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Over the past years, Binh Duong was among the country’s top localities in fostering industrial parks (Ips) and was ranked third nationwide in FDI attraction. The province’s investment for Ips construction in 2020 reached high results, which was seen as the foundation for the local investment attraction.

Province-based Ips have a modern and synchronous infrastructure system. In picture: The way to VSIP

It is known that investors of province-based Ips have spent more than VND208billion on infrastructure construction or 147.7% of 2019’s plan and 104% of 2020’s plan. So far, the figure has amounted to more than 16.05trillion or 60.35% of total capital approved. Province-based Ips have also grown 655.35 hectares of green trees in concentration or 64% of the plan and 104,803 hectares of green trees in dispersion. They has to date reached 87.37% of the rate of land tenancy.

In 2020, province-based Ips Management Board also verified 146 construction drawing works with total construction floor area of more than 1.97 million square meters and total investment capital of VND4.7trillion; granted licenses to 147 works with total construction floor area of more than 1.22million square meters and total investment capital of more than VND3.96trillion.

Bui Minh Tri, Head of province-based Ips Management Board said that province-based Ips’ total investment capital in 2020 was more than VND8.65trillion, up 50.35% compared to 2019 or 360.66% of the year’s plan with the rate of land tenancy at 132.85% of the year’s plan. This investment will create the foundation for the local investment attraction and industrial development.

Reported by Phuong Le-Translated by K.T