FDI thrust in the Southeast

4 min read

Growth boost

In the 2016-2020 period, Binh Duong province has attracted nearly 4,000 FDI projects with a total capital of over 35 billion USD from 65 countries and territories, accounting for 9.2% of the country’s FDI. The average size of each project is about 9.1 million USD and currently ranks 4th in the country (after Bac Lieu, Ho Chi Minh City and Hanoi) in attracting FDI, 86% of the investment in the processing industry. manufacturing, mechanics, electricity, electronics. In which, dozens of projects with the scale of 250-760 million USD come from countries and territories such as Japan, Taiwan, Singapore, and Korea … Set the target for the period 2015-2020 to attract 7 billion USD of capital. FDI, but by the end of 2019, reached its destination early with the result of more than 10.2 billion USD (50% higher than the plan) and about 11 billion USD in 2020.

Some projects with large registered investment capital such as: Nitto Denko Company Limited project in Vietnam – Singapore Industrial Park (VSIP II), capital 186.2 million USD; Sharp Manufacturing Co., Ltd project in VSIP II-A Industrial Park, capital 135 million USD; 2 projects of BW Thoi Hoa Industrial Development Company Limited in Thoi Hoa Industrial Park, with a total capital of 105.8 million USD; project of manufacturing car cover yarn, car airbag and other products of Kolon Industries Company (Korea) in expanded Bau Bang Industrial Park, total investment by 2026 is over 600 million USD …

Lực đẩy FDI ở Đông Nam bộ ảnh 1Thai CP Group’s export chicken processing factory invested in Becamex Binh Phuoc Industrial Park inaugurated in December 2020

Thanks to this capital flow, Binh Duong province has effectively exploited 48 industrial parks and industrial clusters, with a total area of ​​more than 10,000 ha (accounting for a quarter of the industrial park area of ​​the whole South), and is planning and expanding further 34 The total area of ​​the industrial park is 14,790ha. In Dong Nai, there are 1,550 valid FDI projects, contributing nearly 47% of GRDP. In the 2016-2020 period, Dong Nai attracts nearly 9 billion USD of FDI.

In 2021, the province sets out a plan to attract FDI about 700 million USD. In which, there are 3 “huge” projects: Hansonl Electronics Vietnam Ho Nai phase 2, production plant of Platel Vina Co., Ltd. (together in Bien Hoa city), manufacturing factory of Ojitex Vietnam Co., Ltd. (Long Thanh) has a total investment of 190 million USD.

Supporting industry development

According to the latest statistics from Binh Duong Department of Planning and Investment, the first month of 2021, the whole province has attracted 106 million USD of FDI. In which, there were 9 projects granted new investment certificates, total registered capital of 60.6 million USD, 2 projects adjusted to increase capital and contribute capital, buy shares, total registered capital increased 46.1 million USD. .

Towards sustainable development with high added value, Binh Duong province advocates promoting the development of supporting industries (CNHT) with the establishment of an industrial park in Bau Bang district, with a scale of over 1,000 ha, priority to attract capital invested in supporting industries, especially foreign investment projects.

There have been many investment projects in this industrial park such as: The project of factory to produce tires, car air bags with an investment of up to 1 billion USD, an area of ​​42 hectares of KOLON Group (Korea), Company Far Eastern Polytex Vietnam …

In addition, in VSIP II-A Industrial Park, Tetra Park Binh Duong JSC (Singapore) has invested in building a factory project specializing in manufacturing sterile packaging from paper, plastic and aluminum … with registered capital of 124 million USD.

Dong Nai province has been planned by the Government 38 industrial zones and expanded a number of key industrial zones in Dinh Quan district, Dau Giay district and Amata Industrial Park, Ho Nai (Bien Hoa city), traffic infrastructure is being invested and upgraded to attracting FDI.

Notably, industrial zones in Dong Nai have 372 projects of Korean enterprises (total capital of 6.1 billion USD) and 253 projects of Japanese enterprises (total capital of nearly 4.8 billion USD, mainly invested in supporting industries). ). The value of Dong Nai’s supporting industry by the end of 2020 will reach more than VND 130,000 billion (accounting for 23% of the industrial output).

It is expected that by 2025, Dong Nai will attract more than 10 billion USD of FDI. According to Mr. Mai Ba Previous, Director of Binh Duong Department of Planning and Investment, in recent years, FDI investment has made a great contribution to the economic development of the province, helping to increase the export turnover each year, making a great contribution to the budget. government.

It is worth noting that the scale of the project has nearly doubled compared to the period 2010-2015. Attractive FDI in the past 5 years has contributed to making Binh Duong a major center of production and export, with industrial and export value reaching more than 10% of total industrial output and export value on average. of the country.

The good news for Binh Phuoc cashew industry is that Mekong Cooporation EUROPE BV-Holland (MCE) and An Viet Phat Energy One Member Company Limited (AVP) have just decided to invest $ 250 million to build an experimental, research area. , development and cashew processing plant on an area of 200 ha. In 2021, Binh Phuoc province sets out a plan to attract FDI of 700 million USD and continue to complete the policy of encouraging and preferential investment, striving to attract FDI to reach 1 billion USD / year. Binh Phuoc Provincial People’s Committee has just petitioned the Prime Minister to approve additional planning of industrial zones of about 2,500 ha in 2 industrial zones Minh Hung – Sikico (1,000 ha), North and South Industrial Park of Dong Phu (1,500 ha); adding a plan to establish a new industrial park of 5,500ha in the period of 2021 – 2030, including Dong Phu Industrial and Residential Area (3,500ha), Dong Phu Becamex Industrial Park (2,000ha).


Source: sggp.org.vn – Translated by fintel.vn