which is expected to continue to invest in new and expand existing industrial parks towards higher standards in science and technology with environment protection, focusing on attracting industries that bring high added values and meet increasingly strict standards of international investors. Currently, the province is focusing on establishing a science and technology industrial park on an area of 400 hectares in Bau Bang district and procedures for expanding Nam Tan Uyen, Rach Bap and Cay Truong industrial parks according to regulations. At the same time, they study options for upgrading and converting existing industrial parks into supporting industrial parks, ecology, innovation, industrial - urban - service zones in line with the new orientation of the Binh Duong urban area in 2021-2030 with a vision to 2050.

According to Pham Trong Nhan - Director of the Department of Planning and Investment, Binh Duong always focuses on developing a synchronous transport system, building infrastructure of industrial parks associated with urbanization, and creating a driving force to promote the socio-economic development of industrial parks. Due to the complete technical infrastructure and convenient connections, Binh Duong's industrial parks are already more than 90% filled. In addition to supporting and creating favorable conditions for businesses, the Department of Planning and Investment cooperates with the Management Board of industrial parks in the province to promote investment in infrastructure construction to attract more production projects to industrial parks, and strengthen the improvement of the investment environment under favorable conditions and support for enterprises to develop production and business operations.

It can be seen that the current land bank of industrial parks in Binh Duong has reached a fairly high occupancy rate. Existing industrial parks and new ones are having many solutions to improve competitiveness and attractiveness to take advantage of the increasing demands of investors.

Reported by Ngoc Thanh – Translated by Vi Bao