This information was disclosed by the Binh Duong Industrial Zones Authority (BDIZA) during a meeting with Binh Duong Chairman Vo Van Minh on May 24. Despite ongoing economic challenges, the investment in Binh Duong's industrial zones has achieved positive results.
Specifically, in the first five months of this year, foreign investment in this southern industrial hub reached 525 million USD, up 75% from the same period in 2023, and nearly 44% of the annual target. The province approved 58 new projects with a total registered capital of over 270 million USD, and 210 projects increased their capital by over 250 million USD. Additionally, Binh Duong's industrial zones secured 1,058 billion VND in domestic investment, nearly reaching the annual target.
To date, Binh Duong's industrial zones have attracted over 3,130 projects, with FDI projects comprising nearly 80% and a total registered capital of 29.7 billion USD. There are 682 domestic investment projects with capital close to 95,000 billion VND, equivalent to about 3.8 billion USD.
This year, BDIZA aims to attract an additional 130-140 projects, with a total investment of 1.2-1.3 billion USD. These projects are expected to create jobs for 15,000 workers.
BDIZA also plans to develop 10 new industrial zones by 2030. Among these, two zones in Bac Tan Uyen District and Tan Uyen City will be established in the next two years, covering a total area of 1,000 hectares. The remaining eight zones will be located in Bac Tan Uyen District, Dau Tieng, and Phu Giao, spanning over 6,000 hectares. In addition to new investments, the province will expand existing industrial zones to attract high-value and new technology industries.
According to BDIZA, the expansion project of the Bau Bang Industrial Zone has received an investment registration certificate for an area of about 1,000 hectares. The Cay Truong Industrial Zone project has been approved for 1:5,000 and 1:2,000 scale planning. The investor is finalizing the 1:500 scale construction planning dossier as a basis for submitting the basic design appraisal.
However, some projects face challenges regarding compensation plans and support for land use rights transfers. In response to this, Chairman Vo Van Minh has requested the Department of Finance to allocate additional budget estimates for the planning of the mechanical industrial zone. For the Bau Bang Industrial Zone expansion project, he asked the Department of Natural Resources and Environment to coordinate with the Bau Bang District People's Committee to approve compensation prices and finalize the compensation plan by June.
He also urged BDIZA to coordinate with relevant units to promptly complete the procedures for adjusting the investment policies of industrial zones such as Dai Dang, Rach Bap, Dat Cuoc, and Song Than 3.
Despite the ongoing difficulties in the real estate market, industrial real estate is still expected to remain a bright spot in the coming years. CBRE predicts that in the next three years, industrial land rental prices may increase by 5-9% annually in the North and 3-7% annually in the South.
SSI Research also believes that industrial real estate has a positive outlook thanks to sustained FDI inflows into Vietnam this year. Last year, domestic disbursed FDI reached 23.2 billion USD out of over 28 billion USD committed, marking a 24% increase compared to the previous year.
Anh Tú - VnExpress
