Part 1: More successes
Over the past years, industrial parks (Ips) played an important role in the economic development process of the province and were seen as a key foundation during the process. To help Binh Duong gain more achievements and become one of the centrally-controlled municipalities by 2020, province-based Ips will further bring into full play their role in the local industrial development.
Great investment
The whole province is now home to 29 Ips with a total area of 9,425 hectares. Of these, 27 are operational with a total area of nearly 8,870 hectares.
Possibly speaking, province-based Ips have greatly contributed to the local economic development. Industrial manufacture now accounts for 60.8% of the local economic structure.
Tran Thanh Liem, Vice-Chairman of provincial People’s Committee having a look at the electronic circuit board production line of a Japanese-invested firm at My Phuoc 3 IP
Being among the country’s best Ips, province-based ones have so far worked on smoothness with the land tenancy rate of more than 65%. According to provincial People’s Committee,
out of the US$1.53bln of FDI capital invested in Binh Duong in 2014, nearly US$1.37 was poured into province-based Ips or 89.3% of total. The result has brought the total number of projects flowing into the province so far to 1,774, including 1,361 FDI projects capitalized at approximately VND12.2bln and 413 domestic ones totaling nearly VND33trillion.
Noticeably, province-based Ips lured additional large-scale FDI projects in 2014. Nam Phuong Textile Co.Ltd., a joint venture between
Apart from fresh FDI projects, operational ones decided to increase more capital in the province. KyungBang
Facilitating enterprises’ development
Despite difficulties, province-based Ips saw a sharp increase in investment capital flow, showing that they have continued being selected as the first destination for investors.
Explaining the above result, Le Hung, Deputy Head of the VSIP Management Board said that province-based Ips have always had good preparations in terms of infrastructure with optimal services. Besides, the province has a favorable investment climate with the signs of transparent and modern administration that is determined to implement by the local government and people by the event of inaugurating provincial
Tran Van Lieu, Head of provincial Ips Management Board said that many operational enterprises have recently decided to increase capital in the province because of good business. The province has also attracted investment projects in auxiliary industries and hi-tech ones, contributing to promoting the local sustainable industrial development.
Meanwhile, Le Thanh Cung, Chairman of provincial People’s Committee said that enterprises’ investment into province-based Ips has been very effective, positively contributing to the local economic growth. Along with province-based Ips’good preparations regarding infrastructure, clean land fund, the province has zoned a specialized area for auxiliary industries, supplying production materials for enterprises in the province and the Southern key economic zone. The province will also create the best favorable conditions for enterprises to effectively work herein.
Reported by Trong Minh-Translated by K.T
