After industry in Binh Duong Province has been vertically developed, supporting industry is now on the stage to promote in-depth development.

The first measure proposed by researching team is the consideration of capital sources which are from enteprises and State. The capital allocation would be on production and construction of manufacturing zones (by capital of enterprises) and infrastructure development (by State’s capital).

 

Favorable policies are needed for development of supporting industry. In this photo: Leather tanning line is one of the best production models made available by Saigon Tantec Co. Ltd.

However, those capital sources have not been optimized. Surveys show that supporting industry for textiles operates at lower capacity than expected. Thus, optimization is the target.

Despite strengths of investment environment and land funds, researching team recommended that favorable policies should be offered to encourage selective projects.

In 2011-2020 period, Binh Duong Province needs to prioritize investment attraction to major and advanced technology projects with fewer environment pollution. Beyond from favorable policies, environment protection measures should be applied to prompt investing enterprises to renew technology. Quality of products of supporting industry is determined by renewed technology, the surveys confirmed this. In the meantime, the renewal is more feasible in the stage of economic downturns which caused prices of equipment to decline. Therefore, the government has issued Decision No. 12/2011/QD-TTg on policies to develop supporting industry.

Other proposed measures included increases of material proportions, domestic equipments, brand names and roles of associations.

Human resources should also be considered to supply for development needs. By 2020, quality improvements should be focused on to supply local human resources.

Reported by Thanh Son – Translated by Vi Bao