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Thứ 3, Ngày 16/04/2019, 10:00
Binh Duong Smart City Scheme – Episodes 4: Raising investment attraction
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16/04/2019 | Nguyễn Trang
BEGIC - ​The 4th industrial revolution is setting many opportunities and challenges for developing countries like Vietnam. Seizing the trend of the times, Binh Duong has strongly renovated its development model, creating a breakthrough in investment attraction, forming a new driving force for economic growth and sustainable development through a long-term action program called "Binh Duon​​​​g Smart City Scheme".

Investment environment was good

Looking back on the 22 years journey of investment attraction, Binh Duong has not only gained a reputation for domestic investors but also has been evaluated by many foreign investors as an ideal investment location. By the end of 2018, Binh Duong has over 3,500 foreign investment projects (FDI) from 64 countries and territories with a total registered capital of more than US $32.5 billion, becoming the 3rd locality in terms of FDI attraction. Besides, the whole province has 36,379 domestic investment enterprises with a total registered capital of over VND 296,989 billion. There are many factors for Binh Duong to become a "Bright Spot" to attract investment during the past two decades, "spreading flowers to invite investment" is the motto which we must mention, the view of facilitating investment enterprises is the task of the whole political system, which turned Binh Duong from a province with a predominantly agricultural economy into a locality with high speed of industrialization and urbanization in the Southern key economic region.

With the important contributions of Binh Duong in attracting investment in the past time, as well as great expectation for the province in the future, Binh Duong was honored to receive the Certificate of Merit from the Prime Minister and was selected as the speech representative on the success of FDI attraction at Conference to summarize 30 years of attracting foreign investment into Vietnam took place at the end of 2018.


The Prime Minister Nguyen Xuan Phuc (left) awards the Certificate of Merit to Binh Duong Province for the contributions in 30 years of investment attraction. Image. Binh Duong Newspaper

Continuing the above result, right at the beginning of 2019, the Ministry of Planning and Investment has chosen Binh Duong as the locality to organize "Conference on institutional and policy consultation on FDI in the new context", ​​chaired by Deputy Prime Minister Vuong Dinh Hue.

Discussing at the conference on the role of FDI in industrial development associated with the development of smart urban in Binh Duong, Mr. Tran Thanh Liem - Chairman of Provincial People's Committee said, in the coming time, Binh Duong will continue to effectively implement solutions associated with the implementation of the Program "Innovation in investment attraction in the period of 2016-2020"; attract investment focusing on trade - service sector, urban development projects, high-tech agriculture, high-tech production, supporting industries, less polluting the environment and the ability to make major contributions to the budget. In addition, Binh Duong's determination to build Smart city is also the determination to create an ideal business investment environment with the expectation that the "wave" of investment in the province will increase even more in the future. Currently, Binh Duong province is encouraging and having a roadmap to gradually convert industrial land structure in industrial parks in Thuan An and Di An town to commercial and service land in a reasonable manner, in accordance with land use planning in each period. At the same time, the province also promotes the development of industrial parks concentrated in the north of the province, associated with synchronous infrastructure investment outside industrial parks to ensure the needs of production, business, trade, freight for businesses.

This is a new step; creating conditions for Binh Duong to continue develop socio-economic as well as accelerate investment attraction capital in the new period.

Facilitating a better investment environment

"Enterprises Field" is one of four important fields in the development of Binh Duong' Smart City Scheme. Therein, the Scheme is focusing on supply chain development, increasing enterprises network, raising investment attraction in both quality and quantity, toward Hi-Tech enterprises, creating high added value.

Consolidating existing enterprises and building new enterprises are the main goals of programs and projects in the "Enterprise" field of Binh Duong' Smart City Scheme. Currently, Binh Duong has many huge advantages with the quality and quantity of industrial parks and manufacturing companies.

Shared innovation investment environment solution of Binh Duong, Mr. Peter Portheine - Director of Brainport Development Group (Netherlands), which has 20 years of experience in developing Smart City, he said that, in many different ways, the provincial programs should be further promote the support of enterprises to develop business activities in the region, in domestic and foreign and beyond that it is easier to internationalize like supporting businesses and startups. Especially, the province should pay attention to network creation and connection with international networks of Smart Cities, science and technology in the world, especially organizations that Binh Duong has participated such as WTA, ICF, Horasis, as well as cooperating in the supply chain, encouraging multinational corporations to conduct business activities in the region, using local suppliers.


Garment plant of Atago Company has just opened and put into operation in Bau Bang Industrial Park

Mr. Nguyen Thanh Truc - Director of Planning and Investment Department, he said that currently, the province is coordinating with the parties to research and develop the enterprise database management software system, which is the foundation to help manage enterprises from the state more effective, and in the future it can become open databases in a number of specific fields to help enterprises and organizations connect, research and make investment analysis. This is also the project selected by the Executive Board of Smart City and completed in 2019.

Besides, the implementation of investment attraction renovation, newly established industrial zones in the province are moving toward high technology, green and clean such as Vietnam - Singapore Industrial Park 2A; Becamex IDC is researching and deploying the Science and Hi-Tech Industrial Park (900 hectares), associated with university and urban university cluster, creating an important premise in investment attraction, especially foreign investment in Hi-tech and high levels of intelligence services. Currently, some units are cooperating to research and deploy the semiconductor manufacturing factory (Back-end stage), which is a highlight in the launch in Binh Duong's Hi-tech industry, is expected to start the project in 2019.

In order to promote innovation, support start-ups, build a good business environment for new enterprises, expand the connection of existing enterprises, the province will put into operation the Center of Community Initiatives and Star-up Support in the middle of 2019.

It can be said that, the province's breakthrough stra​tegies and investment attraction towards the Smart City initially confirmed the position of Binh Duong in the international arena, opening a new phase with the trend of collaboration and cooperation between domestic and foreign provinces and cities, facilitating businesses to reach out in the era of science and technology, consolidate the confidence of investors and contributing to the attraction of foreign investment in the province more and more convenient and effective.

Last episodes – Positioning Binh Duong brand in the international arena

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