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Efforts to attract investment, effectively operate trade - service infrastructure, step by step standardize provincial commercial platform based on cooperation with international trade associations have brought convenience and utilities to businesses and people.

Parallel development

Dr. Tran Du Lich, a member of the National Monetary and Financial Policy Advisory Group, assessed that Binh Duong had proven its value as a leading industrialized province in the country, a model of parallel development in many fields of industry, trade and service in the direction of mutual support. Practice shows that where the industry develops rapidly, attracts many workers to work, the demand for accommodation, shopping and entertainment there will increase. The attraction of investment into industrial parks with methodical infrastructure has facilitated the comprehensive development of trade and services spreading along the North-South axis of the province.

Many international exhibitions and conferences choose Binh Duong as the place to lay the foundation for the development of new production tools, improvement and upgrading of the industrial foundation. In photo:  Provincial leaders and businesses visit the Vietnam Industry Exhibition 2022 held in Binh Duong.

Binh Duong's decision to build an industrial - service - urban complex as a pilot model for integrated development, including: urban areas, industrial zones, high-quality commercial and service areas, residential areas, and resettlement zones for people, is a breakthrough idea to change completely the way of attracting and calling for investment of Binh Duong, including the agreement about management, calling for investment as well as building technical infrastructure and synchronous trading-service infrastructure. Thereby, helping to gradually form an investment attraction strategy based on building a complete ecosystem to serve the needs of domestic and foreign investors, improving people's living standards.

Thanks to the parallel development of industry and services, Bau Bang district has made new progress compared to five years ago. Vo Thanh Giau, People's Committee Chairman of Bau Bang District, said that along with the development of industrial sectors, Bau Bang had gained good results of investment attraction in trade-service, meeting the demands, becoming an industrial city. In the coming time, the district will stimulate the growth of logistics sector to meet the demand of industrial development.

As an enterprise investing in industrial development in a land with many difficulties, Le Hoai Nam, General Director of KSB Industrial Development Company, said that up to now, North Tan Uyen District has really changed as its infrastructure was completed, creating a driving force for the development of industries, contributing to changing the urban face, promoting the development of trade and service in this area. This is a good foundation for the investors to expand phase 2 of its project. In phase 2, along with industrial infrastructure, KSB also invests in trade and service infrastructure to serve the demands for accommodation, shopping and entertainment of workers in industrial parks. Specifically, the project will provide support services, such as finance, transportation services, healthcare, education, culture - entertainment, recruitment and training of labor for businesses, striving for the goal of a civilized urban area, providing a good living environment for residents.

In order to create favorable conditions for people and businesses, investment and trade promotion has been synchronously implemented by the provincial industry and trade branch, contributing practical support to production business activities of enterprises. E-commerce infrastructure, digital transformation is prioritized by the province. Cooperation programs, goods supply and demand connecting programs between Binh Duong and other localities after many years have strongly spread, contributing to creating a diversified supply of high-quality products for consumers.

To bring on a new look

Up to now, with the role of a connective urban center, Binh Duong New City has become a city of science, education, finance and high-quality services. The New City has been a destination for international trade activities, creating a driving force for investment attraction and development of surrounding industrial zones.

Binh Duong New City World Trade Center has been put into operation and successfully hosted dozens of international conferences. In Binh Duong New City, high-class residential areas built by leading partners in the world meet the increasing demand of residents as well as investors, experts... Cross-border e-commerce, financial centers, banking sectors, and many other subdivisions have been formed and developed, bringing a new look and convenience to people and businesses.

In order to continue creating a breakthrough to boost the development of the trade and service sector in smart city construction, the province began the construction of a 900-ha scientific technological industrial park invested by Becamex IDC. This is one of key projects of the Smart City project. This special industrial park will have high-level institutes and schools, international-standard hospitals to serve local folks as well as domestic and foreign workers in the province. The accompanying services and utilities will be developed synchronously and harmoniously between the scientific technological industrial park and existing residential areas.

Up to now, at the complex, the school system at all levels has reached international standards, such as: Eastern International University, Vietnam-Germany University etc. offer education programs 100% in English, focus on key industries serving the industrial development of the province, such as: information technology, mechatronics, electricity - electronics..., laying the foundation for the development of new production tools, improving and upgrading the industrial foundation through research and development projects. All are to meet the demands for recreation, learning and development of people in the province and neighboring provinces, cities.

In order to strongly attract investors, Binh Duong focuses on developing logistics service infrastructure, contributing to the circulation and distribution of domestic goods and import export. Up to now, the province has 15 logistics centers, and strives by 2025 to have some large centers reaching the development level on e-commerce platform. Binh Duong has planned for 10 river ports and currently has 4 ports in operation for freight transport and tourism, including Binh Duong general port, Thanh Phuoc port, Ba Lua port and An Son port.

Reported by Tieu My - Translated by Ngoc Huynh