The northern region of the province has over time reached a rapid growth on industrial manufacture and urban areas. With its advantages in infrastructure, Bau Bang urban and industrial park has effectively absorbed investment projects and created a model of great promise in industrial, urban and service development. Fibre production at KyungBang Vietnam Co.Ltd.

Early March 12, provincial People’s Committee Vice-Chairman Tran Thanh Liem had a working session with Hungary’s S-Group PLC company to discuss approach to official development assistance (ODA) of the Hungarian Government to carry out the local projects on health infrastructure, water supply and drainage… 

The People’s Committee of Phu Giao district yesterday held a conference to review its basic construction in 2013 and implement 2014’s plan in this field.

In 2014, Di An town’s Farmers’ Society has continued promoting the emulation movement of “Good farmers in production and business” among members.

Part 1: Sustainable development of industry Only after 10 years of implementing industrialization, Di An town has reached standards of industry. In 2000s, Di An-based industrial sector reached about 90% of local economic structure. However, owing to rapid development, local industrial sector indicated many problems such as asynchronous infrastructure facility, poor ability of environmental treatment and nonstandard production technology. Continuously improving difficulties and going with businesses are essential ways to help Di An town develop sustainably.  The provincial People's Committee chairman visits Uni-President Vietnam Company.Industry given priorities Song Than 1 industrial park's birth opens development of industry for Di An town and the whole of Binh Duong province. Especially, after the day of re-establishment of the district in 1999, Di An town-based industrial infrastructure has developed rapidly. Until now, Di An town has 6 industrial parks and 2 industrial compounds with the total area of 1,059ha in which the tenantable proportion at industrial parks namely Song Than 1, Song Than 2, Binh Duong and Binh An garment and textile area reaches 100%. Meanwhile, Tan Dong Hiep A and Tan Dong Hiep B obtain more than 80% of tenantable area. The locality has about 1,000 businesses and branches inside industrial parks and nearly 1,000 companies outside industrial parks with the total infrastructure investment capital of nearly VND1,100bil, placing jobs for more than 100,000 laborers. These are impressive figures for a town located on a small area. In the golden era, Di An town-based companies joined positively in production and business. The locality reached about 90% of industrial rate, nearly 10% of trade and service, and approximately 1% of agriculture. In 2011, Di An town headed for industrial development and increased proportion of trade and service. Until the end of 2013, Di An attained 73% of industrial sector and 26.7% of trade and service and 0.5% of agriculture. Actively solving difficulties Le Van Hoang, chairman of the People's Committee of Di An town said "In the period of 2011-2013, thanks to drastically launching supportive measures for businesses and ratifying implementation of the Government's Resolutions 01 and 02/NQ-CP on key measures of solving difficulties for production and business and bad debts, the town People's Committee launched key measures focusing on implementing 3 strategic breakthroughs effectively. Especially, the locality focused on administration reform and prevention of strikes and go-slows". Thanks to launching the mentioned measures, businesses' production and business in 2013 reached encouraging results with industrial production value of VND45,390bil, accounting for 100.34% of its yearly plan. Le Van Hoang added that though economic situation was improved significantly, there were many companies suffering tax debts and temporary operation. Exemption and reduction and extension of some taxes impacted on loca budget collection in the past year. Continuing to support companies Although Di An town obtains many remarkable changes, local industrial sector still exists shortcomings. At present, many enterprises have faced losses and shortage of capital and so on while life of some laborers and low incomers remains difficult. Removal of workshops triggering environmental pollution and settlement of industrial post-development remain uncompleted. Amid difficulties of economy, chairman of the town People's Committee stressed "To get an industrial growth of 15%-16%, Di An town has positively implemented 3 breakthroughs of the Government. Particularly, the locality has focused on transferring function of small and separate industrial parks and compounds under ineffective operation to models of high value service. The locality will encourage to develop hi-tech industrial sector, research, training and hi-tech centers. Initially, the local administration will cut pending works and projects and restore and help businesses facing difficulties.                                                                                               Reported by B.Anh - Translated by A.C

The province’s industrial production value has reached stability with most immigrant laborers returning to work after the traditional Tet (Lunar New Year) festival.  

This was the newest report by provincial Department of Agriculture and Rural Development. During the 2012 and 2013 period, the local agricultural sector reached an annual growth of 4%. Its proportion accounted for 3.8% of the province’s economic structure with the average production value of VND90mln per hectare.

