Prime Minister Pham Minh Chinh looks at a model of VSIP III Industrial Park in Binh Duong, March 19, 2022. Photo: Nhat Bac

It is excited at the beginning of the year

On March 19, Vietnam - Singapore Industrial Park III (VSIP III) started construction with a scale of 1,000 hectares in Tan Uyen town and Bac Tan Uyen district, Binh Duong province.

The total capital of infrastructure investment is nearly VND6,500 billion. This new industrial park is oriented to attract businesses using high technology, limit ing labor-intensive industries.

Binh Duong province has planned thirty concentrated industrial zones with an area of ​​14,000 ha; of which 28 industrial zones have been put into operation, attracting 4,000 domestic and foreign enterprises, creating jobs for more than 1 million workers from provinces and cities, choosing Binh Duong as a place to do business.

In the first quarter of 2022, Binh Duong Provincial People's Committee awarded 22 investment certificates to enterprises in industrial zones in the province. It is notable that there is a project of LEGO Group (Denmark) with an investment of more than US$1 billion.

According to a report by Binh Duong Department of Planning and Investment, in the first quarter of 2022, the total registered FDI capital reached US$1.9 billion, up 310% over the same period in 2021. Binh Duong province has 4,041 FDI projects, with a total capital of US$39.3 billion.

Mr. Vo Van Minh, Chairman of Binh Duong Provincial People's Committee, said that the goal in 2022 and the following years is to implement the strategy of solutions to attract increasingly quality and effective FDI capital.

Accordingly, focusing on industrial zone planning to meet technology transfer partners with high brain content, with high economic value production fields.

At the same time, the province is preparing conditions such as a clean land fund, proactively planning industrial zones associated with the technology ecosystem in digital transformation, implementing human resource training, and building social housing and accommodation for workers, and providing adequate and timely labor resources for businesses to invest in Binh Duong.

In Dong Nai, the Management Board of Dong Nai Industrial Parks said that the Provincial People's Committee is considering submitting to the Government for approval the investment policy, establishing eight more industrial zones including Long Duc (phase 2), Long Duc 3, Bau Can - Tan Hiep, Xuan Que - Song Nhan, Phuoc Binh 2, Cam My and Amata expansion phase IIIB. If approved by the Prime Minister, Dong Nai will have an additional 7,573 hectares of industrial land.

In Dong Nai province, there are 32 industrial zones established with a total area of ​​10,270ha, of which 31 industrial zones are in operation and one industrial zone is in the stage of land acquisition for infrastructure construction. Dong Nai's industrial zones have leased about 5,860ha, with an occupancy rate of more than 82%. In the first quarter of 2022, industrial zones in the province attracted nearly US$150 million in investment. In which, foreign direct investment capital is US$142 million, domestic investment capital is nearly US$8 million.

Many enterprises assess that investing in Dong Nai's industrial zones is very convenient because the province is located in the traffic hub of the Southern Key Economic Zone, transporting goods by road, waterway, railway and convenient air route.

Goods produced in Dong Nai can be transported to other provinces and cities in the country. This saves transportation time and costs. If the province quickly completes the procedures and documents for investment in industrial park infrastructure and available land for lease, there will be many FDI enterprises and domestic enterprises coming to the province to invest in the industry.

Opening more industrial zones and clusters

According to the leader of Tien Giang Provincial People's Committee, the locality is deploying five more industrial clusters in key areas with a total investment of VND1,691 billion and a total land area of nearly 234 hectares.

Currently, investors in industrial clusters are implementing steps such as pricing, compensation, site clearance, carrying out procedures for environmental impact assessment, and building infrastructure for industrial clusters according to the law.

With five newly deployed industrial clusters, the province now has 10 industrial clusters. In which, five industrial clusters in Tien Giang province alone have called for 79 secondary investment projects, including six FDI projects with a total registered investment capital of over VND2,306 billion and over US$150 million. The land lease area is over 88 hectares, accounting for nearly 74% of the industrial land for lease, creating jobs for nearly 14,000 workers.

In order to contribute to attracting investment and promoting the role of industrial clusters in socio-economic development, Tien Giang has been simplifying procedures, actively calling for investment in industrial clusters, solving administrative procedures according to the one-stop-shop mechanism, focusing on one focal point.

As a result, the time to process the necessary procedures at the request of the investor is quick, convenient and easy, saving time and better serving organizations and individuals when there is a need for real estate to carry out necessary administrative procedures related to industrial clusters.

In Ho Chi Minh City, the City People's Committee has petitioned the Government to allow the addition of Pham Van Hai Industrial Park in Binh Chanh District with a scale of 668 hectares to replace three other industrial zones excluded from the planning, namely Phuoc Hiep, Bau Dung and Xuan Thoi Thuong Industrial Parks.

In addition, Ho Chi Minh City proposes to build a residential and urban area of ​​about 100 hectares adjacent to serve Pham Van Hai Industrial Park.

Leaders of the People's Committee of Ho Chi Minh City expect Pham Van Hai Industrial Park to be a new industrial park capable of rapid deployment, good investment attraction, and many favorable features to develop into a new industrial park with high quality and competitiveness.

At the same time, it is suitable for businesses that apply high technology and support innovative start-ups.