Land rental rate in Binh Duong’s IPs tops 80 percent
The rate of land rental in the industrial parks (IPs) and industrial clusters in the southern province of Binh Duong has reached 80.8 percent and 70.6 percent, respectively.
At a footwear company in the Tan Hiep A IP in Di An, Binh Duong (Source: VNA)
Binh Duong (VNA)- The rate of land rental in the industrial parks (IPs) and industrial clustersin the southern province of Binh Duong has reached 80.8 percent and 70.6percent, respectively, according to the provincial Department of Planning andInvestment.
Director of the department Nguyen Thanh Truc said the locality has 29 IPs, with27 of them put into operation on a combined area of 12,743 ha, and 12industrial clusters with a total area of 790 ha.
In 2018, investors in IPs and industrial clusters have paid attention tofostering promotion activities and investment for upgrading infrastructure.Around 276 billion VND (11.8 million USD) were invested into developing industrial infrastructurefacilities.
The locality has attracted over 1.3 billion USD from foreign investors and 5.19trillion VND from domestic ones into IPs and industrial clusters.
Truc said in 2018, enterprises operating in the IPs have disbursed 2 billionUSD for the investment in workshops and equipment serving their production andbusiness. Their revenue hit 28.5 billion USD so far, and their exports, 17billion USD, making up 67.2 percent of Binh Duong’s export turnover.
The local authority has directed investors to build IPs in accordance with theadjusted planning approved by the Prime Minister, according to which Binh Duongwill have 33 IPs with a total planning area of 14,790 ha. The approval forexpansion of Bau Bang and Cay Truong IPs is hoped to help the locality attract moreinvestment to promoting service industry and urban development.
The provincial People’sCommittee said that along with implementing socio-economic development goals inthe 2016-2020, attention will be paid to planning expanding and upgrading IPstowards meeting the demand of investors.
The establishment of IPs and industrial clusters has created a key momentum topromote Binh Duong’s economic development, especially in processing and manufacturingindustry. The province’s industrial production value accounts for 9.7 percent ofthe nation, and 24 percent of the Southeast region.-VNA
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At a footwear company in the Tan Hiep A IP in Di An, Binh Duong (Source: VNA) 
