From mid-March to the second quarter, Binh Duong will start construction of Vietnam Singapore Industrial Park 3 and Cay Truong Industrial Park, with a scale of 1,000 hectares.

Binh Duong Provincial People’s Committee has just released a report on socio-economic situation in February and tasks in March with signs of improvement in the industrial park market. It is expected that in mid-March, which is the end of the first quarter, the province will start the construction of the Vietnam Singapore Industrial Park 3 (VSIP III) project in Hoi Nghia commune (Tan Uyen town) and Tan Lap commune (Bac Tan Uyen district) with a total amount of an area of about 1,000 hectares.

VSIP III industrial park was approved by the Government in November 2016 with a total investment capital of 6,407 billion VND, recently the project was approved to adjust the policy of investment in construction and infrastructure business. industrial area. This is VSIP’s 10th project to invest in Vietnam.

Binh Duong Provincial People’s Committee will consider adjusting the scale of deployment in each phase to suit the progress of investment attraction, infrastructure connection, etc. If phase 1 reaches an occupancy rate of over 60%, the project will The project can be leased and assigned to the Provincial People’s Committee to consider land allocation and lease with phase 2. When VSIP III comes into operation, the province plans to prioritize attracting high-tech industries.

Besides, it is expected that in the second quarter, Cay Truong Industrial Park, with an area of about 1,000 hectares, will also be started by the province. In 2022, the province aims to update the planning of a number of other industrial parks to expand Nam Tan Uyen Industrial Park; Rach Bap Industrial Park and a number of other industrial parks on the basis of clean, available land.

From the end of 2021, industrial parks in Binh Duong province have entered a period of high occupancy rates, and the existing supply cannot meet the increasing demand for land and factories. Therefore, this industrial capital is tending to increase the supply of industrial land and factories to promptly catch the wave of production shift.

Report on socio-economic situation of Binh Duong province in February recorded the province’s industrial production value increased by 6.1%, export turnover increased by 18.7%, import turnover increased by 8.1% compared to that of Binh Duong province. In the same period, trade surplus in the first 2 months of the year reached 2 billion USD. From the beginning of the year to February 15, the province has attracted more than 7,000 billion VND of domestic investment, foreign investment has attracted 47 million USD.

Source:VnExpress