The Management Board of Binh Thuan Industrial Parks has been recognized for its diligent efforts and success in amplifying its role as a catalyst in the development of industrial parks. With the gradual improvement of infrastructure and the implementation of open policies, the province is poised to attract an increasing number of projects.
A workshop on strategies for enhancing investment promotion activities in Binh Thuan province’s industrial parks
Enhancing efficiency
In 2023, the Binh Thuan province’s efforts to promote and attract investment in industrial parks were evaluated as highly successful. Specifically, through the execution of Decision 655/QD-UBND, the Board developed a plan to foster investment in industrial parks. This included notable activities such as the successful organization of the “Workshop on Solutions to Promote Investment in Industrial Parks”, the arrangement of working sessions, and the signing of cooperation agreements. The Board also provided support in soliciting investment from organizations with domestic and foreign investment promotion functions such as the VCCI Binh Thuan, the Foreign Investment Agency, JETRO, TAITRA, and KOTRA. These initiatives have led to the introduction and solicitation of domestic and foreign investors to research and invest in industrial parks in Binh Thuan province.
“In addition to identifying and soliciting new investors, the Board has also concentrated on on-site investment promotion and has successfully organized a ‘Workshop to Promote On-Site Investment Promotion in Agriculture-Forestry-Fisheries’, encouraging businesses to expand investment or form joint ventures and collaborative investments in industrial parks. Consequently, since the beginning of the year, more than 30 domestic and foreign investors have come to research and explore investment opportunities in industrial parks. Numerous investors have signed MoUs, and nine investors have decided to invest in the Binh Thuan Industrial Park (eight projects with domestic investment capital and one project with foreign investment capital, with a total registered investment capital of VND1,494 billion and US$3.6 million respectively, and a total leased land area of 40.54 hectares),” shared Mr. Phung Huu Cu, Director of the Management Board of Binh Thuan Industrial Parks.
One of the key strengths of the Management Board, highly valued by businesses and investors, is its unwavering support for businesses and investors in all aspects, under any circumstances. The Board holds monthly meetings between Board leaders and department leaders, quarterly meetings with infrastructure investors, and organizes preliminary and final reviews of the industry every six months and annually to listen to the existence and difficulties of businesses. In particular, the issue of administrative procedure reform has been effectively implemented by the Board, gradually reducing the time and effort of investors and businesses. Currently, many of the Board’s procedures have been streamlined while still ensuring compliance with regulations.
Son My 1 Industrial Park project
Challenges and solutions
In 2024, the Board is committed to focusing on key tasks such as promoting the environment, policies, potential, and opportunities; connecting investment and enhancing the effectiveness of promotional activities in the province’s industrial parks, leveraging the advantage of the operational Dau Giay-Phan Thiet-Vinh Hao highway. The Board aims to effectively carry out on-site investment promotion activities, tailored to the conditions of the province’s industrial parks. Concurrently, the Board plans to conduct investment promotion activities such as organizing working groups to meet and exchange investment promotion cooperation with embassies, consulates, and economic and trade counselors in Ho Chi Minh City. It also plans to organize an investment promotion conference in conjunction with the 25th anniversary of Management Board of Binh Thuan Industrial Parks, participate in seminars, conferences, forums, discussions and training classes on investment promotion and foreign investment knowledge organized by the Ministry of Planning and Investment.
In line with this, the Board has proposed fundamental solutions to effectively implement investment mobilization, prioritizing the selection of large-scale, high-quality projects with highly competitive products that can participate in the global value chain of transnational corporations. The Board will enhance the effectiveness of state agencies’ support activities for investors, publish the processes and procedures for implementing administrative procedures in all fields, proactively approach investors through participation in promotion and cooperation forums in the field of investment at regional, national, and international levels, and select and mobilize potential investors with good capacity to directly invite investment in industrial parks.
Mr. Phung Huu Cu said that recently, there have been numerous issues related to compensation and site clearance of some industrial parks. The most significant problem is the appraisal of specific land prices to apply compensation and site clearance prices. As the focal point agency, the Board has coordinated with the Department of Natural Resources and Environment, the People’s Committee of the districts hosting the industrial parks, and the industrial park infrastructure investors to organize numerous meetings to address difficulties and obstacles or submit them to superiors for review solutions. In 2024, the Board will continue to concentrate on tasks related to compensation and site clearance. Specifically, at Son My I Industrial Park, Tan Duc Industrial Park, Son My 2 Industrial Park, the Board will urge the investors, consulting units, and related agencies to complete the specific land price plan as prescribed.
Simultaneously, to improve the Provincial Competitiveness Index, the Board will continue to effectively implement relevant contents according to the plans and action programs of the Provincial People’s Committee with the determination to create a favorable investment environment for businesses investing in industrial parks in the area. “We are committed to continuing to reform administrative procedures and accompany businesses in site clearance, removing difficulties and obstacles, and ensuring security and order in investment project areas. We also show hospitality, respect, and understanding of partners, and are ready to welcome domestic and foreign investors and businesses to invest in all fields. This will contribute to making Binh Thuan an ideal investment destination, creating favorable conditions for industrial parks in the province to soon attract projects to fill rental areas and move toward sustainable development,” Mr. Phung Huu Cu said.
By Duy Anh, Vietnam Business Forum
Vietnamese
