Media Center

Developing "Eco-IP" , welcoming a new investment wave with ten of billions USD


Phu My 3 Specialized Industrial Park

 Ecological industrial park is an inevitable trend
On the morning of June 25, in Ba Ria - Vung Tau, a seminar was held on enhancing the competitiveness and attraction of industrial zones and building model industrial park.
In Vietnam, since 2014, there has been a policy of changing traditional industrial zones to ecological industrial zones model and until now, dozens of enterprises have participated. Typically, Phu My III specialized industrial park (Ba Ria - Vung Tau), Khanh Phu, Gian Khau (Ninh Binh), Hoa Khanh (Da Nang), Tra Noc 1 and 2 (Can Tho), etc. 


Prof. Dr. Nguyen Mai exchanged business cards with foreign experts on the sidelines of the seminar

Speaking here, Prof. Dr. Nguyen Mai - former deputy minister of Planning and Investment - pointed out the shortcomings of the industrial park in Vietnam. That is, most of them are fabrications, textiles, leather shoes, bags ... These projects are labor-intensive, mainly with small scale of capital and have not fully exploited the distinct advantages of each locality and region.
Notably, according to Prof. Dr. Nguyen Mai, the management of industrial zones due to the lack of legal framework as well as economic-technical norms and lack of supervision, some localities have issued illegal regulations, incentives for investors beyond authority and over necessary levels.
The opinions confirm that the ecological industrial park model has been an inevitable trend of the world and has been successful in many countries because it saves electricity and water, protects the environment and develops sustainably.


Foreign experts exchange with each other on the sidelines of the seminar

Connecting infrastructure to receive capital flow of tens of billions of US dollars
Mr. Hirai Shinji - Executive Director of Japan Trade Promotion Organization (Jetro) - highly appreciated that this province has made great investments in infrastructure to connect with other provinces, cities and industrial zones, but "still has not. enough". The survey results of Jetro show that Japanese enterprises choose Vietnam as their destination because of the size and growth of the market and the stable socio-political situation. Therefore, many Japanese enterprises - in the process of their restructuring - are moving from China to Vietnam.
"This is an opportunity for Vietnam to join the supply chain for Japan", said Mr. Hirai Shinji.

Ms. Nguyen Thi Thao Nhi speaking at the seminar

Ms. Nguyen Thi Thao Nhi - Chairman of the Board of Directors - General Director of Thanh Binh Phu My Joint Stock Company (the investor of Phu My III Specialized Industrial Park) - said that so far this industrial park has attracted 20 foreign investment projects mostly from Japan, with a total investment of tens of thousands of billion dong. This specialized industrial park has an ecosystem that is qualified enough to attract large-scale industrial projects with modern technology.

 However, there are still some barriers such as: the time to carry out the administrative procedures is long while the time to allow the plant to test operation is only six months is too short. In addition, there is a lack of infrastructure such as liquid goods import ports, and the interest rates for investment loans for industrial development are not preferential.

Most of the opinions at the seminar proposed to quickly promote connected traffic projects such as Bien Hoa - Vung Tau Expressway, Ben Luc - Long Thanh Expressway and Phuoc An Bridge.

"Infrastructure around IPs is very important to attract investment in IPs. Regional cooperation is a must to optimize advantages and to protect the environment,"  JICA (Japan) commented.
Prof. Dr. Nguyen Mai said that in order to actively participate in the industrial revolution 4.0, new industrial zones must be built to attract FDI projects with large scale, modern technology and sustainability. Because after Vietnam's success in preventing epidemic COVID-19, it is expected that there will be a new wave of investment, with a new structure up to tens of billions of dollars. With the industrial park of Ba Ria - Vung Tau, this position suggested that the development is artificial intelligence, robot, development of "night economy", clean and circulating agriculture.

Source: Tuoi tre Newspaper