The southern province of Binh Duong is stepping up a gear to draw one billion USD in foreign direct investment (FDI) in well-equipped industrial parks next year.

To achieve this, the province will continue to ramp up infrastructure in industrial zones while choosing projects well suited to the locality’s development orientations, particularly energy efficient projects.

At the same time, it will also zone off some 300 hectares in Bau Bang industrial park to lure garment and support industry projects. All possible means will be in place to draw inflows once the Trans-Pacific Partnership deal is signed.

Among 28 planned industrial zones in Binh Duong, 26 IZs covering an area of over 9,000 hectares and eight industrial clusters of 600 hectares have had infrastructure facilities built, including waste water treatment systems.

The rate of occupancy in industrial parks and clusters hit an average of 65 percent and 41 percent respectively. Ten of them obtained a rate of 95-100 percent like VSIP 1, VSIP 2, My Phuoc, Song Than, Binh Duong, Viet Huong and Dong An.

This year, the IZs poured an additional 388 billion VND into technical infrastructure, put 86.4 hectares of land up for lease and generated jobs for 12,700 workers.

In 2013, Binh Duong attracted 1.3 billion USD in FDI, including 818 million USD poured into 125 new projects and additional 501 million USD in 124 existing projects.

It has so far lured over 2,200 projects valued at more than 18.7 billion USD.-VNA