Binh Duong advised to switch to smart industrial – urban – service model
Deputy Prime Minister Le Minh Khai has suggested the southern industrial hub of Binh Duong switch to the smart industrial – urban – service model as part of efforts to build a new ecosystem that meets demand of new investors and workers.
Binh Duong (VNA) – Deputy Prime Minister Le Minh Khai has suggested the southern industrial hub of Binh Duong switch to the smart industrial – urban – service model as part of efforts to build anew ecosystem that meets demand of new investors and workers.
During an event held by the provincial People’s Committee on March 25, Deputy PMKhai hailed the success of the province's industrial – urban – service model and urged Binh Duong to continue pursuing rapid, harmonious, inclusiveand sustainable development, leaving no one behind.
Chairman ofthe provincial People’s Committee Vo Van Minh said industry – trade - services nowaccount for nearly 97% of the local economy.
At present,Binh Duong is home to 29concentrated industrial parks with a total land area of nearly 13,000 ha and an average occupancy rate of over 90%. During the 1997-2022 period, itsgross domestic product expanded by 10.86% annually.
On the occasion, the provincialPeople’s Committee handed over investment certificates to nearly 10 domestic and foreigncompanies.
Representatives from Vietnam’sBecamex IDC Corporation and the investor of the Vietnam-Singapore Ind𒆙ustrialPark (VSIP) joint venture signed deals with nine provinces - TayNinh, Binh Thuan, Thai Binh, Nam Dinh, Ha Tinh, Binh Phuoc, Khanh Hoa, ThuaThien Hue and Thanh Hoa - to build VSIPs in the near future.
Illustrative image (Photo: vneconomy.vn)
They also inked contracts with big corporationsto develop key transport works.
From an initial project in Binh Duong,VSIP has developed into a chain of 13 industrial park - service - urban areas occupyingover 11,000ha in nine cities and provinces. So far, they have drawn 18 billion USDfrom 880 enterprises from 30 cou🐻ntries and territories, generating jobs for 295,000workers./.
The Intelligent Community Forum (ICF) on February 24 honoured the southern province of Binh Duong as one of the Top 21 Intelligent Communities of the world (Smart 21) in 2023.
The southern province of Binh Duong is focusing on attracting investment from leading potential partners in the world with modern management, including those from Singapore, said a local official.
The southern province of Binh Duong wishes to strengthen cooperation with and attract more investment from Laval city in Canada’s Quebec region, as well as Canadian businesses, said Vice Chairman of the provincial People’s Committee Mai Hung Dung.
The southern industrial hub of Binh Duong has seen a positive change in foreign direct investment (FDI) inflows with higher number of projects meeting the locality’s criteria of high technology, high economic values, environmentally friendlỉness, and less labour-intensiveness, according to the provincial Department of Planning and Investment.
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At the event (Photo: VNA) 
Illustrative image (Photo: vneconomy.vn) 
