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Take advantage to attract investment projects

Việt NamViệt Nam14/05/2024


Along with stable production and business activities, investment promotion to attract projects to industrial parks (IPs) in Binh Thuan has also been strengthened.

With the desire to attract projects to fill the industrial parks with completed infrastructure, the locality and related departments, agencies and branches always strive to create open mechanisms and policies in investment, production and business activities for enterprises in the industrial parks. Discussing this issue, Mr. Tran Van Nam - Deputy Head of the Management Board of Binh Thuan Industrial Parks said that the unit is also very interested in implementing investment promotion work and organizing many activities to call for investment in the industrial parks according to its functions...

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Phan Thiet Industrial Park - Phase 2. (Illustration photo)

In recent times, the Binh Thuan Industrial Park Management Board has actively coordinated to effectively implement related investment promotion activities according to the province's investment promotion program. For example, in the second half of 2023, it successfully organized seminars on: Solutions to promote investment promotion activities in industrial parks, promoting on-site investment in the field of agricultural - forestry - fishery processing... Thanks to that, last year it attracted 9 new investment projects, including 8 domestic investment projects, 1 foreign investment project with a total registered investment capital of nearly 1,500 billion VND and 3.6 million USD.

Continuing in 2024, the unit continues to develop a plan to implement investment promotion activities in industrial parks, and is expected to organize a conference to evaluate the results of 25 years of construction and development of industrial parks in Binh Thuan province in conjunction with investment promotion activities. In addition, when possible, it will also organize a working delegation to economic zones, export processing zones, and key industrial parks of a number of provinces and cities to learn from experience and meet and mobilize investment in Binh Thuan. In addition, it is also considering organizing meetings, working to introduce the environment, investment policies as well as taking investors to survey the reality at industrial parks. Next is to register to work with central ministries and branches to seek support to resolve difficulties related to investment and development of industrial parks in the province...

It is known that in the first months of this year, the Provincial Industrial Park Management Board continued to coordinate with infrastructure investors to promote the introduction of potentials and advantages and post information on the media to attract investment in Binh Thuan. The recorded results showed that many domestic and foreign investors (Taiwan, China, Korea, etc.) came to learn about investment opportunities in local industrial parks. At the same time, it attracted 2 more investment projects with a total registered capital of 1,045 billion VND, namely: Huy Tuong Paper Packaging Factory Project (investment capital of 50 billion VND in Ham Kiem II Industrial Park), Song Binh Titanium Slag Factory Project (registered capital of 995 billion VND in Song Binh Industrial Park). Thus, up to now, industrial parks in Binh Thuan have attracted a total of 87 projects including 25 foreign investment projects, 62 domestic investment projects with a total registered capital of nearly 17,720 billion VND and 190.83 million USD.

Binh Thuan industrial parks currently have advantages in land rental prices, infrastructure fees, low labor costs and increasingly complete traffic infrastructure (Vinh Tan International Port, the expressway passing through the province has been put into use, Phan Thiet Airport is under investment), thus helping investors save money in the process of connecting production - business, import and export of goods. In particular, the investment environment in Binh Thuan continues to change positively, the local government is ready to welcome and commit to accompany businesses towards effective operations, prosperous development... also creating confidence to attract projects to fill the industrial parks in the coming time.

Reality also shows that the production and business situation of many enterprises in the local industrial parks is still stable and has orders to maintain operations, especially in the fields of: Garment, footwear, wood products, agriculture - forestry - fishery... In the first 4 months of 2024, the revenue of the industrial parks is estimated at 3,350 billion VND (up 12.5% ​​over the same period), contributing about 80 million USD in export turnover (up 15.5%) and paying 75 billion VND to the budget (up 13.5%)...


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