Positive Signs from Industrial Parks and Economic Zones

 

So far, Nhon Hoi EZ has attracted 37 investment projects with registered capital of VND 30,832 billion, 9 of which are FDI projects with total registered capital of US$ 518.6 million. In a finishing touch to the infrastructure in Nhon Hoi Economic Zone, Binh Dinh has invested to build a road connecting Quy Nhon City to Nhon Hoi EZ (Phuong Mai Peninsula), of which the highlight is Thi Nai Bridge; also we have invested in other transport projects such as diverting traffic routes, upgrading and expanding the provincial highway DT 635 linking Phu Cat Airport straight to the North of the EZ, and constructing the provincial highway DT 639 from the EZ running along the coast to the north of the province. These moves have basically solved the issue of external transportation of the EZ.

 

For internal transportation, the province focuses on investments in completing the level crossing connecting Hoi Thanh to Nhon Ly to facilitate travel of local residents and promote development of the Nhon Ly – Cat Tien sea resort, the Nhon Hoi New Residence; in constructing the mountain route connecting Nhon Hoi and Nhon Hai to facilitating travel for people of Nhon Hai to go to Quy Nhon; the completion of the North-South main road (Phase 1) of the EZ, meeting the demand of developing the land fund according to planning and facilitating transportation to speed up investors’ construction work. Some other essential infrastructural facilities have been completed to assist investors.

 

Binh Dinh Provincial People's Committee also has called for investors to develop the infrastructure in Nhon Hoi EZ’s IPs, the duty free area, electricity and water supply system. To date, the IPs’ infrastructure in the EZ has been finished fundamentally to attract investment projects.

 

Currently there are three operating IPs in Binh Dinh (Phu Tai, Long My and Nhon Hoa) and some other IPs doing premise clearance (Hoa Hoi, Cat Trinh, Binh Nghi). So far, the provincial IPs have attracted 231 investment projects with total registered capital of VND 29,628 billion, disbursements of about VND 5,727 billion. 139 companies have gone into operation, attracting about 15,000 employees; creating an industrial production value and exports accounting for about 30 – 35 percent of the province on average.

 

Most of Binh Dinh’s IPs are located close to main traffic roads like Highway 1A and Highway 19 connecting to the Highlands, within close range of Dieu Tri Station, Quy Nhon Port and Phu Cat Airport, convenient for international trade; this kind of favourable location means these IPs also act as satellites serving for main production activities in Nhon Hoi EZ. Technical infrastructure in the IPs was developed with focus early on at the beginning to ensure the IPs are capable of welcoming investment projects with a variety of sectors and sizes. Of which, Phu Tai and Long Mon IPs are shaping up to become the centre of wood, paper and granite processing of the central region as well as the country; Nhon Hoa IP as the developing centre of agricultural product processing, animal and poultry feed processing; Cat Trinh IP as the specialized IP in processing furniture as well as furniture service.

 

In the near future, the Economic Zone Management Board will continue to advise the PPC in the adjustment and supplement of the general planning of Nhon Hoi EZ in accordance with the development requirements of the Nhon Hoi Refinery - Petrochemical project, as well as the investment demand in IPs - residences - services, large-scale projects; preparing the premise and other assistance for the Thai state-owned oil and gas company PTT to implement the project of Refinery - Petrochemical Complex, as well as to promote supporting projects for the complex; to promote and create favourable conditions to attract large-scale projects such as the VSIP Complex of Industry - Trade - Services - Residence, the Amata Industrial Zone in Binh Dinh.

 

The Management Board will call for investment in the construction of Nhon Hoi new residence area according to planning to help develop social infrastructure, assisting the project of Refinery - Petrochemical Complex as well as other projects in the EZ; to urge investors to accelerate the phase 2 of infrastructure construction of Nhon Hoa IP, infrastructure construction of Binh Nghi IP, Hoa Hoi IP, Cat Trinh IP and other new IPs in order to meet the premise requirements for industrial development projects.