Despite disadvantages of economic downturn, FDI attraction in Binh Duong still reaches good results. These results are thanks to role of investment promotion.
Perfect infrastructure
and effective investment promotion will hasten tenancy progress of IPs.
According to the provincial management board of industrial parks, Binh Duong always focuses on investment promotion to attract investment effectively. Until now, 24 industrial parks under management of the provincial management board of industrial parks have lured 1,208 projects, 837 of which are foreign-invested projects, capitalized at more than US$5.5bil. To reach this result, aside from well-invested infrastructure facility and transparent investment environment…, investment promotion greatly contributes to investment attraction. With industrial parks of My Phuoc, Viet Huong, Dong An…luring many investments, investment promotion is implemented constantly.
Regarding role of investment promotion, the provincial management board of industrial parks, said the board in the past year cooperated with industrial parks’ investors to implement 5 investment promotion trips to Korea, Japan, Canada.
Accordingly, these industrial parks have lured US$433.55mil in FDI attraction, a double increase from the previous year and reaching 145% of its set plans.
Hang Vay Chi, general director of Viet Huong industrial park, the investor of Viet Huong 1 and 2 IPs shared that to reach high efficiency in investment promotion, investment appeal should depend on time and condition to choose partners. Regarding to his real experiences, Chi said that with Viet Huong 1 IP, the company eyes small businesses whilst Viet Huong 2 IP focuses on medium and large companies. The both IPS have so far lured 91 projects, capitalized at US$300mil.
According to Becamex IDC’s experience, the work of investment promotion must be implemented synchronously and plentifully. Through businesses operating at industrial parks, IPs’ investors can approach new businesses. Hang Vay Chi added that creating good impression on old investors, they will help us gain new investors.
Meanwhile, Tran Hai Duc, a rep of Viet R.E.M.A.X Company, the investor of VIET R.E.M.A.X Industrial Park said that aside from assistance and cooperation from all level agencies, IPs’ investors should make efforts to create investment promotion. In the past year, the company held investment promotion trips to the US and EU. Many American businesses highly value well-invested industrial infrastructure and traffic network of Binh Duong province.
In this year, to reach plan on tenancy of 100-120ha and to gain about $400mil in investment promotion, the work of reinforcing all sources for investment promotion is very important. According to the provincial management board of industrial parks, to help businesses know about IPs, investment promotion is the most effective and significant bridge. However, the board noted that to reach high results in investment promotion, the IPs’ investors should have concrete plans and specific choices when joining in investment promotion trips.
Reported by T.Minh – Translated by A.C
