Tan Uyen town has attached special importance to investment attraction in association with realizing the local development strategy. This has helped the town reap considerable results in investment attraction.
Investment attraction in right direction
From an agricultural locality with a strategy building industrial parks and compounds as a lever for socio-economic development, Tan Uyen town has soon become one of the province’s flexible localities in industrial, traffic infrastructure development and investment attraction. The town’s investment climate has been constantly improved, facilitating investors ‘development.
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Tan Uyen town’s urban area with modern and synchronous investment
The town has so far lured 1,164 domestic investment projects in operation with total registered capital of more than VND11.15trillion. More than 1,000 others are now under construction. In terms of foreign investment attraction, the town has absorbed 597 FDI projects with total registered capital of more than US$3,874million.
In 2019, the town’s industrial production value was more than VND24.45trillion, up 12.16% compared to the same period last year. Of these, the domestic investment sector reached more than VND7.32trillion, up 11% while the foreign investment sector gained more than VND17.12trillion, up 12.55% compared to the same period last year. In the first two months of 2020, the town continued calling for enterprises to make investment in fields in line with the local urban development orientation. The town also granted business registration certificates to 197 cases, up 94 compared to the same period last year, with total investment capital of VND71.9billion.
Doan Hong Tuoi, Chairman of the town’s People’s Committee said that the town will continue well realizing investment attraction in line with the local orientation on industrial, urban, trade-service development and regulations of the province in the coming time. Especially, the town will attach special importance to infrastructure development for industrial compounds, parks; call for investment in market network development; promote trade-services; give priority to fostering industrial manufacture and services towards added value increase, make planning for a system of markets, supermarkets, trade centers, recreational areas…Noticeably, the town aims at making the shift of economic structure from industrial-service and urban development to service and industrial development, paving the way for the local economic breakthrough.
Urban rejuvenation, infrastructure investment promoted
Mr.Tuoi said that over the past years, the town attached special importance to upholding resources from economic sectors to further make investment in socio-economic infrastructure facilities, contributing to promoting the local socio-economic development, improving the quality of locals ‘life.
The town also continued well realizing investment attraction in line with the local development orientation and regulations of the province; effectively carried out State administration in land, natural resources, minerals, construction, urban order and environment; focused on directing functional agencies, the People’s Committees of communes, wards to restore the local urban order.
In addition, the town made efforts in infrastructure development, compensation-site clearance, progress for key works, namely the expanded DT746 street, the Tan Uyen 500-kV transformation station, the Tan Hiep water plant…, creating favorable conditions for investors to work. It is expected that inter-regional works, including Bach Dang 2 bridge connecting Bien Hoa city with Binh Duong province’s DT746 street, the belt street 4…will further contribute to developing Tan Uyen town into a locality with more flexible economic development…
Reported by Tieu My-Translated by K.T
