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Nhon Hoa Industrial Park - photo: Nguyen Dung

Over the past few years, relevant agencies of the province have increasingly supported investment in the province, including industrial parks and industrial clusters. However, there are existing problems affecting the efficiency of investment attraction in industrial parks and industrial clusters, such as there is not much land available; infrastructure; electricity, water, and waste treatment facilities are not effective. Some industrial parks  and clusters in the province currently have high land rental prices for infrastructure and infrastructure services. Specific names to be listed include Nhon Hoa Industrial Park, Nhon Hoi A Industrial Park, Hoa Hoi Industrial Park, Cau Nuoc Xanh Industrial cluster… Therefore, the Chairman of the Provincial People's Committee directed:

(1) Assigning the Economic Zone Management Board to preside over and collaborate with  the infrastructure investors of the industrial parks in monitoring investment rates, infrastructure responsiveness, infrastructure leasing price, investment progress in line with regulations; setting appropriate prices to promote investment attraction; to propose solutions and  to report to the Provincial People's Committee before August 15, 2023.

(2) Assigning the Department of Industry and Trade to assume the prime responsibility for, and collaborate with  the infrastructure investors of industrial clusters and related agencies and localities in monitoring the investment rates, the ability to meet the basic requirements of the industrial clusters, infrastructure leasing price, investment progress as prescribed in industrial clusters; setting appropriate prices to promote investment. Also, a report shall be made on the land area ready to attract new projects basing on the reports of localities; and proposals are made to the Provincial People's Committee before August 15, 2023.

(3) Chairpersons of People's Committees of districts, towns and cities direct relevant agencies and units to accelerate site clearance for industrial clusters and propose solutions to prepare clean land for investment, at least from 20 to 30 ha per area per year, it is to ensure that the land area is ready to attract new projects; report to the Department of Industry and Trade before August 12, 2023 to report to the Provincial People's Committee.

It is a drastic solution of Binh Dinh provincial people committee to meet the needs of land funds of investors, also to provide regulations on rental prices of infrastructure and service prices.

Since the beginning of the year, the province has attracted 49 new domestic investment projects with a total registered capital of VND 11,559,758 billion, achieving 81.66% of the whole province's 2023 plan (49/60 projects), amending 51 projects with an increased value of VND 3,770,501 billion. Besides, 1 FDI project worth USD 81,065 was granted investment certificate; amending 4 FDI projects to increase capital by USD 26.28 million, recovered 1 project with total investment capital of 102 billion VND (USD 4,396,551). Cumulatively, the province has 86 FDI projects with a total registered capital of over USD 1.128 billion; of which 48 projects are outside economic zone and industrial parks with a total value of USD 245,628 million and 38 projects in economic zone and industrial parks with a total value of USD 882.82 million.