10:01:51 AM | 4/14/2020
Successfully attracting many sizable projects from domestic and foreign investors, in the past 10 years, Bao Minh Industrial Park has gradually affirmed its position and brand name in industrial zone development. At present, Bao Minh Industrial Park Infrastructure Investment Joint Stock Company is stepping up investment flows into the expanded Bao Minh Industrial Park.
Creating sustainable business and investment environment
The year 2020 marks 10 years of operation by Bao Minh Industrial Park. Overcoming all difficulties and challenges, the park has leased out all rentable area to 14 domestic and foreign projects (two domestic projects with VND1,800 billion of investment capital and 12 FDI projects with nearly US$434 million). It has generated jobs for 12,000 workers who are paid an average of VND5.3 million per month.
Bao Minh Industrial Park is designed to create a favorable investment environment for businesses seeking to build a complete synchronous technical infrastructure and professional management team to support customers. In particular focus are environmental factors in the industrial park. It has built an advanced wastewater treatment plant with a daily capacity of 7,000 cubic meters, ensuring treated wastewater to meet Grade A QCVN 40:2011/BTNMT before discharge into the environment.
In addition to promoting available advantages such as a prime location, complete infrastructure, good ground, low land rent, abundant labor force and attractive investment incentives, the park is always trying its best to be a trusted companion to investors. Accordingly, Bao Minh always works to create the best conditions to effectively support all businesses investing in the industrial park when they carry out investment procedures and operate their projects. They will be assisted to fulfil investment formalities, investment certificates, business establishment and construction permits as quickly as possible. Local investors also enjoy a flexible payment schedule with competitive land rents, thus helping build a sustainable, long-term business environment.
The name of Bao Minh has been confirmed by both quality and quantity of investment inflows to Nam Dinh province. Principal industrial products in Bao Minh Industrial Park, including fabrics, yarns, garments, furniture, electric wires, automobiles and motorbikes, are mainly exported to the United States, the European Union, South Korea and China. Some well-performing tenants include Nam Dinh Forestry Joint Stock Company, Padmac Vietnam Co., Ltd, Sumi Vietnam Wiring System Co., Ltd, and Yulun Dyed Textile Joint Stock Company.
With many outstanding advantages, many domestic and foreign investors consider Bao Minh Industrial Park a high potential destination in the Nam Dinh industrial real estate market.
Grasping the opportunity to catch new investment waves
Following the success of Bao Minh Industrial Park in the early stages, to meet the increasing demand of enterprises and promote local economic development, Bao Minh Industrial Park Infrastructure Investment Joint Stock Company is seeking to expand the industrial park by 50 ha to bring the total area to 215 ha. Currently, the investor is preparing to welcome tenants to build their factories here.
The second phase of Bao Minh Industrial Park is inherited and developed on the basis of the first phase, which formed and created synchronous infrastructure, factory buildings and service utilities across the area. It ensures good services for tenants to operate well, provides value-added services and utilities, and ensures good working and living conditions for workers.
The second phase of Bao Minh Industrial Park is ready to welcome secondary investors to invest in clean, environmentally friendly industries. Right from the time of expansion, Bao Minh Industrial Park Infrastructure Investment Joint Stock Company clearly outlined its investment attraction strategy aimed for quality projects. The company understands that projects draw investment largely based on the experience and professionalism of the primary investor in assisting investors to remove legal bottlenecks and providing market information to facilitate investors. Industries in the expanded Bao Minh Industrial Park will focus on textile, garment material, food processing, food industry and pharmaceutical. These are all proven potential and advantages of Nam Dinh province, said Mr. Nguyen Van Kiem, General Director of Bao Minh Industrial Park Infrastructure Investment Joint Stock Company.
From its solid steps, Bao Minh has set development goals for 2020 and orientation to 2025 to become a strong industrial park infrastructure developer in Nam Dinh province and Vietnam as a whole. The company targets to draw more investors to the province. General Director Nguyen Van Kiem said “In the coming time, Bao Minh will expand its focus towards a clean, green, sustainable eco-friendly industrial park, continuously improve service quality to provide maximum support for customers and investors, and strengthen promotion to attract selected domestic and foreign investors. Bao Minh's goal is not only to effectively attract investment capital from investors, but also to balance investment with sustainable environment. Therefore, the company always gives priority to high-tech projects that use modern and environment-friendly machinery and equipment, strictly abide by State regulations on the environment and always uphold responsibility to the community and to the whole society.”
In addition to the effort of its employees, the thorough guidance and active support of the Provincial Party Committee, the Provincial People’s Council, the Provincial People’s Committee and relevant agencies of all levels and branches has motivated Bao Minh to fulfill its goals and play a more active role in industrial development of Nam Dinh province in particular and in Vietnam in general. Bao Minh is making every effort to establish the most transparent, attractive and favorable investment climate to draw more investors. The company will constantly improve, innovate and develop the brand to be a golden land for domestic and international investors.
Source: Vietnam Business Forum
Vietnamese
