FDI is evenly invested in the southern industrial zone

Industrial Park in Dong Nai. Photo: ST

Investment capital increased

According to the Foreign Investment Agency, Ministry of Planning and Investment, in the first four months of 2021, foreign investors have invested in 53 provinces and cities nationwide. In which, Long An leads with a total registered investment capital of nearly US$3.3 billion, accounting for 26.9% of total registered investment capital.

Mr. Huynh Van Son, Director of Long An Department of Planning and Investment, said that up to now, the province has had 1,111 FDI projects with a total registered capital of more than US$9.17 billion; in which there are 588 active projects with a total implemented capital of about US$3,624 billion, accounting for 39.4% of the total registered capital.

Among the projects licensed for operation, the Long An I and II LNG gas power plant project located in Southeast Asia industrial park has the largest registered capital with more than US$3.1 billion. In addition, in the first months of 2021, the province also granted investment certificates for 10 new projects and six more projects to increase capital in the FDI sector.

Ho Chi Minh City ranked third with US$1.1 billion, accounting for 9.3% of total investment capital. In which, the newly licensed projects are 100 projects with a total registered investment capital of US$360.12 million; 30 projects adjusted to increase capital and 547 foreign investors carried out procedures to contribute capital, buy shares, and buy back contributed capital of domestic enterprises.

Specifically, attracting FDI reached US$119.21 million, up nearly 81% over the same period last year. In which, there are three new projects in the field of infrastructure and factories for lease in Tan Phu Trung and Linh Trung industrial zones with a registered investment capital of US$122.21 million, 22.23 times higher than last year and one project with an adjusted capital increase of US$1 million.

Although the capital is not in the "top" in terms of FDI investment, foreign investment capital poured into Binh Duong in the first months of 2021 is also very good with more than US$1.2 billion of FDI in five months, equal to 159% over the same period in 2020. Accumulated to date, Binh Duong has attracted more than 3,970 FDI projects with a total registered investment capital of US$36.5 billion. Currently, there are nearly 20 countries and territories with investment projects in Binh Duong.

According to Binh Duong Provincial People's Committee, the total FDI investment in Binh Duong province in the first months of the year mainly poured into industrial zones, accounting for more than 92.2% of the total investment capital of the province.

Among these, Binh Duong has attracted 25 new projects, eight adjusted capital increase projects and 16 capital contribution projects, carried out M&A activities. Typical Project of New Motion Industry Company Limited (Singapore), with investment capital of US$185 million in Phu Tan Industrial Park; project of Polytexfar Eastern Vietnam Co., Ltd. with registered investment capital increased by US$610 million in Bau Bang Industrial Park; The project of Cheng Loong Binh Duong Paper Co., Ltd. has a registered investment increased by US$100 million at Protrade International Industrial Park.

The capital needs to be opened

Although the investment attraction in the southern industrial zones is flourishing, according to experts, for sustainable growth, in order to welcome the wave of investment shift after the Covid-19 pandemic, Vietnam in general and the rest of the world are expected to continue growing. The southern key provinces in particular need policies to remove difficulties and open up FDI inflows.

In particular, in the current conditions, the clean land fund in industrial zones is increasingly collecting appointments, requiring the development of "quality" rather than quantity.

Accordingly, Ho Chi Minh City is promoting the creation of an industrial land fund along with the deployment of a number of industrial parks and export processing zones with high-tech application and transportation infrastructure. Especially the mechanical industry develops in the direction of automation, applying artificial intelligence to the information technology industry such as electronic equipment, information, software, microchips and robots.

Besides, HCMC continues to continue promoting administrative reform, perfect the legal system and mechanisms and policies in line with the requirements of international economic integration.

Long An Provincial People's Committee said that in 2021, the province strives to have over 1,500 hectares of clean land in industrial zones and clusters to attract investment. To achieve this goal, the province is hastening the progress of industrial infrastructure projects; focus on investing in the construction and expansion of many important traffic projects that smoothly connect from industrial zones and clusters in key economic regions of Long An to neighboring provinces.

In the future, Binh Duong determines that industry will continue to be a key industry, promoting economic development for sustainable development. Therefore, Binh Duong has many priority policies for industrial development in order to shift the economic structure towards gradually increasing the proportion of services and industry.

In particular, in order to be ready to welcome the wave of FDI investment after the Covid-19 pandemic, Binh Duong is continuing to accelerate the progress of investment in completing the infrastructure of industrial zones in a synchronous and modern direction. At the same time, study and promulgate mechanisms and policies that are attractive enough to promote the development of infrastructure of industrial zones.