Expectations of attracting investment projects increase thanks to gradually completed infrastructure

After nearly 25 years, from the initial industrial park (IP) of Phan Thiet phase 1 with a scale of 68 hectares, Binh Thuan now has 9 IPs approved by the Prime Minister to be included in the development plan with a total area of more than 3,000 hectares.

According to the Management Board of Binh Thuan Industrial Parks, the province currently has 6 industrial parks with a total area of 1,093.43 hectares that have been investing in building technical infrastructure, ensuring conditions for secondary enterprises to seek investment opportunities. For the remaining 3 industrial parks including Son My I Industrial Park (1,070 hectares) and Tan Duc (300 hectares), they are in the investment implementation phase, while Son My II Industrial Park (540 hectares) is continuing to complete documents to submit to the Prime Minister for approval of the investment policy. In particular, these are all large-scale industrial parks, multi-industry and very close to Dong Nai and Ba Ria - Vung Tau provinces...

*A workshop on solutions to promote investment in industrial parks in Binh Thuan was recently held in Phan Thiet City.*

As of mid-2023, industrial parks in the province have attracted 86 valid secondary projects with a total investment capital of nearly 16,000 billion VND and hundreds of millions of USD. It is known that the area of industrial land for lease is more than 270 hectares and the occupancy rate of invested and constructed industrial parks is about 37%, of which 66 projects have come into production and business operations. However, Mr. Phung Huu Cu - Head of the Management Board of Binh Thuan Industrial Parks said that the occupancy rate in the province's industrial parks is still low, most of the secondary projects are small and medium-sized, the investment rate is not high with an average of about 42 billion VND/ha... The limitations and shortcomings are mainly due to the infrastructure, especially the foreign traffic in the province, which was not completed before, but now it is different because the "bottlenecks" mentioned above in the locality have basically been cleared.

In fact, since the Dau Giay - Phan Thiet and Phan Thiet - Vinh Hao expressways were officially put into use, they have truly opened up new opportunities and prospects to promote the province's economy . In particular, Binh Thuan tourism is the industry that benefits the earliest with recorded figures in the last two months (May and June 2023) welcoming a high number of visitors with more than 800,000 arrivals/month... Therefore, at the Workshop on solutions to promote investment promotion activities in industrial zones in Binh Thuan held at the end of last month, many opinions expressed optimism about attracting projects in the local industrial sector.

Because in addition to the expressway route through the province that has been seamless, Binh Thuan also has Vinh Tan deep-water port, currently preparing to invest in Phan Thiet airport, general port and LNG Son My gas terminal warehouse... Therefore, the workshop recently held in Phan Thiet city is an opportunity to introduce the potential, opportunities, and investment connections in the province's industrial parks when the traffic infrastructure in Binh Thuan is gradually being completed. Here, not only the industrial park infrastructure investors in the province but also representatives of the Southern Investment Promotion Center (under the Ministry of Planning and Investment), the Management Board of Export Processing Zones - Industrial Parks and a number of potential investors from Ho Chi Minh City also highly appreciated the potential and advantages of the locality. Thereby, it is expected that in the near future, industrial parks in Binh Thuan can attract investment projects such as welcoming the increasing number of tourists to the locality in recent months.

To make the most of the opportunity to attract projects to industrial zones, Binh Thuan commits to continue reforming administrative procedures and accompanying businesses in site clearance, removing difficulties and obstacles, ensuring security and order in the investment project area... Along with that, it also demonstrates hospitality, respect and understanding of partners, ready to welcome domestic and foreign investors and businesses to invest in various fields, including industry. Thereby contributing to making Binh Thuan an ideal investment destination, creating favorable conditions for industrial zones in the province to soon attract projects to fill up the leased area and move towards sustainable development.

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