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Due to the impact of the COVID-19 epidemic, the situation of attracting investment will face many difficulties in 2021. Faced with this situation, many industrial parks in Ben Cat town have taken measures to prepare to attract investment from the beginning of 2022.

Rach Bap Indútrial Park in Ben Cat town well prepare the infrastructure to be ready for welcoming investments

Many more projects attracted

With many available advantages in terms of geographical location and technical infrastructure, Ben Cat town expects that in 2022, attraction of domestic investment capital and foreign direct investment (FDI) will prosper. From the beginning of the year, the town and local businesses have implemented solutions to create breakthroughs to meet or exceed the annual plan.

It can be seen that, in recent years, Ben Cat Town has focused on planning the development of industrial zones and clusters, clearing ground to create a clean land fund to attract investors. The industrial parks in the town are built with modern and synchronous technical infrastructure, connected through the main traffic routes of National Highway 13 and DT744 to Ho Chi Minh city and neighboring provinces. Along with that, the DT748 and ring routes create favorable conditions for trade in the region by helping investors reduce time and save transportation costs. These industrial zones and clusters have brought into play their effectiveness by attracting many investors to do business, and promote the development of the local industry.

Typically, one of the enterprises investing in the town has developed production and business very well - Kaiser Wood Industry Co. Ltd. of 100% Taiwanese capital in My Phuoc I industrial park with a total investment of USD 70 million, came into operation in 2004 with 6,000 employees. Each month, the company exports from 800 to 1,000 containers to the US market. The company's average annual revenue reaches USD 100 million or more. Mr. Ta Canh Phung, Director of Kaiser Vietnam Wood Industry Co. Ltd., said that the political situation, security and order in Binh Duong in general and Ben Cat town in particular are always guaranteed, so the company has been very assured in terms of production and business operations. Up to now, the company has expanded its factory with a scale of more than 20 hectares in Rach Bap industrial park; thereby, creating more jobs for more than 3,500 employees, and significantly contributing to the socio-economic development of the locality. "In 2021, despite difficulties, the locality always accompanies businesses, so the problems are solved in time, and the company's production and business situation is still stable," Mr. Phung added.

One mark in the economic development of Ben Cat town, which is currently associated with local investment projects, is the FDI inflows invested in local industrial parks, mainly focusing on supporting industries and high technology with large investment capital resources. The prominent projects include car tire factory of Kumho Asiana Group (Korea), Orion Vietnam Food Company Limited (Korea), Kaiser Vietnam Wood Industry Co. Ltd. (Taiwan), Yue Chang Co. Ltd., Machinery & Saw Blades Manufacturing Co. Ltd., Zin International Company Dar Vietnam, Khang Duy Steel Joint Stock Company, Viet Nhat Refrigeration Company Limited, Bogo Eng Vina Co., Ltd and so on. Therefore, the occupancy rate of industrial parks in the area increases every year, industrial production increases year on year as business has prospered.

Ready for new investors

Protrade International Company Limited is located in Protrade industrial park of An Tay commune of Ben Cat town on an area of 500 hectares. This is an industrial park built in the direction of multi-industry, focusing on attracting supporting industry projects, high technology, low labor usage and no environmental pollution. Up to now, the industrial park has reached the occupancy rate of nearly 80% with 78 investors, of which 53 enterprises have gone into production and business operations.

According to a representative of Protrade International Company Limited, in 2021, the COVID-19 epidemic has greatly affected the attraction of FDI investment. Many businesses that have rented infrastructure to prepare for project implementation have not been able to do it, and businesses who want to learn and invest in industrial parks were even more difficult. In 2022, the company has implemented many measures to prepare to attract investors from the beginning of the year such as well preparation of the infrastructure to be ready for investment, necessary policies and procedures to support investors. Hopefully, in 2022, the company will continue to promote the search and attract customers, striving to increase the occupancy rate of the industrial park.

Information from Mr. Tran Quoc Thai, Director of An Dien Industrial Joint Stock Company, said that An Dien Industrial Joint Stock Company is the investor of Rach Bap industrial park, currently has 83 businesses investing in the park with a total of 86 licensed projects. The company is applying for an investment policy to expand an industrial park on an area of 360 hectares. In this extension, almost 80% of customers have been reached, due to the good local investment environment, which is always favorable for attracting more and more businesses to invest in the area.

According to the provincial Management Board of Industrial Parks, recently many large investors from many countries have come to learn about the environment in Binh Duong in general and in Ben Cat Town in particular. Therefore, localities need to pay attention to reforming procedures quickly, creating maximum conditions for investors who are looking for potential markets, and at the same time supporting businesses that are still facing problems. Currently, the authorities, departments and sectors are keeping on to make efforts to implement solutions to improve the investment and business environment. At the same time, industrial parks promote investment in infrastructure construction to attract more production projects; strengthen the state management of land to support enterprises to develop production and business operations. Plans are well implemented in a hope to attract investment in industrial parks Ben Cat town for many good results in 2022 and the following years.

Currently, 8 industrial parks and 1 concentrated production zone with a total area of nearly 4,100 hectares reside in the town. The industrial zones in the area have basically been filled with 5,254 projects. In which, domestic investment capital of 4,473 projects is accounted for a total capital of VND 45,203 billion. Foreign investment capital of 781 projects is acounted for total registered capital of USD 7.7 billion.

Reported by Thoai Phuong – Translated by Vi Bao