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In order to continue attracting effective investments, many industrial zones in Ben Cat town have implemented synchronous solutions and prepared all conditions to welcomed investment capital flows in a new stage right after the epidemic Covid-19 has been controlled.

Rach Bap Industrial Park is well prepared in terms of infrastructure to welcome investor

To attract more projects

Over the past years, Ben Cat town has focused on planning the development of industrial zones and clusters and site clearance to create a clean land fund to attract investors. The local industrial zones are built with synchronous and modern technical infrastructure in connection with the main traffic routes such as Highway 13, DT744, DT748, and Vanh Dai etc. to facilitate trade and help home investment to reduce time and save shipping costs. Industrial zones and clusters have brought into play efficiency to attract many investors and promoted the development of local industries.

Kaiser Vietnam Wood Industry Co. Ltd of 100% Taiwanese capital at My Phuoc Industrial Park I with total investment capital of USD 70 million has been in operations since 2004 with 6,000 employees. Each month the company exports from 800 to 1,000 containers to the US market. The average annual turnover of the company reaches more than USD 100 million. Ta Canh Phung, Director of Kaiser Vietnam Wood Industry Co. Ltd. said that since the establishment of the company, there have been many difficulties in legal procedures but by the support of the local government, the company have been into stable operation. Security and order situation in Binh Duong in general, Ben Cat town in particular is always guaranteed, so the company is very secure in production and business operations. Up to now, the company has expanded its factory to more than 20 hectares in Rach Bap Industrial Park. Thereby, it has created extra jobs for more than 3,500 employees, contributing significantly to the socio-economic development of the locality.

It can be affirmed that the imprints in the economic development of Ben Cat town are now associated with investment projects in the locality. Thanks to the synchronous implementation of solutions, up to now, foreign-invested (FDI) projects invested in industrial zones of the town are mainly focused on supporting industries and high technologies. Large investments have been made to projects such as car cover factory of Kumho Asiana Group (Korea), Orion Vietnam Food Co., Ltd. (Korea), Kaiser Vietnam Wood Industry Co., Ltd. ( Taiwan, China), Eastern Bibica Co., Ltd. Yue Chang, Machinery & Saw Blades Manufacturing Co., Ltd., Zin Dar Vietnam International Company, Khang Duy Steel Joint Stock Company, Viet Refrigeration Co., Ltd. Japan, Bogo Eng Vina Co., Ltd among others. Therefore, the occupancy rate of industrial zones in the area has increased year on year and industrial production has prospered.

Currently, the town has 8 industrial zones and 1 concentrated production area with a total area of nearly 4,100 hectares. The industrial zones in the area have basically been filled with 4,386 projects. In which, domestic investments have been made to 3,955 projects with a total capital of VND 40,540 billion and foreign investment capital to 737 projects of total registered capital of USD 7.7 billion.

Ready for welcoming investors

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

According to an unnamed representative of Protrade International Company Limited, since the outbreak of Covid-19 epidemic which has had great impact on attracting FDI investment, many businesses that have hired infrastructure to prepare for project implementation have not been able to do so while some businesses want to find out how to invest in industrial zones are facing more difficult situations. The company has deployed many solutions to prepare to attract investors when the disease situation is controlled. The infrastructure, the necessary policies and procedures to support investors are well prepared. From now to the end of the year, the company will continue to promote the search for and attraction of customers, striving to improve occupancy.

Information from Tran Quoc Thai, Director of An Dien Industry Joint Stock Company - the investor of Rach Bap Industrial Park, showed that there are 83 enterprises investing in the industrial park with a total of 86 licensed projects. The company is applying for investment policy to expand the industrial park into an area of 360 hectares. In this extension, there are almost 80% of customers. The local investment environment is good thanks to available favorable conditions for businesses; more and more businesses are attracted to invest in Ben Cat town in particular and Binh Duong in general.

In the post-Covid-19 stage, many foreign enterprises wishing to diversify their production facilities tend to convert their supply sources to Vietnam, which is a good opportunity. Masaaki Takida, Chairman of Punch Industry Group (My Phuoc Industrial Park III in Ben Cat town), said that during the survey of a number of industrial zones across the nation, it showed that the investment environment in Vietnam is popular with many Japanese enterprises for their very high rating. Finally, Punch Industry Group chose My Phuoc Industrial Park in Binh Duong province as the place for investment in production and business operations.

According to the Management Board of Binh Duong provincial industrial zones, recently, many large investors from many countries have come to find out about investment in Binh Duong in general and Ben Cat town in particular. The Management Board of Binh Duong provincial industrial zones commented that the post-Covid-19 investment wave would be directed to the industrial parks of the province. Therefore, it is necessary to pay attention to quick procedure reforms to offer the best conditions for investors looking for potential market sand at the same time supporting businesses that are still facing difficulties and problems.

Currently, the authorities, departments and sectors are making efforts to implement solutions to improve the investment and business environment. At the same time, the industrial zones boost investment in the construction of infrastructure and attract more production projects by strengthen the state management of land, favorable conditions, and support for enterprises to develop their production and business operatinos. On the other hand, they prioritize to attract investment projects using high technology, competitive products, and friendly with the environment such as automobile mechanics, electrical industry, electronics and so on. Thereby, it will be hopeful that the situation of attracting investment into industrial zones in Ben Cat town would prosper in 2021 and the years to come.

Reported by Thoai Phuong – Translated by Vi Bao