Part 2: Province-based industrial parks in the eyes of investors
Industrial parks (IPs) always play an important role in investment attraction. In the eyes of investors, especially foreign ones, province-based IPs have become a well-known trademark to attract them.
Impressive figures
Province-based IPs have so far lured a large number of investment projects and capital, including My Phuoc IPs with 367 projects capitalized at more than US$2.9bln, Bau Bang IP with 38 projects worth more than US$160mln, VSIP 1 and VSIP 2 with more than 400 projects totaling more than US$3bln, Dong An IPs with 142 projects valued at nearly US$500mln and more than VND2.5trillion…
Electric motors being produced at a FDI business
Noticeably, capital sources flowing into province-based IPs have been quickly implemented by investors. According to provincial IPs Management Board, there are 840 businesses in operation in the IPs of Song Than, Tan Dong Hiep, South Tan Uyen, Dai Dang, My Phuoc, Bau Bang, Dong An…, 461 of which are FDI ones.Despite the impacts of the global economic downturn, the province still obtained positive results in investment attraction in the first quarter of 2011. VSIP 1 and VSIP 2 drew 4 new FDI projects and 5 extra-ones with US$144mln. The remaining IPs also lured US$48mln from FDI businesses and VND553bln from domestic ones…
Satisfaction from businesses
Province-based IPs have been highly appreciated by investors, especially foreign ones. One of the main reasons for this is that the province has well-built infrastructure that is capable of meeting investors’ requirements.
Regarding province-based IPs, Shiniji Fuchigami, Director of Hotta Vietnam Co.Ltd. (Japan) said: “We have decided to select Binh Duong for investment as it has IPs with well-built infrastructure. In the coming time, Hotta Vietnam Co.Ltd. will further invest another 2 to 3 factories to improve its production capacity at market demand”.
Meanwhile, Shannon Masrin, Director of Lautan Luas Vietnam Co.Ltd. under Singapore’s Lautan Luas Corporation said that Binh Duong has well-built infrastructure. This is also an important factor for the company to expand its production herein. Particularly, the company will expand its factory in the South Tan Uyen IP to 9 ha with a total investment capital of more than US$20mln.
Song Ghi Hwan, General Director of Sunwood Vina Co.Ltd. under South Korea’s Sun Chang ITS Corporation and Mathieu Mamere, General Director of Chantelle Vietnam Co.Ltd. under France’s Chantelle Corporation have also highly spoke of province-based IPs’infrastructure…
Reported by Trong Minh-Translated by K.T
