In recent years, with the attention, guidance, investment and support of the province, along with the dynamism of local leaders, the economic sectors of Ben Cat town have developed fairly and stably; Effective industrial parks open up many opportunities for local development.
Attracting foreign investment is one of the key solutions for the development of Ben Cat town. In the photo: Production activities at Punch Industry Manufacturing Vietnam Co., Ltd. (My Phuoc III Industrial Park, Ben Cat town). Photo: Thoai Phuong
FDI capital reached over USD 6.6 billion
Currently, in Ben Cat town, there are 8 industrial parks with a total area of over 4,000 ha, a concentrated production area in Tan Dinh ward with an area of nearly 50 ha. In recent years, these industrial parks and concentrated production areas have promoted their effectiveness in attracting investment. Industrial zones in the province are built with synchronous and modern technical infrastructure to meet the requirements of investors.
Dao Ngoc Huy, Director of the Eastern Bibica Company (My Phuoc I Industrial Park), said the company has 100% domestic capital, specializing in manufacturing and trading all kinds of confectionery. Since its inception (in 2007), the company is constantly growing, the average annual revenue is 300 billion dong. The company chose Ben Cat town to invest because industrial parks here have complete infrastructure, meeting the requirements of the company.
Up to now, there are 3,789 domestic and foreign investment projects in the town with a total capital of nearly 35,000 billion dong and over 6.6 billion USD. Particularly, from the beginning of the year until now, the town has attracted 263 investment projects with a total registered capital of 1,564 billion dong and nearly 270 million USD, of which domestic investment has 218 projects, foreign investment (FDI). There are 45 projects. Particularly in the first 8 months of 2019, there were 286 small and medium-sized enterprises established in the town (up 11.8% over the same period last year), bringing the total number of small and medium-sized enterprises so far in the area. nearly 1,500 businesses. Investment projects in the town so far have created regular jobs for nearly 180,000 local and non-provincial workers.
The project works effectively
In recent years, the rapid pace of urbanization, industrialization and modernization in Ben Cat town has contributed significantly to attracting many investors to do business, thereby promoting the industry of local development. Up to now, the town has attracted many foreign investors with large and effective project scale.
Typically, a project of automobile tire factory of Kumho Asiana Group (Korea) with a total investment of over 360 million USD, specializing in manufacturing tires; factory project of Orion Vina Food Co., Ltd. (Korea) with total investment capital of 70 million USD in My Phuoc II Industrial Park. Built and put into operation since 2006, the plant has grown so far; Products are exported to 48 countries around the world; Average revenue of 30 million USD / year.
Project Kaiser Wood Industry Co., Ltd., 100% capital of Taiwan (My Phuoc I Industrial Park) has a total investment of 70 million USD, went into operation in 2004 with 6,000 employees. Each month the company exports from 800 to 1,000 containers of goods to the US market; The annual turnover reaches from USD 100 million or more. In 2019, the company strives to export 1,200 containers of goods or more. The company is opening a workshop of more than 20 hectares in Rach Bap Industrial Zone. This factory is expected to create jobs for more than 3,500 employees, greatly contributing to the local socio-economic development.
Mr. Ta Canh Phung, Director of Kaiser Vietnam Wood Industry Co., Ltd., shared that after establishing, the company encountered many difficulties in legal procedures. Thanks to the support of local authorities, the company has been put into stable operation. In addition, the security and order situation in the area are guaranteed, so the company is assured of production and business. In the coming time, the company will develop more Kaiser 2 and 3 Company with an area of 20 - 90 ha in industrial zones in Ben Cat town.
Only from the beginning of 2018 until now, industrial parks in the town continue to attract many new investment projects and have come into operation, such as Yue Chang Co., Ltd. and Machinery Co., Ltd. & Saw Blades Manufacturing, Khang Duy Steel Joint Stock Company, Bogo Eng Vina Co. Ltd. ...
Improve competitiveness
Ben Cat town has a synchronous traffic system. The highlight of local economic development is that industrial zones are connected via key transport routes such as Highway 13, DT744 to Ho Chi Minh City and provinces and cities in key economic regions. southern point. Meanwhile, My Phuoc - Tan Van road, Xuyen A road, Ho Chi Minh road, ring road connect inter-region and become an important bridge between the town and airport, seaport of the key economic region to the side. Nam to transport import and export goods smoothly and quickly
DT748 roads, ring roads, are creating many favorable conditions in trade, helping investors in the town significantly reduce the time and transportation costs. These advantages have helped the local attract more domestic and foreign businesses to invest and contribute to the town's maintenance of high economic growth over the years, typically in 2018 reaching 23.5%.
In order to ensure stable and sustainable development, in recent times, the town has promoted economic development in the direction of increasing the proportion of industry and services; Agricultural sector develops in the direction of commodity production. Besides, the town focuses on improving the efficiency and competitiveness of businesses and other economic sectors. The town is also interested in building and developing clean agricultural production areas, developing tourism, building new rural areas.
According to the leader of Ben Cat town, in recent years, thanks to effective investment attraction, the local industry has accelerated, creating high industrial production value, creating jobs and great revenue sources for the locality. . It is worth mentioning that, in the area of the current town, beside industrial zones, there are modern urban areas planned in a synchronous manner, combined with industrial parks to create a driving force for the development of trade and services. Thereby, there has been a strong impact for the locality to comprehensively develop and improve people's lives.
Reported by Thoai Phuong – Minh Duy – Translated by Vi Bao
