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To implement development orientation of the province, the Management Board of provincial Industrial Parks (IPs) has cooperated closely with relevant branches and localities to deploy solutions to attract investment and solve difficulties for enterprises. As a result, in 2020, despite being affected by the Covid-19, production and business activities in provincial IPs were sustained stably.

With many effective solutions, enterprises in the province make efforts to stabilize their labor, recover production and business.

 According to Provincial IPs' Management Board, Binh Duong currently has 29 IPs, with a total planned area of over 12,670 hectares, of which 27 IPs have been put into operation with a total area of 10,970.5 hectares. The IPs have leased lands with a total area of more than 6,664 hectares, occupancy rate 87.37%, with 2,933 valid projects, of which 77.6% were FDI projects.

In 2020, many FDI enterprises continued to invest and expand their production and business, such as: Hai My Company - Saigon Factory invested in machinery and equipment for the production and processing of sport shoes (VND 25.3 billion); Huge - Bamboo Textile Industry Company invested in textile, dyeing and printing on fabric (VND 48 billion); Chi Hung Company invested in shoe production (VND 21.5 billion); GS Vietnam Battery Company built factories, purchased machinery and equipment for battery production (VND 191.5 billion); SNP Company purchased factories and invested in garment processing (VND 30.1 billion); Vision International Company invested in factories to produce golf clubs (VND 125.8 billion)...

In order to attract investment capital, Provincial People's Committee instructed Provincial IPs' Management Board and related agencies to actively promote investment, attract investors, especially foreign investors. For foreign investors who are applying for investment licenses, Provincial People's Committee directed Provincial IPs' Management Board to study and evaluate carefully, selectively; at the same time proactively inform investors about the Government and the province's guidelines on investment attraction.

Due to effective support solutions of the province plus enterprises' efforts to overcome difficulties, production and business activities in industrial zones have been stable. During the year, IPs investors invested in infrastructure with a total capital of over VND 208 billion; subleased a total land area of 266 hectares, total FDI attraction reached $1.31 billion (accounting for 60% of the whole province) and VND6,755 billion of domestic investment.

According to Shim Myeong Sup, CEO of KoLon Industries Vietnam Company, imported raw materials become scarce due to the epidemic, the company has actively sought and expanded the search for raw materials to maintain production activities, timely meet the signed orders, while looking for, expanding the market for product consumption. Currently, the company still sustains all employees and applied strict disease prevention and control measures. Currently, the company is speeding up the process, using many new trading methods and finding more export orders.

In order to create favorable conditions for enterprises and investors, recently, Management Board of provincial IPs together with departments and industries regularly held conferences to meet enterprises, investors in countries such as Japan, Korea, Australia... In investment promotion programs, potential, competitive advantages, favorable mechanisms and policies of the province are introduced to attract enterprises. In addition, Management Board of provincial IPs has actively reviewed and simplified administrative procedures to reduce troubles for investors of industrial parks. Up to now, 100% administrative procedures of investment in industrial zones are received at Provincial Public Administration Center; 100% administrative procedures under the jurisdiction of the Management Board is done on-site; level-3 online public services are applied for 47/47 administrative procedures.

In addition, in order to implement the direction of the Government and the province, Management Board of provincial IPs in cooperation with relevant departments, branches and municipalities is implementing measures to remove difficulties for enterprises, maintain business activities after the Covid-19. In particular, the Management Board supports FDI enterprises in inviting foreign experts and workers to work in Binh Duong, local labor recruitment, and implementing measures to ensure labor safety, order and sanitation at enterprises...

Bui Minh Tri, Head of Management Board of provincial IPs said, thanks to many effective solutions to support business, enterprises of the province in general and enterprises in IPs in particular have sustained the pace of production and business, generated added value, contributed to economic growth of the province. Besides, provincial IPs prepare land, infrastructure and human resources to be ready for the flow of foreign investment shifting, focus on multinational corporations owning high, modern, environmentally friendly technologies.

 Reported by Ngoc Thanh - Translated by Ngoc Huynh