Priority for Large Scale, Dynamic Projects

Currently Binh Dinh province has 5 industrial zones which have attracted 192 projects with registered capital of about VND6,071 billion. Particularly, Phu Tai Industrial Zone attracts 110 projects with total registered capital of VND3,133 billion, disbursed capital of VND2,700 billion, of which 98 projects are launched. Long My Industrial Zone has 31 projects with total registered capital of VND916 billion, disbursed capital of VND645 billion; and 16 projects are put into operation. Nhon Hoa Industrial Zone attracts 18 projects with registered capital of VND1,656 billion, disbursed capital of about VND713 billion, and 2 projects are operating. Industrial zones of Hoa Hoi and Cat Trinh are in the process of land clearance and infrastructure construction. There is also Binh Nghi – Nhon Tan industrial zone with an area of 228 ha that is calling for infrastructure investors.

 

Sharing with us about the advantages and investment attraction efficiency in industrial zones, Mr Man Ngoc Ly, Head of Management Board of Economic Zones of Binh Dinh province, said that the capability and cover rate of each industrial zone in the province is different, depending largely on the specific advantages of each industrial zone. For example, industrial zones Phu Tai and Long My are the centre of wood processing, pulp and granite for the region and throughout the country.

 

Meanwhile, Nhon Hoa Industrial Zone develops industries processing agricultural products and animal feed, with well known feed brands such as CP Group, Greenfeed and Newhope. It is easy to see that the basic advantage of industrial zones in Binh Dinh is convenient communication that combines areas of raw materials. Abundant labour force is another strength of Binh Dinh.

 

In 2011, thanks to many measures to reduce difficulties, activities of economic zones of Nhon Hoi and industrial zones in the province still had encouraging growth. The value of industrial production in these industrial zones reached about VND2,867.38 billion, up 21 percent, accounting for 38.4 percent of total value of industrial production of the province. Value of exported products reached US$159.48 million, down 8.52 percent over the same period of last year. In the first 6 months of 2012, industrial production value reached VND1,323 billion, up 8 percent over the same period last year, accounting for 33.6 percent of that of the whole province.

 

In 2011 and the first 6 months of 2012, there were 36 projects granted investment certificates in industrial zones, with a total registered capital of VND1,900 billion, bringing the total number of projects in this area to over 192 investment projects with registered capital of VND6,072 billion. However, the rate of investment capital disbursement is unsatisfactory. In order to overcome this situation, as well as to improve the efficiency of attracting investment and development in the coming time, the province will make all efforts to attract a number of large scale, dynamic projects. At the same time, it also proposes to the Central Government and Ministries additional plans and directions for groups and corporations of the State to invest in key projects the area. Besides that, by addressing some of the investment groups, foreign investors, who have the capacity and potential appropriate investment areas, the Management Board will coordinate with each of them to call for investment.

 

About development prospects in the coming years, Mr Ly said that the economic situation would remain unpredictable, so investment projects and ongoing activities must be significantly impacted. However, some ongoing production projects in Nhon Hoa industrial zone will create value for industrial production in 2012 and the next year on a sustainable basis. In the following time, aiming to further improve investment efficiency, Binh Dinh province is focusing on attracting the support of industry projects to motivate the development of industrial zones in the province. Additionally, it will also organise Investment Promotion activities in Tokyo and Osaka (Japan) this fall, calling for small and medium-scale investment in the high technology and supporting industries.