The FPSO unit before the name “PTSC Lam Son” given at a ceremony (Photo: VNA)

The Vietnam Chamber of Commerce and Industry (VCCI) and the Vietnam Women's Union Central Committee has just held a ceremony to present the Golden Rose Cup Award 2013 to 100 outstanding Vietnamese women entrepreneurs. Dang Thi Kim Oanh, General Director of Kim Oanh Real Estate Joint Stock Company (JSC) was honorable among these women. Dang Thi Kim Oanh (first line’s third left) awarded the Golden Rose Cup Award 2013 on the occasion of International Women’s Day

Concerned about the political uncertainties in Thailand and the decreased attractiveness in China, Japanese tend to head for Vietnam, where they will not be bothered by political problems and can enjoy attractive investment incentives. In November 2013, Fuji Xerox put its $120 million printing machine and photocopier factory in the Vietnam-Singapore Industrial Park in Hai Phong City into operation. The license was granted to the Japanese investor in late 2012. Fuji Xerox is one of a lot of Japanese investors who have shifted their business to Vietnam. In this case, the Japanese investor has just relocated a part of its production base to Vietnam in an effort to disperse the risks in China. However, Atsusuke Kawada, Chief Representative of the Japan External Trade Organization (JETRO), can see the important significance in the case. According to him, the decision by Fuji Xerox showed that Japanese have begun moving their important production units, including the ones in the high added-value fields such as electronics, to Vietnam. Prior to that, observers noted that Japanese investors flocked to Vietnam just to take full advantage of the cheap labor force here. This was why they only registered the projects in the labor intensive business fields in Vietnam. While the Japanese investments in China and Thailand have scaled down, the Japanese additional investments in Vietnam have increased steadily. The sharp fall in the investments in China has been highlighted in the report about Japan’s outward investments in 2013. The Japanese capital flowing to China dropped from $13.479 billion in 2012 to $6.497 billion last year, while the capital to Thailand dropped from $7 billion in 2011 to $2.5 billion in 2013. Meanwhile, the number of expanded investment projects in Vietnam has been increasing rapidly from 35 in 2010 to 125 in 2013, with the additional investment capital increasing from $169 million in 2010 to $4.453 billion in 2013. The new projects include the huge ones such as the Nghi Son petrochemical oil refinery capitalized at $2.8 billion, Bridgestone’s project ($650 million), Panasonic Industrial Devices ($175 million) and Saigon Precision $130 million. “In Vietnam, Japanese can find the things they cannot find in other countries,” the JETRO’s Chief Representative explained. Thailand is believed to have better infrastructure items than Vietnam, but it does not have the peaceful environment and low cost labor force. Especially, Kawada highly appreciates the Vietnamese labor force. “Vietnamese are very diligent and hard working, which can be reflected in the lower numbers of workers’ days-off than in other countries,” he said. “Besides, it is easy to recruit workers in Vietnam, while employers do not have to pay too high to employ workers.” JETRO has found from its surveys that every Vietnamese worker at Japanese invested enterprises received $3,000 in 2013 on average. The level was higher than Laos, Cambodia and Myanmar, but just equal to 1/8 of that in Singapore and ½ in Thailand. Therefore, it is not a surprise that 70 percent of Japanese investors in Vietnam plan to scale up their business in the future, considering Vietnam as their important production bases                                                                                                                                           VietNamNet Bridge

A business delegation from Japan’s Saitama province with 24 members representing 22 large-scale companies in industries of auxiliary industry, office equipment, telecommunication equipment, electronics…, on March 7, visited Binh Duong and learnt about the local investment climate. Le Thanh Cung, Chairman of provincial People’s Committee and leaders of some sectors received the delegation.

Until now, cultivation area applied new technology in the province has reached 372.5ha while breeding industry has had 83 chicken farmsteads with 3.33 million fowls and 42 pig farms and 2 meat pig companies with 117,063 pigs. In the urban agriculture industry, there are 504 individuals and organizations developing farms on the total area of 117,06ha. In addition, the hi-tech agriculture areas have been perfect and developed on the large scale.

In the first two months of 2014, Japan continued taking the lead among FDI projects flowing into Binh Duong. With a faith on Binh Duong’s favorable investment climate, many Japanese investors have urgently implemented their investment projects in Binh Duong so that they could be put into operation soon. Hi-grade light bulbs being manufactured at a Japanese-invested company in Thuan An town-based Dong An Industrial Park 

Early March 6, provincial People’s Committee Chairman Le Thanh Cung had a working session with Mr.Yasuo Nishitohge-General Director of Aeon Vietnam Co.Ltd. under the Japan-based Aeon Group-one of the world’s top retailers, investor of the Aeon Binh Duong trade center project with a total investment capital of US$95mln in Thuan An town.

The Finance Ministry has proposed increasing land rental rates as part of a draft decree on land rental, water surface rental and land use fees that will likely be submitted to the Prime Minister next month.