Long Hau Industrial Park in Long An province. Long An and other southern provinces plan to expand or build new industrial parks to welcome a new wave of foreign investment. (Photo courtesy of the industrial park) HCM City (VNS/VNA) - Provinces in the southern region plan to expandindustrial parks (IPs) and continue improving the business climate to lureforeign investment following the containment of the third COVID-19 outbreak.
Tran Tue Hien, chairwoman of the Binh Phuoc Province People’s Committee, saidit has sought approval from the Government to expand three IPs with anadditional area of 2,500ha.
It aims to attract 6,000 new businesses, especially in processing, agricultureand supporting industry, over the next five years, she said.
Binh Phuoc has 13 IPs with an area of nearly 4,700ha, and eight industrialclusters with an area of 380ha.
Despite the pandemic, Binh Phuoc last year attracted 120 domestic projects withregistered capital of 12 trillion VND (522 million USD), up 17 percentyear-on-year, and 36 foreign-invested projects worth 432 million USD, or 96 percentof the figure in 2019.
To date, the province has more than 270 foreign-invested projects withregistered capital of 2.7 billion USD.
Nguyen Minh Chien, head of the Binh Phuoc Province Economic Zone Authority,said that Binh Phuoc would improve its investment climate and administrativeprocedures, and offer incentive policies for investors in high-techagriculture, commerce and logistics.
Long An Province has received approval to add three new IPs to the nationalplan, including the Saigon – Mekong IP covering 200ha, Tan Tap IP 654ha, and LocGiang IP 466ha.
Long An will also expand the second phase of Long Hau IP (90ha) and the thirdphase of Xuyen A IP (177ha).
Recently, the Phuoc Dong Industrial Park and Port opened in the province. It islocated 39km from Ho Chi Minh City’s Tan Son Nhat International Airport, 19kmfrom Long An International Port, and 42km from Cat Lai Port.
It spans an area of 128.8ha, of which 92.39ha are industrial land withready-built factories and warehouses.
The port system will be developed to welcome cargo ships with a capacity of20,000DWT in the future.
In addition, the Government has recently allowed Dong Nai province to convert6,500ha of farm land to new IPs and expansion of existing IPs to address ashortage of space.
Six localities in the province such as Long Thanh, Cam My, Thong Nhat, and TrangBom, and Nhon Trach districts and Long Khanh city plan to build more IPs, eachbetween 200ha and 900ha.
Dong Nai will also expand existing IPs as they are all nearly full. Thirty-fiveof them have received approval from the Government, though only 31 are inoperation and one more is under construction, with a total area of over10,000ha.
To date, 1,700 companies have invested in Dong Nai, including more than 1,200foreign firms from 43 countries and territories. The province wants to developlogistics, construction, healthcare and housing.
Nguyen Van Toan, vice president of the Vietnam Association of Foreign InvestedEnterprises, said a good legal framework and reasonable incentives forinvestors were needed to lure the investment./.
VNA
