Binh Duong has over time seen a sharp rise on hi-tech projects, greatly contributing to promoting the local sustainable industrial development.
A lot of hi-tech projects
Since early 2012, Binh Duong has absorbed a series of hi-tech projects, including the computer components plant project of Finecs Vietnam Co.Ltd. under Japanese Finecs Group. It is expected that the US$7mln project will be put into operation in the Vietnam-Singaporean 1 Industrial Park in December ahead.
Hi-tech products being manufactured at a FDI company
in Binh Duong Province-based hi-tech projects have also decided to
increase their investment capital for production expansion at clients’demand.
Particularly, Nitto Denko Vietnam
Co.Ltd. , which is specialized in manufacturing Flexible Printed Circuits (FPC)
products, mobile equipments...with a total initial capital of US$50mln, has
increased its investment capital by US$24.5mln in order to lift capacity of up to
450mln products per year. II-VI Vietnam Co.Ltd in VSIP 1, mainly manufacturing
infrared materials, optical glasses…, has also increased its investment capital
by VND15.55mln for production expansion.
Binh Duong has also granted investment license to many other hi-tech projects, comprising of Meiwa Vietnam Co.Ltd. specialized in manufacturing plug chips and industrial robots in the My Phuoc 3 Industrial Park; Japan Vietnam Forging Co.Ltd. specialized in manufacturing supportive components…
Possibly speaking, the absorption of many hi-tech projects will actively affect the province’s industrial growth as they have created big values in terms of industrial manufacture and export. For example, only with nearly 70 technical workers, the South Korean-invested DJV Co.Ltd. in the My Phuoc 3 Industrial Park, which is specialzied in manufacturing and supplying supportive products such as LED monitors, car components for big groups in the world, has reached the annual export turnover of more than US$12mln.
Favorable investment climate
It is a good sign when the world’s big groups have selected Binh Duong to implement hi-tech projects. This shows that Binh Duong is always an attractive destination for foreign investors.
In the investors’ point of view, well-built infrastructure is one of the highlights of Binh Duong’s investment climate. Binh Duong has also special importance to training human resources. Currently, Binh Duong is home to 7 universities, 7 colleges, 13 junior colleges and 30 vocational training facilities, contributing to training hi-quality human resources at enteprises’requirements.
Realizing that laborers play an important role in the local socio-economic development, Binh Duong has over time paid attention to their spiritual and material lives via many practical actions. Along with incentive policies for laborers, the local authories have also attached special importance to build public works such as social housing projects, entertainment areas, schools, hospitals…to serve them.
Hence, Binh Duong is now a reliable address for workers to live and work. This has helped Binh Duong have a stable workforce, making attraction to investors. Wada Yuji, General Director of Sun Steel Joint Stock Co. said: “We have big trust in Binh Duong. Athought the world’s economy is still difficult, we have bravely increased our investment capital by US$120mln for production expansion”.
Reported by Trong Minh-Translated by K.T
