Project on Innovation Region to speed up Binh Duong province growth hinh anh 1The Singapore-Vietnam Industrial Park in Binh Duong Province (Source: VNA)

Binh Duong (VNA) - The southern province of Binh Duong's Innovation Region project is expected to speed up economic growth of the area.

The province authorities held a conference early this week to collect opinions from experts on the implementation of the project.

Speaking at the conference, Tran Van Nam, Secretary of the provincial Party Committee, said with the province’s current potential and capacity, especially from the very important achievements in the recent implementation of its Smart City Development Project, we can set up a Binh Duong Innovation Region as the Becamex Investment and Industrial Development Corporation has reported and proposed.

Regarding the policy, the provincial Party Committee agreed with the implementation of the project and the planning of a Science, Technology and Industry Park in the province’s Bau Bang district.

To carry out the project, the province will continue urban and traffic planning, complete a road traffic system, and upgrade streets to address traffic congestion. More belt roads in the province will be built.

The project also highlights building a culture of innovation and entrepreneurship; carrying out digital transformation and Industry 4.0, digital government, and e-commerce; and attracting human resources.

According to authorities, the Innovation Region Project will set up a sustainable innovative ecosystem and culture that will create an interesting environment for start-ups and technological enterprises.

Under the Innovation Region project, Thu Dau Mot city will become a centre in the Innovation Region. The city will have a one-door administration system and include a higher education system, an innovative ecosystem, commercial centre, high-quality urban area, and logistics centre for electronic commerce. IT and telecommunication Infrastructures will also be developed.   

An important feature of the Innovation Region will be the establishment of the Science, Technology and Industry Park. The park will attract institutions and multinational corporations, and promote research and transfer.

Mai Hung Dung, Vice Chairman of the provincial People’s Committee, said that based on other development models of innovation regions, the province’s Binh Duong Innovation Region is suitable for its context.

The province will reform policies and administrative procedures to attract enterprises. It also will focus on improving the quality of life of its residents, and developing green spaces and renewable energy, Nam said.

The number of enterprises in the province increased from 20,000 in 2016 to 44,000 in March in 2020. Its economic growth in the 2011-2020 period was about 8.5 percent each year. Its gross regional domestic product this year is expected to reach 7,665 USD, up from 4,660 USD in 2015./.