According to experts, in recent years, transport infrastructure, industrial zones in the province have been invested synchronously, contributing to promoting the province among international friends. Therefore, investment in the province has not only increased in quantity but also quality with the presence of many large corporations, companies in the world.
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In the coming time, Binh Duong will continue to invest heavily in transport infrastructure in order to motivate the strong and more sustainable development of the province. Photo: Pham Ngoc Thach Street, TDM City was upgraded and has contributed to the development of the city
Creating an attractive investment environment
Due to transportation infrastructure, industrial parks throughout the province, many large enterprises in the world have selected Binh Duong as an investment destination. Provincial investment inflow in recent years has not only increased in quantity but also quality with the presence of many large corporations, companies, such as Tokyu Corporation (Japan) invested more than $1.2 billion; Kumho Group (Korea) invested $128.3 million; SCG Cement invested $140 million...
With good industrial infrastructure, the province has executed a series of important project: Industrial - services - urban Complex with a total area 4,196ha, including 1,000ha of urban center; arterial roads like My Phuoc - Tan Van, Nguyen Chi Thanh, Pham Ngoc Thach, DT746 ... forming a good framework to attract investments in urban commerce - service. Besides, many commercial centers, large supermarkets, such as AEON Mall Binh Duong Canary, Lotte Mart, Big C, Co.opmart, Metro ... went into operation and have contributed to modernize the commercial infrastructure system and improve the quality of business models in the province.
According to Urban Development Planning Institute’s leadership, to create bigger impetus for development, Binh Duong should quickly improve the clearance of Binh Loi bridge over Saigon River and Genh bridge over Dong Nai River to ensure traffic of heavy ships; thereby, contributing to fully exploit potentials of Binh Duong ports, such as Thanh Phuoc, An Son, Ba Lua, Bach Dang ... In addition, relevant sectors and localities should soon construct Ho Chi Minh City - choose - Cambodia Expressway and renovate Go Dua intersection (HCMC) and Song Than flyover; complete Beltway 3, N2 route (HCMC) from Central Highland - Binh Phuoc - the Mekong Delta crossing Dau Tieng District, and Ben Thanh - Suoi Tien Metro connecting with Binh Duong new city.
Experts said that with many manufacturing companies and adjacent to Ho Chi Minh City, Binh Duong was entirely possible to become the best "wholesale center" of the country. Binh Duong should petition for a special mechanism, including tax exemption for manufacturing enterprises engaged in commercial "chain" link. The development of this "chain" will create dominance, unique feature for the province, leading to the growth of urban services... Besides, the province should establish information exchange systems between leaders, managers, scientists, businesses and investors; annually organize seminars and conferences to discuss strategic issues of the whole region and each locality.
Traffic to be speeded up
Road system of Binh Duong has a total length of nearly 7.500km, including 3 national highways with a total length through the province of 77,1km; 14 provincial roads nearly 450km in length; 1,000 km of district roads, urban roads and nearly 3,400km communal road system. In general, provincial transport infrastructure is synchronous, meet the needs of provincial traffic and connect with important transport hubs of the country, serving socio-economic development of the province.
Leaders of provincial Department of Transport said, determining the important role of the traffic infrastructure in the cause of industrialization and urbanization of the province, since the re-establishment, provincial leaders had directed the transportation sector and all levels and relevant departments to devise and implement transport development planning of the province in line with transport development planning of the region and the country, while develop the overall planning of socio-economic development of the province and relevant sectors, territories to contribute effectively to the overall growth.
Regarding external traffic, Binh Duong will continue to invest in transport works of the province on the north - south, east - west direction; and coordinate with central agencies for the construction of belt road connecting Ho Chi Minh City and economic centers, urban centers, deep-water ports, international airports in the southern key economic zone. Besides, the province will construct inland container depots (ICD) at industrial parks in the province according to the approved master plan to improve goods transportation between key traffic hubs. Thereby creating the most favorable conditions for production, investment attraction and provincial socio-economic - urban development in the period 2016-2020. Regarding internal traffic, the province will gather all resources to invest in a complete transport infrastructure connecting Binh Duong New City with urban, industrial centers and residential areas in the province and neighboring provinces; simultaneous connecting industrial parks, urban, residential areas each other and with raw material areas, rural areas...
To achieve the above goals, PPC has mobilized and efficiently exploited all resources under the motto "The State and people work together" to develop rural transport system in line with socio-economic development of the province; connect seamlessly district roads, provincial roads and national roads each other; urban and rural areas; develop provincial industrial production on par with other countries in the region and accelerate new rural construction.
Based on experiences of developed countries in the world, traffic growth rate must be higher than GDP growth rate from 2-4%. Meanwhile, the World Bank and many international organizations asserted that Vietnam should invest in higher traffic growth rate than GDP (about 3-4%). Experts recommended, in terms of the fund for transport infrastructure development, our country should base on internal resources, at the same time take advantage of foreign funds.
Reported by Phung Hieu – Translated by Ngoc Huynh
