In the first 5 months of 2024, Binh Duong attracted more than half a billion USD of FDI capital into industrial parks.
In the first 5 months of 2024, industrial parks (IPs) in Binh Duong attracted 525 million USD in foreign direct investment (FDI), an increase of 75% over the same period in 2023. Bringing the total FDI capital into IPs in the area to 29.7 billion USD.
FDI capital attraction into industrial parks increases continuously
Binh Duong Industrial Zone Authority (BDIZA) has just released data showing that in the past 5 months, Binh Duong has granted 58 new projects with a total registered capital of more than 270 million USD to FDI enterprises, and 210 FDI projects have adjusted their capital to increase by more than 250 million USD. Industrial zones in the province also received an additional 1,058 billion VND in domestic investment capital, reaching 96.25% of the 2024 plan.
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| VSIP 3 Industrial Park has attracted outstanding investment in the past 5 months. Photo: VSIP |
Up to now, industrial parks in Binh Duong have attracted over 3,130 projects, of which FDI projects account for nearly 80% with a total registered capital of 29.7 billion USD. 682 domestic investment projects with capital of nearly 95,000 billion VND, equivalent to about 3.8 billion USD.
According to data from the Department of Planning and Investment of Binh Duong province, from the beginning of the year to May 15, newly registered and additional FDI in Binh Duong reached more than 341 million USD. Of which, the majority of FDI capital is concentrated in the industrial park system, reaching more than 290 million USD. Accordingly, as of May 2024, Binh Duong has attracted nearly 4,300 FDI projects with a total investment capital of nearly 40.6 billion USD from 65 countries and territories, ranking 3rd in the country after Ho Chi Minh City and Hanoi.
The industrial parks have leased more than 285,700 square meters of industrial land and more than 64,200 square meters of factories in the first months of this year. To date, the industrial parks have leased 7,067.49 hectares, reaching an occupancy rate of 93.67%.
One of the new generation industrial parks that attracted outstanding FDI investment in the area in the first 5 months of the year is Vietnam - Singapore Industrial Park (VSIP 3). This industrial park is currently attracting many international investors, especially in the high-tech sector. Currently, VSIP 3 has more than 30 international companies interested with a total expected investment capital of up to 1.8 billion USD. VSIP 3 has a scale of 1,000 hectares and prioritizes 7 main industries: electronics, automobile manufacturing, mechanical engineering, textiles, food and other industries.
Recently, on May 16, the world's leading jewelry group Pandora also started construction of a 150 million USD jewelry factory in this industrial park. Previously, the Lego Group (Denmark) also invested more than 1.3 billion USD in VSIP 3 to produce children's toys.
BDIZA said that in 2024, it plans to attract about 130-140 investment projects to industrial parks, with a total FDI capital of about 1.2 - 1.3 billion USD. It will attract 1,100 - 1,200 billion VND of domestic investment capital, and construction investment capital of 5,700 billion VND. At the same time, it aims to lease and sublease 100-150 hectares of land, attract 15,000 workers, and generate total revenue of 35 - 40 billion USD.
By 2030, build 10 new industrial parks
Currently, BDIZA is focusing on advising on promoting the establishment and development of about 10 new industrial parks in the period 2023 - 2030.
Accordingly, it is expected that by the end of 2025, Binh Duong will establish 2 new industrial parks, with a total land use area of about 1,000 hectares in Bac Tan Uyen district and Tan Uyen city. Of which, the specialized mechanical industrial park with an area of about 800 hectares aims to attract mechanical industries in the direction of high technology, automation and less labor-intensive and Tan Lap 1 Industrial Park with an area of 200 hectares, specializing in wood.
And by the end of 2030, it is expected to deploy 8 more industrial parks in Bac Tan Uyen, Dau Tieng and Phu Giao districts to synchronously develop industry in the province's districts with a new planning area of over 6,000 hectares along Ring Road 4.
According to the latest plan for developing the industrial park system in Binh Duong province, by 2030 the total number of industrial parks in the area will be 43 with a total area of about 18,600 hectares.
In order to continue creating a favorable investment environment, attracting foreign enterprises to invest in production and business. Also at the meeting with departments and branches on the investment attraction situation in the first months of the year, Mr. Vo Van Minh, Chairman of Binh Duong Provincial People's Committee requested BDIZA to continue to closely coordinate with industrial park infrastructure investors to quickly resolve problems related to investment procedures, licensing, fire prevention and fighting acceptance, planning, ensuring electricity for production....
Notably, Binh Duong will start many major transport projects, continuing to attract investment in 2024. Specifically, the province will continue to start construction of Ring Road 4, Ho Chi Minh City - Thu Dau Mot - Chon Thanh Expressway.
In addition, Binh Duong will complete a series of district-level main roads, connecting inter-regional and intra-regional routes to facilitate businesses in transporting goods to airports and seaports.
The province will review and find solutions to improve the PCI index, further promote administrative procedure reform to create the most favorable conditions for businesses and investors. Provincial leaders affirmed their readiness to work with infrastructure investors to organize investment promotion activities to call for more investment projects in industrial parks.
Source: https://baodautu.vn/5-thang-dau-nam-2024-binh-duong-hut-hon-nua-ty-usd-von-fdi-vao-cac-khu-cong-nghiep-d216087.html
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