Binh Duong advised to switch to smart industrial – urban – service model

At the event (Photo: VNA)

Binh Duong (VNA) – Deputy Prime Minister Le Minh Khai has suggested the southern industrial hub of Binh Duong switch to the smart industrial – urban – service model as part of efforts to build a new ecosystem that meets demand of new investors and workers.

During an event held by the provincial People’s Committee on March 25, Deputy PM Khai hailed the success of the province's industrial – urban – service model and urged Binh Duong to continue pursuing rapid, harmonious, inclusive and sustainable development, leaving no one behind.

Chairman of the provincial People’s Committee Vo Van Minh said industry – trade - services now account for nearly 97% of the local economy.

At present, Binh Duong is home to 29 concentrated industrial parks with a total land area of nearly 13,000 ha and an average occupancy rate of over 90%. During the 1997-2022 period, its gross domestic product expanded by 10.86% annually.

On the occasion, the provincial People’s Committee handed over investment certificates to nearly 10 domestic and foreign companies.

Representatives from Vietnam’s Becamex IDC Corporation and the investor of the Vietnam-Singapore Industrial Park (VSIP) joint venture signed deals with nine provinces - Tay Ninh, Binh Thuan, Thai Binh, Nam Dinh, Ha Tinh, Binh Phuoc, Khanh Hoa, Thua Thien Hue and Thanh Hoa - to build VSIPs in the near future.

Illustrative image (Photo: vneconomy.vn)

They also inked contracts with big corporations to develop key transport works.

From an initial project in Binh Duong, VSIP has developed into a chain of 13 industrial park - service - urban areas occupying over 11,000ha in nine cities and provinces. So far, they have drawn 18 billion USD from 880 enterprises from 30 countries and territories, generating jobs for 295,000 workers./.