Binh Thuan: Industrial park still stagnant after more than 10 years

Expected to revive the 'dry - difficult - miserable' land in the North of Binh Thuan province, but for more than 10 years, Tuy Phong Industrial Park has not completed its infrastructure and has not attracted secondary investors.

Expected to revive the "dry - difficult - miserable" land in the North of Binh Thuan province, but for more than 10 years, Tuy Phong Industrial Park has not completed its infrastructure and has not attracted secondary investors - Photo: DUC TRONG

Tuy Phong Industrial Park in Tuy Phong District, Binh Thuan Province was established in late 2013, with an area of 150 hectares, including 97.9 hectares of commercial land. Up to now, the total investment capital for the project is 220.36/370 billion VND of registered capital, reaching 59.56%.

Tuy Phong Industrial Park has a convenient location for trade, fronting National Highway 1, near the North-South expressway intersection, Vinh Tan international seaport...

However, the People's Committee of Binh Thuan province reported that up to now, Tuy Phong Industrial Park has not fully invested in infrastructure and has not attracted secondary projects. While previously, the investor "promised" that the entire area would be filled by 2025.

At meetings with voters, people from Vinh Hao and Vinh Tan communes, Tuy Phong district, all expressed their opinions about the fact that the construction of the above industrial park was too slow compared to the initial signed schedule, causing waste of local land.

They hope that the investor and the government will speed up the progress, attract secondary investors to create jobs for local workers, contribute to increasing income, and revive the "dry - difficult - miserable" land in the North of Binh Thuan province.

Binh Thuan province said it will review, inspect and handle the slow implementation of the Tuy Phong Industrial Park project in accordance with regulations.

Tuy Phong Industrial Park has a convenient location for trade, fronting National Highway 1, near the North-South expressway intersection, Vinh Tan international seaport... - Photo: DUC TRONG

At the meeting to listen to reports on investment results of industrial parks in the area, Secretary of Binh Thuan Provincial Party Committee Nguyen Hoai Anh said that industry is one of the economic pillars, accounting for a large proportion in the local GRDP structure.

Investment in the development of industrial parks is very important, contributing to increasing budget revenue, creating a driving force to promote the rapid and sustainable development of the province's socio-economy.

However, the progress of infrastructure investment and attracting secondary investment in industrial parks in the area in recent times has been limited, with low occupancy rates and mostly small-scale projects.

According to the report on the investment situation of infrastructure of industrial parks in Binh Thuan province, up to now, 7/9 industrial parks in the province have invested and are investing in infrastructure construction, with a total area of nearly 1,4000 hectares.

Regarding occupancy rate, in early 2024, 6 more industrial parks will come into operation, equivalent to 35.35%.

Son My 1 and Son My 2 industrial parks with an area of 1,538 hectares and a total registered capital of VND 4,017 billion are in the investment preparation stage, implementing compensation, site clearance, and land lease procedures, so they have not yet invested in building technical infrastructure.

Source: https://tuoitre.vn/binh-thuan-khu-cong-nghiep-hon-10-nam-van-giam-chan-tai-cho-20250207145428846.htm