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Economics

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Smart city – the promotion of investment attraction

Experts assess and build a smart city, in addition to creating a new breakthrough for Binh Duong, also contributing to attracting investors with high levels of science and technology into the locality. According to the orientation of the Binh Duong Smart City Project, the coordination of triple helix (the State - the school - the enterprise) to promote scientific research, is considered a premise for sustainable socio-economic development in the coming time.

Promote the triple helix model

In 2018, the Fablab, Living Lab system was established and put into operation in Binh Duong, such as Becamex FabLab, Philips EIU lighting laboratory at Eastern International University, the school's electromechanical laboratory. Vietnam - Singapore vocational college ... Besides, the province has been approved the FabLab common establishment of Binh Duong, expected to be completed in the period of 2019-2020.

The construction of a smart city is expected to boost Binh Duong's strong attraction to foreign investors with high technology content. In the photo: Students of Eastern International University practice at the school's laboratory. Photo: Xuan Thi

The primary objective of Binh Duong Smart City Project is to promote education - training, aiming at international standards, close to practical requirements through promoting triple helix models, linking institutes / schools and businesses. career as well as expanding international relations, thereby gradually creating high quality human resources to meet the most essential needs of high-tech investors into the province. The knowledge labor force is also an important foundation to help the province learn, exchange experiences, advanced technology, creating potential for breakthroughs. Currently, Binh Duong province and universities in the province are carrying out many projects to connect training with labor demand in new conditions, thereby contributing to improving the quality of vocational training to meet the development needs of the city. Smart street of the province in the period of 2018-2020 ...

In addition, as an economic breakthrough, Binh Duong Smart City Project encourages entrepreneurship, builds a good business environment for new businesses, and broadens business connections. existing, proceeding to develop high-tech industrial enterprises. In parallel with boosting the attraction of foreign investment (FDI), building an entrepreneurial ecosystem for innovation is also a prerequisite for sustainable economic development of Binh Duong. On that basis, Becamex Business Ineubator Business Incubator with the support of government and enterprises, located at Eastern International University, has been put into operation under international model. This is the pioneer nursery in Binh Duong, which has attracted 9 technology companies into operation.

Developing the enterprise network, increasing the province's investment attraction in both quantity and quality is one of four important areas of developing the Smart City Project of Binh Duong, under which the project focuses on development, supply chain, strengthen the connection of business networks, improve the mode of attracting investment, towards technology enterprises, creating high added value. Currently, the province is cooperating with the research parties to develop the enterprise database management software system. This is the foundation to help manage businesses from the State more effectively and in the future can become open databases in a number of specific areas to help businesses and organizations can connection, research, investment analysis.

Currently, new industrial zones in the province are moving toward high, green, and clean technologies, such as Vietnam - Singapore III Industrial Park which is planned to become an industrial park attracting green and sustainable technologies. Becamex Corporation is researching and developing science and technology industrial park (900 ha), associated with university and urban university cluster, creating an important premise in attracting investment, especially in the beginning. Foreign investment in high technology, high levels of gray matter services in the province.

The premise to attract investment in high technology

In international cooperation, Binh Duong's time towards international image is not only a good area for working, industrial production, but also a smart city with a strong living environment. dynamic, creative. Binh Duong focuses on building, marketing and promoting brands, sharing its ambitions and successes to the world, opening up many international and domestic cooperation links. Since then, Binh Duong can learn experiences, exchange human resources, technology transfer, attract investment, aiming for the long-term goal of smart economic region of Binh Duong: Pride of Vietnam, reputation Global.

In 2018, the Binh Duong smart zone became an official member of the World Smart Community Forum (ICF), honored as one of the 21 most intelligent city development strategies. gender in 2019 according to ICF criteria; is the only area of ​​Vietnam, the second of ASEAN (after Singapore) on this list, thereby expanding cooperation with the network of smart and prosperous cities of ICF. Also in 2018, Binh Duong became a member of the World Association of Urban Sciences (WTA). These achievements will create Binh Duong's international reputation, trust for investors, and contribute significantly to the attraction of foreign investment in the province.

In 2018, following the success of the WTA Conference, Binh Duong successfully hosted and organized the Asian Economic Cooperation Forum (Horasis) 2018. This forum has opened up opportunities for businesses, managers, economic groups connect trade, expand markets, exchange management experience in the era of globalization and the development trend of the world economy, and serve the requirements of expanding the head business, production and business of enterprises.

At 2018 Horasis,  Tran Thanh Liem, Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People's Committee, stressed that Binh Duong is interested in investing in infrastructure development, especially road traffic and waterway to meet the needs of domestic and foreign enterprises come to do business. The province is also developing all aspects of health and education to meet human resources and health care for everyone. Particularly, Binh Duong New City, the province is building a smart city, creating a new breakthrough for the province, and at the same time, attracting investors with high levels of science and technology into the locality.

Tran Thanh Liem said that improving the business environment, improving competitiveness and supporting start-up businesses is a priority task, so in 10 months of 2018, the province has exceeded the capital attraction target. Foreign direct investment (FDI) of the whole year; attracting foreign investment is optimistic in accordance with the orientation and planning of the province; Many businesses expand the scale and develop the market.

Up to now, the province has 3,478 FDI projects with a total registered capital of 31.8 billion USD. Over the past years, Binh Duong has always been one of the top 3 provinces and cities in the country to attract investment (after Hanoi and Ho Chi Minh City). Binh Duong is also an attractive destination for big corporations and investors in the world, such as Tokyu, Rohto, Warburg Pincus, Tetra Park, Tata Coffee Limited etc.

Reported by Phuong Le – Translated by Vi Bao

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