The speed of urbanization, industrialization and modernization in Ben Cat town has been happening quickly, which has contributed significantly to attracting many investors, boosting the local industry to develop strongly.
Ben Cat Town has been focusing on attracting investment, improving the business environment, creating favorable conditions for businesses to operate. In the photo: Manufacturing furniture at Kaiser Furiniture Company (My Phuoc 2 Industrial Park, Ben Cat Town)
Breakthrough by industry
Promoting potentials and advantages, Ben Cat Town always identifies industry as a breakthrough, a driving force for growth and accelerating economic restructuring. In 2019, with the active participation of both the political system and the efforts of the business community (enterprise), industrial production in the province continues to have prosperity, especially attracting foreign investment. (FDI) increased significantly over the same period. The economic growth rate in 2019 is 23.5%.
Currently, Ben Cat Town has 8 industrial parks (IZs) with a total area of over 4,000 ha, a concentrated production area in Tan Dinh ward with an area of nearly 50 ha. Industrial zones in the town are built with synchronous and modern technical infrastructure. With the synchronous implementation of solutions, up to now, the industrial zones in the province attracting FDI have mainly focused on supporting industries with high technology and large investment capital.
For example, the manufacturing factory of Orion Vina Food Co., Ltd. (Korea) with a total investment of 70 million USD in My Phuoc II Industrial Park, went into operation in 2006, up to now, constantly developing and promoting production export. The company's products are exported to 48 countries. Average revenue from 30 million USD a year. Kaiser Wood Industry Co., Ltd, 100% capital of Taiwan (My Phuoc I Industrial Park) has a total investment of 70 million USD, went into operation in 2004 with 6,000 employees. Each month the company exports from 800 - 1,000 containers to the US market. The average annual turnover of the company reaches USD 100 million or more. Currently, the company is expanding production with more than 20 hectares in Rach Bap Industrial Zone, will create jobs for more than 3,500 employees, greatly contributing to the socio-economic development of the locality.
In the town, there are many foreign enterprises investing in bringing high economic efficiency, such as: Automobile tire factory of Kumho Asiana Group (Korea) with a total investment of over 360 million USD. , specialized in manufacturing tires; Huge Bamboo Textile Industry Co., Ltd. specializes in manufacturing, processing, weaving, dyeing fabrics and garments; Eastern Bibica Company ... So far, the IPs have attracted many new projects and have come into operation, such as: Yue Chang Co., Ltd., Machinery & Saw Blades Manufacturing Co., Ltd., Zin Dar Viet International Company Nam, Khang Duy Steel Joint Stock Company, Viet Nhat Refrigeration Co., Ltd, Bogo Eng Vina Co., Ltd ... Thereby, the rate of filling industrial zones in the area increased every year, industrial production has prospered.
Good environment
The above positive results show that the town's solutions in promoting and supporting production and business enterprises have been effective. Mr. Ta Canh Phung, Director of Kaiser Vietnam Wood Industry Co., Ltd. (My Phuoc 1 Industrial Park, Ben Cat Town), said that when establishing the company, he faced many difficulties in legal procedures but was supported. of local government, so the company has been put into stable operation. In addition, the security situation in the area is guaranteed, businesses are assured of business. Therefore, in the near future, the company will develop more Kaiser 2 and 3 Company, with an area of 20 - 90 ha in industrial zones in Ben Cat area.
Implementing the policy to attract investment in industrial development, the town has directed branches and localities to synchronously deploy solutions, creating a favorable environment for businesses to do business and production activities. Since the beginning of the year, the town has attracted 132 projects, of which 115 projects have been invested domestically with a total capital of VND 415 billion; foreign investment 17 projects, total registered capital of 20.9 million USD; 16 foreign projects increased their capital by 112.1 million USD. Up to now, there are 4,386 projects in the town, including 3,667 projects with domestic investment, total capital of VND 38,410 billion; Foreign investment 719 projects, total registered capital of more than 7 billion USD. Attracting businesses to invest in production and business in the town has contributed to creating regular jobs for nearly 180,000 employees. In addition, since the beginning of the year, the town has also developed 113 small and medium-sized enterprises, bringing the total number of small and medium-sized enterprises in the area to 2,141 enterprises.
According to Mr. Nguyen Trong An, Chairman of Ben Cat Town People's Committee, having the above results, together with the general guidelines, the mechanism of the town has created favorable conditions for businesses to do business. The functional branches have actively supported production, increased grasp of the business and production situation of enterprises, proposed and advised solutions to remove difficulties; promote information, market forecasts, timely orientation to maximize the production capacity of enterprises. Along with that, the town promotes improving the investment environment, business and production associated with the reform of administrative procedures, reviewing, removing barriers and perfecting mechanisms and policies to improve investment efficiency.
In 2020, the town strives to increase the industrial production index by 17.1% and the industrial production value to reach VND 127,000 billion. To achieve the above goal, in addition to continuing to implement the proposed solutions, the town directs the branches and localities to continue promoting activities to attract investment; have a mechanism to devote clean land fund to receive projects using high technology, friendly with environment, fast implementation progress, and great contribution to the budget. At the same time, the town focuses on promoting administrative reform, creating a favorable investment environment and improving the competitiveness index.
Reported by Thoai Phuong – Translated by Vi Bao
