Complete infrastructure investment, creating conditions to attract projects to industrial parks

In Binh Thuan, there are 8 projects for investment in construction and business of industrial park infrastructure approved by the Prime Minister and still in effect with a total land use area of over 2,463 hectares. Of these, 6 industrial parks have completed basic infrastructure investment, the remaining 2 industrial parks are focusing on site clearance and implementing the next steps...

At Phan Thiet Industrial Park Phase 1 (area 68.36 ha, Phong Nam Commune - Phan Thiet City and Ham Liem Commune - Ham Thuan Bac District), the investor has completed the technical infrastructure, so far attracting and filling the leased land area with 39 secondary projects. With an adjacent location, Phan Thiet Industrial Park Phase 2 (area 40.7 ha) has also basically completed the technical infrastructure, currently attracting and filling nearly 3/4 of the leased land area with 11 projects, the remaining about 5 ha of land is reserved for receiving small-scale industrial establishments in Phan Thiet City.

Phan Thiet Industrial Park Phase 2 has basically completed technical infrastructure (Illustration photo).

Located in Ham Thuan Nam district, Ham Kiem I Industrial Park (area of 132.67 hectares in Ham Kiem commune) has invested in building basic technical infrastructure, meeting the needs of implementing secondary projects and attracting 17 projects with an occupancy rate of approximately 60% of the leased land area. Adjacent to Ham Kiem II Industrial Park (area of more than 400 hectares) is also constructing infrastructure to ensure conditions for traffic, water supply and drainage, wastewater treatment, electricity supply... and by the middle of this year has attracted 14 secondary projects, reaching an occupancy rate of nearly 25%. Meanwhile, Song Binh Industrial Park (area of 300 hectares, in Song Binh commune - Bac Binh district) specializing in titanium mineral processing, after constructing basic technical infrastructure, has attracted 4 titanium processing projects, reaching an occupancy rate of more than 46%. For Tuy Phong Industrial Park (area of 150 hectares, in Vinh Hao commune - Tuy Phong district), infrastructure construction is being promoted and it is expected to be able to receive secondary investment projects by the end of 2023.

In the South of Binh Thuan, there is also Son My I Industrial Park (area of 1,070 hectares, in Son My commune - Ham Tan district) which started construction at the end of August last year and is continuing to carry out compensation and site clearance work. In addition, the investment in water supply pipelines as well as power stations serving Son My I Industrial Park is also being promoted in the initial steps. In order to provide stable electricity in the long term as desired by the investor, the functional unit has recently requested the Department of Industry and Trade to consider and issue a document advising the Provincial People's Committee to recommend the Southern Power Corporation (EVN) to soon invest in a 110 KV power station and connecting lines to supply electricity to the Industrial Parks in the South of Binh Thuan in 2023... According to the Management Board of Binh Thuan Industrial Parks, this Industrial Park has recently attracted 3 projects including: Son My I LNG Thermal Power Plant, Son My II LNG Thermal Power Plant, Son My LNG Gas Storage Project with an occupancy rate of 18.78%. In Ham Tan district, Tan Duc Industrial Park (area of 300 hectares, located in Tan Duc commune) is also implementing compensation and site clearance work, expected to start infrastructure construction at the end of this year. In particular, Son My II Industrial Park project (area of 540 hectares, located adjacent to Son My I Industrial Park) is currently in the stage of preparing conditions and is submitting to the Prime Minister for approval of investment policy.

So far, industrial parks in Binh Thuan have attracted nearly 90 domestic and foreign projects, however, the occupancy rate is mainly concentrated in industrial parks with completed infrastructure investment. Therefore, accelerating the progress of infrastructure investment will contribute to increasing the attraction of projects to industrial parks in the coming time, especially when the expressway sections passing through the province, Dau Giay - Phan Thiet and Phan Thiet - Vinh Hao, are put into use. In addition to possessing many potentials and advantages in terms of land, mineral resources, agriculture - forestry - fishery, abundant labor resources, basic investment in traffic infrastructure, etc., the locality always welcomes and creates favorable conditions for investors to successfully implement projects, ensuring sustainable development in the locality. Especially with large-scale investment projects in the industrial sector, thereby contributing to promoting socio-economic development as well as affirming the position of one of the three main economic pillars of Binh Thuan.

Except for Song Binh Industrial Park (specializing in processing titanium minerals), the remaining industrial parks in the province are all multi-industry industrial parks, focusing on the production and processing of diverse products such as: Agriculture - forestry - seafood, mechanics, electronics, consumer products, construction materials, interior decoration... It is known that industrial parks in Binh Thuan are also on the list of preferential investment areas, so investment projects enjoy incentives on corporate income tax and import tax according to regulations applied to difficult socio-economic areas.

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