At a footwear company in the Tan Hiep A IP in Di An, Binh Duong (Source: VNA)

Binh Duong (VNA) - The rate of land rental in the industrial parks (IPs) and industrial clusters in the southern province of Binh Duong has reached 80.8 percent and 70.6 percent, respectively, according to the provincial Department of Planning and Investment.

Director of the department Nguyen Thanh Truc said the locality has 29 IPs, with 27 of them put into operation on a combined area of 12,743 ha, and 12 industrial clusters with a total area of 790 ha.

In 2018, investors in IPs and industrial clusters have paid attention to fostering promotion activities and investment for upgrading infrastructure. Around 276 billion VND (11.8 million USD) were invested into developing industrial infrastructure facilities.

The locality has attracted over 1.3 billion USD from foreign investors and 5.19 trillion VND from domestic ones into IPs and industrial clusters.

Truc said in 2018, enterprises operating in the IPs have disbursed 2 billion USD for the investment in workshops and equipment serving their production and business. Their revenue hit 28.5 billion USD so far, and their exports, 17 billion USD, making up 67.2 percent of Binh Duong’s export turnover.

The local authority has directed investors to build IPs in accordance with the adjusted planning approved by the Prime Minister, according to which Binh Duong will have 33 IPs with a total planning area of 14,790 ha. The approval for expansion of Bau Bang and Cay Truong IPs is hoped to help the locality attract more investment to promoting service industry and urban development.

The provincial People’s Committee said that along with implementing socio-economic development goals in the 2016-2020, attention will be paid to planning expanding and upgrading IPs towards meeting the demand of investors.

The establishment of IPs and industrial clusters has created a key momentum to promote Binh Duong’s economic development, especially in processing and manufacturing industry. The province’s industrial production value accounts for 9.7 percent of the nation, and 24 percent of the Southeast region.-VNA