Binh Duong is the first province of the country to successfully build the model of industrial parks (IPs). After nearly 20 years of development, province-based Ips have become very attractive to domestic and foreign investors…
Further investing in infrastructure facilities
Despite difficulties, since early this year, investors of province-based Ips have still continued pouring their capital into technical infrastructure facilities. As of late September, the total capital of 24 Ips in the province was 382.9bln, up 135.9% compared to the corresponding period of last year or 95.7% of this year’s plan…
Most IPs in operation herein have
built and developed basic infrastructure facilities in terms of traffic, water,
electricity…Investors of province-based IPs have also paid attention to
creating a green space for their Ips. Especially, verdure at some Ips, namely
Dong An, My Phuoc…now account for 10%-15% of total area. Province-based Ips
have so far grown 371 hectares of green trees or 47% of total area approved. 
A glance of the Vietnam-Singapore I Industrial Park
Rapid growth in FDI attraction
Thanks to infrastructure invested in a synchronous way, province-based Ips are very attractive to investors at home and abroad.
Among 24 Ips in the province, 5 Ips of Song Than, Dong An, Viet Huong, Tan Dong Hiep A and Binh An have so far reached 100% of land under tenancy; 6 of Binh Duong, Song Than 2, Tan Dong Hiep D, My Phuoc 1, My Phuoc 2 and South Tan Uyen with 80%-99% of land under tenancy.
There are now 1,185 valid investment projects in the province, including 816 FDI projects with total registered capital of more than US$5.38bln and 369 domestic investment projects with total registered capital of more than VND24.6trillion.
In the first nine months of 2012, province-based Ips absorbed more than US$256.35mln in FDI capital, up 39.6% compared to the corresponding period of last year or 85.5% of the projection. Particularly, they licensed 45 FDI projects with total registered capital of more than US$103mln and approved 32 existing projects with their additional investment of US$153.3mln.
The whole province also drew VND1bln in domestic investment capital or 144% of 2012’s plan. Of these, provincial IPs Management Board licensed 4 domestic investment projects with total registered capital of more than VND408.1bln and approved an existing project with its additional investment of VND600bln.
Stable production and business
Despite difficulties, enterprises in province-based Ips have reached stable growth. Their total revenue in the first nine month of 2012 achieved more than VND4bln, up 9% compared to the corresponding period of last year or 73% of 2012’s plan. Of these, the foreign investment sector reached US$2.6bln, up 8% compared to the corresponding period of last year or 67% of total while the domestic investment sector reached US$1.3bln, up 10% compared to the corresponding period of last year or 33% of total.
Enterprises in province-based Ips also secured VND1.7bln in export turnover in the first nine month of 2012, up 9% compared to the corresponding period of last year or 69% of the year’s plan. Of these, the foreign investment sector reached VND1.63bln, up 8% compared to the corresponding period of last year or 93% of total while the domestic investment sector gained US$115.7mln, up 11% compared to the corresponding period of last year or 7% of total.
Also during the time, enterprises in province-based Ips paid US$101mln for State budget, up 9% compared to the corresponding period of last year or 74% of total. Of these, US$82.4mln was contributed by the foreign investment sector while US$19.3mln came from the domestic investment sector.
At present, province-based Ips generate jobs for 222,460 laborers, up 14,400 compared to the corresponding period of last year. Laborers herein enjoy the average income of VND3.3mln per capita per month, up 22.2% compared to the corresponding period of last year.
Province-based Ips have also contributed to promoting the local industrial development and shifting the local economic structure towards sustainable development…
Reported by Bao Anh-Translated by K.T
