The strategy of calling for investment in Industrial Parks of the province is to maximize the advantages of the waterway system and seaport, prioritize the invitation, increase the attraction of high-tech production projects, do not pollute the environment. From there, contribute greatly to the budget revenue.

Many big projects started out

In June 2019, Shirogane Transport Co., Ltd. (Japan) in collaboration with Thanh Binh Phu My Joint Stock Company inaugurated the Vina Japan Shirogane Logistics Center (VJS) in Phu My 3 Specialized Industrial Park, Phu My town. Mr. Kaihoto Tetsuya, General Director of Shirogane Transport Co., Ltd. said, VJS Center is a joint venture project between Shirogane Transport Co., Ltd. 51% capital contribution and Thanh Binh Phu My Joint Stock Company contributed 49% capital, it has a total investment of 5.4 million USD built on the site 2,25 ha.

VJS focuses on developing integrated package logistics services and synchronized like: transportation agency services, warehousing and storage services, customs procedures and other auxiliary services to meet the requirements of the domestic distribution and import-export of businesses.

Enterprises in Industrial Park have contributed greatly to the government's budget; create jobs for thousands of workers. In the photo: Steel production at Feb Steel Buildings Co., Ltd. (Dong Xuyen Industrial Park)

Also in Phu My 3 Specialized Industrial Park, Marubeni Group (Japan) has started construction of the packaging paper factory “Kraft of Asia (KOA)” which has a total investment 4,810 billion VND, was built on the site 15 ha, the factory has wattage 400,000 tons of facial paper and corrugated paper used in packaging industry.

This is the first paper factory in Ba Ria - Vung Tau using technology, operation and management according to Japan standard. According to the investor, the factory is expected to operate the commercial production from November 2020. Marubeni Group is leading the Japanese trading and investment corporation with an annual global revenue about 100 billion USD, with offices and branches in 70 countries and territories.

In early 2019, the Marubeni Group was granted the investment certificate by the Provincial People's Committee for the coffee processing project with total registered capital over 117 million USD.

The coffee factory is expected to start construction in 2020, with an initial wattage of 16,000 tons / year. Besides the coffee factory in Brazil, this will be Marubeni's second coffee processing factory.

Most recently, a representative of Marubeni Group worked with the provincial People's Committee to propose a plan to build the LNG electrification factory on the site 200 ha, with a total wattage 4,800 MW.

Marubeni said that this project is expected to have an investment of about 2.7 billion USD, in the second quarter 2025 it will be put into commercial operation, the electricity trading contract will be implemented in about 25 years later. Another project is also expected to spread not only about technology but also a large contribution to the budget which is the producing factory Polypropylene (PP) and underground warehouse that contains liquefied petroleum gas (LPG) invested by Hyosung Group - Hyosung Chemical Corporation (Korea).

In August 2018, after being granted the Investment Registration Certificate by the Provincial People's Committee, Hyosung Group started to build the factory.

Mr. Cha Kyong Yong, Deputy General Director and Production Director, said: The project has the site 60 ha with the total capital 1.2 billion USD. Up to now, the project has completed 96% of the workload and also expected to officially come into operation in March 2020.

When put into the operation, it will contribute about 100 million USD per year to the budget, as well as attraction, training, employs over 600 highly skilled workers. This is also the largest project that licensed to enter the Industrial Park.

Attracting investment in the right direction

Recently, the province has focused on reviewing and adjusting the planning of industrial parks in the direction of attracting the selective investment that associated with environmental protection, using the land effectively and forming industry clusters that are interconnected, creating a foundation for Cai Mep - Thi Vai port system; conducting the adjustment of jobs to attract the investment into Industrial Parks.

Up to now, there have been 30 countries and territories having the investment projects in Industrial Parks in the province, including Japan, Korea, the United States, Canada, Thailand, the Netherlands, Singapore ...

Some transnational corporations have invested and accompanied with the province's development over the years such as Kyoei, Nippon, Sumitomo, Itochu, Mitsubishi, Posco, ACDL, CJ, BP, SCG, Hyosung ...

Investment projects in many fields, including important areas; key points such as power production, protein, steel production, shipbuilding, building materials as well as oil and gas services, with sectors of manufacturing the industrial products, to support the development of the port system and port logistics, in accordance with the development orientation in local.

Mr. Nguyen Anh Triet, Head of the Provincial Industrial Park Management Board
Choose projects that have high quality, environment friendly
BR-VT always attracts selective investment, does not follow the quantity to pay the price. There are projects worth billions of USD but they are not suitable for the investment environment of the province, so we have to refuse.
In order to ensure the orientation of attracting sustainable investment, Management Board of Industrial Parks that have reviewed, submitted and approved the planning of Industrial Parks appropriately, in the direction of development space in accordance with the load capacity of the environment, saving land fund, ensuring the goal of sustainable industrial park development, attracting quality projects, speeding up infrastructure investment, increasing the occupancy rate of industrial parks ...

Up to now, the industrial zones in the province have 423 valid investment projects with a total registered capital over 19.6 billion USD.

Including 221 foreign investment projects and 202 domestic investment projects. Most of the investment projects, after being licensed, have been built and put into operation on schedule.

According to the Management Board of provincial industrial zones, the projects in the industrial zone are the main motivation to accelerate the economic restructuring.

According to the assessment of the Management Board in the Industrial Parks of the province, Projects in Industrial Parks are the main motivation to accelerate economic restructuring, towards industrialization with a very high proportion of industry in GDP; Great contribution to the budget revenue.

In 2019, businesses in the Industrial Parks contributed 612 million USD to the budget. In particular, Heineken Vietnam - Vung Tau Brewery Co., Ltd. has the highest contribution to the budget with 2,899 billion VND. Posco Vietnam Co., Ltd contributed more than 1,560 billion VND; Posco SS Vina 1,300 billion VND; Lock and Lock Company VND 145 billion VND, CJ Vietnam Floured Food Company Limited 35 billion VND...

Mr. Paulus Adrianus Hendricus Bleijs, General Director of Heineken Vietnam Brewery Co., Ltd. - Vung Tau said: After 3 years of receiving and going into production, Heineken Vietnam - Vung Tau Company has made remarkable changes and development.

During the operation process, the Company continuously expanded its production and business activities. By the end of 2019, the total invested capital of the company was 4,203 billion VND. Despite being in the stage of expanding capacity, constructing new factories but the business results at the factory still meet the production and business targets.

Revenue in 2019 increased by 170% compared to 2018 (from 230 billion VND to 621 billion VND), from which the government budget contribution also increased by 132% over the same period.

In addition, through the Industrial Zone, many resources such as labor, land and mineral resources in the boundary of the province which exploited and used to bring economic efficiency, Especially, it contributes greatly to export results for Vietnam in general and BR-VT province in particular.

At present, industrial structure contributed about 58% in the province's economic scale, export turnover increased rapidly over the years; average increased of 18% / year, reached 2.9 billion USD in 2019.

Source: Vietnambiz.vn