Binh Duong will continue infrastructure upgrades in its industrial parks (IPs) and preference projects according with provincial development ambitions. Binh Duong encourages industrial energy-saving technologies, increasing the localization rate, promoting product quality and competitiveness, limiting labor intensi
Binh Duong will continue infrastructure upgrades in its industrial parks (IPs) and preference projects according with provincial development ambitions.
Binh Duong encourages industrial energy-saving technologies, increasing the localization rate, promoting product quality and competitiveness, limiting labor intensity, and reducing environmental impact.
The locality has allocated 300 hectares in Bau Bang Industrial Zone to textile and support industry projects. It is heavily investing in support industries to anticipate a high influx of foreign investment as soon as the Trans-Pacific Partnership (TPP) agreement is signed.
26 of the province's 28 IPs are operational, covering 9,073 hectares, while its 8 industrial clusters cover an additional 600 hectares.
IP rental rates reached 65%, and industrial clusters' 41%. Ten IPs enjoy 95 to100% rental rates, including VSIP 1, VSIP 2, My Phuoc, Song Than, Binh Duong, Viet Huong, and Dong An.
The province's IPs invested nearly VND390 billion ($18 million) in infrastructures and leased nearly 90 hectares of land to new projects in 2013, creating jobs for 12,700 laborers.
Binh Duong has so far attracted 2,209 projects capitalized at a total of $8,720 billion.