According to the Provincial Competitiveness Index (PCI) in 2017, Binh Duong continues to lead the country in terms of infrastructure quality, with 62.3% of respondents choosing Binh Duong. This is a strong affirmation of Binh Duong in the map of investment attraction of the country; it also shows the right policy of the generations of provincial leaders through the periods when choosing infrastructure as the "backbone" for local economic development.
Persuasive indices
Infrastructure indexes are an independent indicator and are not part of the 10 components of the PCI because it is a sector that is not entirely within the decision-making power of local leaders and many Measurement is outside the control of the provincial government. However, this is a particularly useful indicator for domestic and foreign businesses and investors to make prior investment decisions and to have a positive correlation with the quality of business operations. This indicator is considered and assessed based on 4 indicators of quality of infrastructure in each locality, including: availability and quality of industrial zones; the road system of asphalt pavement coverage and the indirect costs incurred therefrom; cost and reliability of telecommunications and energy services; access to and application of information technology in the locality.
Infrastructure of Binh Duong highly appreciated by investors. Photo: Xuan Thi
For investors, the quality of infrastructure is always a guideline for all decisions to pour capital for production and business development, because this is the most important factor affecting the quality of goods, the cost price The PCI Infrastructure Index is based on the results of a survey conducted by the firm on the quality of local infrastructure and the statistical data published. In PCI in 2017, 62.3% of enterprises surveyed selected Binh Duong as having the best quality infrastructure in the country, especially for transport infrastructure and public infrastructure.
Early identification of the importance of infrastructure in the renewal and development of the economy, Binh Duong has focused on investment in the development of technical infrastructure, industrial parks infrastructure The Considering this is the task, purpose and the foundation to attract investment, urban development and socio-economic development of the province. Up to date, the industrial zone has 28 industrial zones with an area of more than 10,560 ha, high occupancy rate and 10 industrial clusters with an area of 707.8 ha. It is expected that by 2020, Binh Duong will form 34 industrial parks with a total planned area of 14,790 hectares. This is a good condition to attract domestic and foreign investment capital for industrial, service and urban development in the coming time.
Telecommunication infrastructure, mobile communication infrastructure is also Binh Duong investment with strong development with nearly 2,000 base stations; Optical cable network is equipped to most residential areas, urban centers and communes, wards and towns in the province. Meanwhile, specialized data communication network for state management agencies has been upgraded, expanded and connected 173 points to provincial departments, unions and other districts, towns and cities. city in the province.
In addition, Binh Duong is located in the southern key economic region, is one of the provinces with fast economic development, dynamic and economic potential of the region should have favorable conditions to access modern technology and large capital investment. In terms of road infrastructure, important transport routes have influenced the province's economic development, such as Pham Ngoc Thach, DT744, My Phuoc and Tan Van. These works have been creating a highly connected transport system with provinces and cities in the southern key economic region.
Infrastructure development enhanced
With a stable economy, a large population, rapid urbanization and huge demand for infrastructure in our country. In the period 2011-2015, the amount of our country spent on infrastructure for the year is $ 12.6 billion, in the period 2016-2020, this number doubled to $ 24 billion. Maintaining infrastructure development is overwhelming for the State, especially in the context of budget deficits, downward pressure on public debt and reduced development aid (ODA). The Ministry of Planning and Investment has estimated that the budget only meets one third of the annual capital requirement for infrastructure development. In the past time, Binh Duong also encountered the common difficulties of the country in finding capital to develop infrastructure. However, the province still strives to overcome difficulties to continue building infrastructure, firm development.
An assessment of the quality of Binh Duong's infrastructure, the leader of the Taiwanese Business Association in Vietnam, said that Binh Duong province has a good investment environment and modern industrial park infrastructure. Deepening of the leadership of the province has created favorable conditions for investors. As a result, foreign investment into Binh Duong has increased dramatically. Particularly for the Taiwanese business community, when studying the investment environment of Binh Duong are very secure and trust to invest here. In the time to come, there will be more Taiwanese businesses to invest in Vietnam, in which Binh Duong is the most preferred location.
Singaporean Consul General in Ho Chi Minh City Leow Siu Lin said that many Singaporean investors, after learning about the investment environment in Vietnam, decided to choose Binh Duong as their investment destination. Binh Duong is a fast-growing province with strong industry and infrastructure of industrial parks are invested modernly and synchronously so most businesses are very satisfied and assured when investing here.
In the time to come, Binh Duong will continue to develop technical infrastructure, prioritize investment in regional transport projects to connect Binh Duong with Ho Chi Minh City and other provinces in the economic region. Southern focal point. In particular, the province will continue to invest in My Phuoc - Tan Van to Bau Bang to connect with the northern urban areas and soon put the project bus route into operation; Together with that, we will study to invest in the synchronous construction of technical infrastructure systems in each urban center and the common technical infrastructure system.
Reported by Khanh Vinh – Translated by Vi Bao
