Industrial development becomes the economic pillar of Binh Thuan. Part 1

Việt NamViệt Nam21/09/2023


Resolution No. 09 of the Executive Committee of the Binh Thuan Provincial Party Committee (term XIV) on industrial development to 2025, with a vision to 2030, sets the goal of developing industry into an economic pillar, creating an important driving force to promote local socio-economic development... Taking advantage of the potential and advantages of the southernmost coastal region of the Central region, despite facing many difficulties in recent times, Binh Thuan's industry has also shown positive changes...

Signs of improvement

Recently, at the end of August 2023, the Prime Minister issued a Decision on the Investment Policy for the project to invest in the construction and business of infrastructure of Son My 2 Industrial Park - Phase 1, Binh Thuan province. At the same time, the investor was approved by Dong Sai Gon Industrial Investment and Development Joint Stock Company to implement this project in Son My commune, Ham Tan district with a land use scale of nearly 470 hectares (including technical infrastructure land)... In July, the People's Committee of Binh Thuan province issued a decision approving the investment policy, and at the same time approved the investor of the Son My LNG Port Warehouse project, Son My LNG Port Warehouse Company Limited. With a total investment of more than VND 31,430 billion, the Son My LNG Gas Port Warehouse project is considered the largest in the country to date. When completed, it will meet the important infrastructure for importing and supplying LNG in Vietnam. In addition, this project also supports the transition to clean and sustainable energy sources, contributing to reducing environmental impacts as well as ensuring the country's energy security.

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The survey delegation of the Southern Investment Promotion Center came to Binh Thuan to learn about the investment environment.

Also in 2023, Binh Thuan Industrial Parks will continue to attract a number of large-scale projects such as: AME Aluminum Factory, Song Binh Titanium Slag Processing Project with a total registered capital of nearly 1,000 billion VND and 3.6 million USD. Up to now, Binh Thuan has 6 completed and operational Industrial Parks, currently attracting nearly 90 secondary projects (including 28 foreign investment projects) with a total registered capital of nearly 16,000 billion VND and hundreds of millions of USD. At the same time, the locality also promoted the construction of Son My I Industrial Park (area of ​​1,070 hectares) at the end of August last year, preparing to start construction of infrastructure for Tan Duc Industrial Park (area of ​​300 hectares) in the coming time... With industrial clusters, the whole province has established 27 clusters and arranged more than 170 investment projects, Duc Linh area alone is becoming a "bright spot" attracting industrial clusters as well as contributing to solving jobs for many local workers. In particular, Nam Ha Vietnam Shoes Co., Ltd. (belonging to Nam Ha Industrial Cluster - Dong Ha commune, Duc Linh district) has completed the construction of a factory specializing in the production of sports shoes for export, expected to officially come into operation at the end of 2023. Accordingly, in phase 1, the factory has a need to recruit about 7,000 workers, when investing in expanding phase 2 with more factories, it will participate in solving jobs for about 20,000 workers.

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Nam Ha Vietnam Shoes Company Limited (in Nam Ha Industrial Cluster - Dong Ha Commune, Duc Linh District) is expected to come into operation by the end of 2023, thereby contributing to creating jobs for many local workers.

According to the Department of Industry and Trade, in recent years, the internal structure of Binh Thuan's industry has shifted in a positive direction, attracting many large-scale industrial investment projects, especially in the energy sector. In particular, the electricity production and distribution industry has shown high growth, is among the most effective industries and is the main driving force for local industrial development. It is known that Binh Thuan currently has 47 power plants in operation with a total capacity of 6,523.21 MW, including: 4 thermal power plants belonging to Vinh Tan Power Center (total capacity of 4,284 MW), 7 hydropower plants (total capacity of 819.5 MW), 9 wind power plants (total capacity of approximately 300 MW), 26 solar power plants (total capacity of more than 1,110 MW), 1 diesel power plant in Phu Quy island district (capacity of 10 MW). Along with the power grid system (500 kV, 220 kV, 110 kV, medium voltage and low voltage) being invested, renovated and upgraded regularly, it has ensured safe, stable and continuous power supply for the socio-economic development, security and defense of the province. And thanks to that, Binh Thuan not only ensures power supply for the key economic region in the South but also contributes to ensuring national energy security...

Industrial destination

In addition to the potential for industrial development, the strategic location as an important gateway connecting the Southeast, Central Highlands and Central Coast regions also creates conditions for Binh Thuan to attract investors from everywhere. Especially with the expressway section Dau Giay - Phan Thiet, Phan Thiet - Vinh Hao just put into operation, it has helped connect the key economic region of the South more conveniently.

From the positive changes, Binh Thuan is considered one of the new industrial destinations and is creating an attraction to "pull" investors to learn, aiming to promote large-scale projects to exploit the potential and strengths of the coastal land in the South Central region. Recently, the leaders of the Provincial People's Committee received a working delegation of Viglacera Corporation - JSC (Ministry of Construction) led by Mr. Nguyen Anh Tuan - General Director to work in Binh Thuan. This is a unit with capacity and experience in investing in the construction and business of infrastructure, management and operation of industrial parks in Vietnam. Coming to Binh Thuan this time, Viglacera Corporation - JSC hopes to invest in the infrastructure of an industrial park with an area of ​​about 500 hectares in the province...

In mid-2023, the Southern Investment Promotion Center (under the Foreign Investment Agency - Ministry of Planning and Investment) also visited Binh Thuan to learn about the investment environment. The delegation also included representatives of foreign business associations (Singapore, Malaysia, India) in Vietnam, the Trade Office under the Korean Consulate General in Ho Chi Minh City and a number of domestic corporations. Through the discussion, the survey team of the Southern Investment Promotion Center highly appreciated the potential and advantages of the locality and said that both FDI investors and domestic enterprises have the need to register to implement projects on investing in waste-to-energy plants, producing renewable energy, building infrastructure for industrial parks and clusters, etc. At the workshop on solutions to promote investment promotion activities in industrial parks in Binh Thuan held a few months ago, many opinions also expressed optimism in attracting industrial projects in the locality when the "bottleneck" in foreign traffic has been basically cleared. In addition, with the room for industrial development, Binh Thuan can proactively choose priority industries and fields to call for investment projects. For example, the field of applying science - technology - high technology, environmentally friendly towards developing high technology, digital technology, software technology and artificial intelligence in line with the current development trend.

On the local side, we always show respect and understanding for our partners, are ready to welcome and commit to creating favorable conditions and accompanying businesses to gradually turn Binh Thuan into an ideal investment destination, including in the industrial sector.

Resolution No. 09 (issued on December 31, 2021) of the Executive Committee of the Binh Thuan Provincial Party Committee (term XIV) on industrial development to 2025, with a vision to 2030, clearly states the guiding viewpoint. That is: Developing the province's industry in a modern and sustainable manner, associated with urban and service development, gradually creating a sustainable industrial ecosystem... In addition, it also focuses on developing energy industry, high-tech industry, software industry, new materials industry...


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