Driving force for green, sustainable growth

Thai Binh Economic Zone and Industrial Parks: Driving Force for Green, Sustainable Growth

Thai Binh province's economic zones and industrial parks are being built in a green and smart direction, aiming to attract "clean" investment capital, modern and environmentally friendly technology, increase added value and competitiveness, and create momentum for sustainable development.

Deputy Prime Minister Tran Luu Quang, representatives of central ministries, branches, Thai Binh province and Green i-Park pressed the button to start construction of the 200 million USD factory project at Green iP-1 Industrial Park.

Top 5 in the country in attracting investment

The formation of industrial parks 20 years ago and especially Thai Binh Economic Zone in 2017 has promoted growth, shifting the economic structure of Thai Binh province towards industrialization and modernization, increasing local budget revenue, at the same time creating jobs for workers, contributing to substantially improving people's lives and gradually bringing Thai Binh from a purely agricultural province to a rapid and strong breakthrough in the industrial sector.

In 2017, the Prime Minister issued a decision to establish Thai Binh Economic Zone. At that time, for Thai Binh, this was a completely new socio-economic model that brought hope for breakthrough development for the locality, but also posed many challenges and concerns about how to shape the economic zone, start construction and where to get resources from...

To answer these questions, on December 21, 2018, the 19th Thai Binh Provincial Party Committee met and unanimously issued Resolution No. 02-NQ/TU on focusing on leadership and direction in building and developing the Thai Binh Economic Zone. The Resolution was issued as both a guideline for action and a focus of intelligence, mobilizing all resources for the entire political system to embark on the construction of the economic zone.

Up to now, the province has completed the general planning for the construction of the Economic Zone in a multi-industry direction; completed the approval of the 1/2,000 scale construction zoning plan of 11 functional areas, including 7 industrial parks, 2 port areas, urban areas, services, resorts, Vanh - Thu sandbank golf course; and high-tech aquaculture area.

Building an attractive investment environment

With the message “The success of the investor is the success of the industrial park”, Green i-Park always accompanies and is ready to support investors from the survey stage to the signing of official contracts and the start of production. Investors in Green iP-1 also receive strong support from departments, branches, sectors, and authorities at all levels of Thai Binh province.

Green iP-1 Industrial Park not only has clean land and streamlined administrative procedures, but also possesses modern, synchronous infrastructure, along with abundant, highly skilled labor. All of these create an attractive, favorable, effective and successful investment environment for secondary investors.

Attracting investors to Thai Binh province has changed dramatically after the establishment of the Economic Zone, foreign direct investment (FDI) capital has increased many times compared to before, contributing to Thai Binh achieving a high ranking compared to other provinces and cities in the region in attracting FDI from 2021 onwards.

In the period of 2021 - 2023, FDI attraction into economic zones and industrial parks reached 3.74 billion USD, 4.4 times higher than the total FDI capital of the whole province from 2020 and before. In particular, in 2023, in the economic zone, industrial parks attracted over 3 billion USD. Of which, Lien Ha Thai Industrial Park (Green-iP1) is the main force, the locomotive contributing to Thai Binh ranking 5th in the country in attracting FDI.

In addition to the increase in the number of projects, the total investment capital, quality and operational efficiency of enterprises have also made a leap forward. In 2023, the industrial production value in industrial parks is estimated at VND 54,737 billion, accounting for over 60% of the province's industrial production value, an increase of 781 times compared to 2003 and 2.9 times compared to 2017; taxes and payments to the state budget are estimated at VND 1,721 billion, an increase of 382.4 times compared to 2003 and 2.45 times compared to 2017.

By the end of 2023, projects in economic zones and industrial parks have created jobs for 76,620 workers, making an important contribution to improving people's living standards and implementing social security policies well.

Green trees and drainage system create landscape and environment for Green iP-1 Industrial Park to always be green, clean and beautiful.

Green-iP1: Model of a green, smart industrial park

Green-iP1 Industrial Park has become a bright spot with the formula: available clean land + fast, modern technical infrastructure investment + attractive investment attraction policy + promotion of cooperation and practical support for secondary investors, with the planning of a green, clean ecosystem, attracting selective investment capital into production, attracting many new projects worth hundreds of millions of USD.

Mr. Bui The Long, Vice Chairman of the Board of Directors, General Director of Green i-Park Joint Stock Company, the investor of Green-iP1 Industrial Park infrastructure, said that this is a pioneering industrial park, inspiring investment attraction in Thai Binh Economic Zone, so from the beginning, Green i-Park Company determined to create a breakthrough in both technical infrastructure and investment cooperation mechanism. Green i-Park has built a model ecological industrial park in Thai Binh province, bringing great benefits in all three aspects of economy, society and environment.

Following that direction, Green i-Park has invested all its efforts in infrastructure items such as transportation, electricity, water supply and drainage, wastewater treatment, trees, and site planning for each area according to the nature of the industry it attracts. Green-iP1 invested in a wastewater treatment area with a capacity of 25,000 m3/day and has completed module 1 with a capacity of 5,000 m3/day and night, ensuring that the treated wastewater discharged into the environment meets the quality standards according to the National Technical Regulation on Industrial Wastewater.

In addition, the Industrial Park also builds a system of canals and reservoirs to serve both water supply and drainage, flood prevention, fire prevention and fighting, temperature regulation, air quality improvement, creating a green industrial park appearance, in harmony with local construction planning and economic development goals of Thai Binh.

After 3 years of operation, Green-iP1 Industrial Park has attracted 20 secondary projects with a total investment capital of 1.3 USD in high-tech, environmentally friendly industries such as electricity, electronics, automation, auto components... Major investors from China, Taiwan, and Korea include Compal, Pegavision, Lotes, Ohsung, Greenwork...

Currently, there are 6 investors in the Industrial Park in operation, namely Greenworks, Lotes, Ohsung, Jinyang, An Thai and Nam Tai, mainly producing electronic components and auxiliary equipment. In addition, a number of other investors are in the process of building factories, expected to be completed and put into production in 2025.

The results of the above investment attraction activities have increased the occupancy rate to nearly 50% of the area of ​​the Phase I Industrial Park (588 hectares). Notably, the largest beverage manufacturing company in Korea, Hitejinro, for the first time in 100 years of operation, expanded its investment to foreign markets and chose Green-iP1 in Vietnam.

In the coming time, Green i-Park will continue to build a model, green, smart industrial park, complete and upgrade infrastructure, use clean energy towards a sustainable development model, and form a green and smart industrial park.

Not following the occupancy rate criteria, Green-iP1 aims to selectively attract high-tech industries, electronic assembly industries, and green and clean technology applications, and does not accept toxic industries that pollute the environment and consume too much energy.

With a sustainable development policy, Green i-Park is determined to develop Green-iP1 into a model ecological industrial park in Vietnam. Thereby, contributing to bringing many great benefits to investors and the sustainable development of the industrial park; especially contributing significantly to creating competitive advantages to promote investment attraction to become the number one driving force to promote the sustainable socio-economic development of Thai Binh province.

Source: https://baodautu.vn/khu-kinh-te-va-cac-khu-cong-nghiep-thai-binh-dong-luc-cho-tang-truong-xanh-ben-vung-d220990.html