Binh Duong creates a driving force for economic progress

DNHN - The Management Board of Binh Duong Industrial Parks intends to attract around 50-60 investment projects in industrial parks under the growth plan developed commencing in early 2022.

In which the total FDI capital is about 1.2 - 1.3 billion USD to attract 1,100 - 1,200 billion VND of domestic investment capital; construction investment capital reached 3,120 - 4,750 billion dong; lease and sublease 100 - 150 ha of land; and attract 20,000 personnel.

In addition, the Management Board of Industrial Parks of Binh Duong Province focuses on advising and pushing the formation and development of 2-4 new IPs in the 2021-2025 term, with particular emphasis on investment in infrastructure development of industrial zones in the region.

More precisely, with numerous solutions such as enhancing the business climate, increasing infrastructure, and so on, Binh Duong's industrial parks continue to be the driving force for the province's economic growth. The simultaneous deployment of solutions has assisted Binh Duong industrial parks in exceeding several major milestones, including garnering almost 2.4 billion USD in foreign investment and attaining 201.74% of the target for 2022.

The Binh Duong Provincial People's Committee has focused on directing and supporting enterprises to recover and develop production and business; contacting the Association of domestic investment enterprises in 2022; removing difficulties and obstacles in the process of formulating land unit prices for compensation, support, and resettlement of works and projects; accelerating the progress of compensation, site clearance, and disbursement of public investment capital, and preparing plans and budgets.

Over the same period, the industrial production index, export turnover, foreign investment attraction, and domestic business registration capital increased; budget revenue and expenditure are guaranteed according to estimates, the Covid-19 epidemic is under control, and security, politics, social order, and safety are maintained.

Yet, inflation in Europe and the United States grew, and the costs of goods and raw materials for manufacturing remained high, impacting export and import operations; however, export turnover increased during the same time.

With many good and practical solutions for supporting enterprises, such as enhancing the business climate, increasing infrastructure, and so on, industrial parks continue to be the driving force for the province's economic progress.

Currently, 29 industrial parks in Binh Duong province have essentially completed investment projects. Most industrial zones will be operational for the first eight months of 2022. The FDI sector remains the driving force, contributing significantly to budget income and actively contributing to technology transfer, job creation, and skill training for people in the province in general and industrial zones in particular.

The Provincial Management Board of Industrial Parks advises and promotes the establishment and development of 2-4 new industrial parks in the 2021-2025 period, particularly the investment in infrastructure development of planned industrial parks in Binh Duong province, in the growth plan developed beginning in early 2022.

Hoang Thu