Under provincial People’s Committee’s Plan No.96/KH-UBND dated January 10, 2018 on the realization of the Government’s Resolution No.01/NQ-CP dated January 1, 2018 to further promote sustainable socio-economic development and make the shift of economic structure towards the growth of services and industrial manufacture, since early this year, 86.9% of investment projects in the province have been arranged into industrial parks (Ips), which is in line with the local orientation on investment attraction at requirements of environmental protection.
Ips attract over US$12billion
Since early this year, province-based Ips have absorbed additional 51 new FDI projects with a total registered capital of US$266.1million and 24 extra-ones with US$172million. Thus, they have had a total of 1,914 valid projects, comprising of 1,385 FDI projects capitalized at US$12.1billion and 529 domestic ones totaling more than VND50.23trillion.
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Production line of Kwang Yang
Province-based Vietnam-Singapore Industrial Parks (VSIPs) have also lured another 2 domestic projects with a total registered capital of more than VND2.97trillion, 15 FDI projects with a total registered capital of US$60million and 75 extra-ones. So far, they have lured 37 domestic projects with a total registered capital of more than VND8.64trillion and 532 FDI ones with a total registered capital of US$7.8billion.
Processing and manufacturing industries have continued luring more investors with 114 newly-registered projects and 83 extra-ones with more than US$1.12billion or 84.2% of total FDI capital flowing into the province since early this year…
Mitsuhiro Mori, Chairman of HCM city-based Japan Business Association affirmed that with a well-built infrastructure system plus open policies to absorb human resources, increasing infrastructure investment is very necessary for Binh Duong province at foreign investors’ needs. Upon this, the province will continue being an attractive destination for investors from
Further facilitating investment attraction
Over the past time, the province took solutions on calling for investors and boosting administrative procedures. The province also flexibly implemented solutions to help enterprises remove their difficulties, creating the best conditions for them to work effectively. All helped enterprises, especially those at province-based IPs to reduce production costs, improve their competitiveness for better development.
At a recent meeting with South Korean businesses in the province, Park Noh Wan, Consul general of South Korea in HCM city spoke highly of the efforts by provincial leaders in organizing dialogues with foreign investors, including South Korean enterprises, thereby not only promoting cooperation, but also helping them remove obstacles in production-business for better development. This is also the condition for South Korean investors to boost investment in the province in the coming time.
The province is now home to 28 IPs. In the new period, the province will continue upholding the local experience in developing infrastructure facilities of Ips, absorbing more investors…
Representative of Becamex IDC said that the province’s point of view is to build Ips in order to make a motivation for socio-economic development. Upon this, the province has created thousands of hectares of “clean” land to build infrastructure facilities of Ips. Noticeably, all Ips of the province are constructed with capital from socialization.
Nguyen Thanh Truc, Director of provincial Department of Planning and Investment said that over the past years, the province bent on developing infrastructure facilities of Ips plus a modern and synchronous traffic system, making the local investment climate get better towards sustainable development. All contributed to helping the province absorb more great corporations.
Reported by Khanh Vinh-Translated by K.T
