Wednesday,  Mar 21, 2018,15:44 (GMT+7) 0 0
Binh Duong kicks off new city construction
Hung Le
Sunday,  Feb 23, 2014,21:42 (GMT+7)

Binh Duong kicks off new city construction

Hung Le

By Hung Le in HCMC

The Integrated Administrative Center of Binh Duong Province upon its inauguration in the province on Thursday -  Photo: Quoc Hung

On February 20, Binh Duong Province’s government commenced work on Binh Duong New City and inaugurated its Integrated Administrative Center under the witness of Prime Minister Nguyen Tan Dung.

This is considered as a milestone in the southern province’s development and investment attraction as 24 investors pledged to make new investments or inject capital with the total registered capital of US$960 million at the event.

Future central city

According to local authorities, Binh Duong New City Center is planned with the total area of 1,000 hectares in the Binh Duong Complex for Industrial, Commercial & Residential Development, which covers nearly 4,200 hectares. Located in the border between Thu Dau Mot City, Tan Uyen and Ben Cat districts, the project is planned by the Centre for Research and Design under the National University of Singapore (NUS). Binh Duong New City in the future will become the central district of the southern province with 125,000 residents and over 400,000 regular employees.

As the political, economic and cultural center of the province and the core of the modern, dynamic and sustainable Binh Duong City in the future, the project comprises full infrastructures to connect with neighboring provinces and cities and the Southern Key Economic Zone.

Nguyen Van Hung, CEO & Chairman of Becamex IDC, the investor of the Complex, said that some key projects such as Eastern International University, social housing, parks, transportation and telecom infrastructure, power supply, water supply and drainage system have been completed. The internal transportation system has been nearly finished and is being connected to the external network.

There has been a park system with a vast volume of green trees surrounding premises of international groups, high-tech companies, international universities and high schools, facilitating development of a city of science and technology, an international cultural and financial center in the near future, Hung said.

This year, local government has plans to cooperate with a Japanese investor to launch a bus route between the New City and Thu Dau Mot City. In addition, to improve connectivity with other cites, Binh Duong has plans to build a metro line along My Phuoc-Tan Van road linking with the Suoi Tien station of Metro Line No. 1 in HCMC and some other bridges and roads to connect with Dong Nai and Binh Phuoc provinces.

Located next to many industrial zones, the New City will attract a lot of employees of the zones. Building the New City beside industrial zones is also a solution for urban re-planning. The scheme will go smoothly as the entire area of the New City is cleared land, Hung said.

As planned, Binh Duong will become a metropolitan city directly under the central government in 2020, of which Binh Duong New City will be the central district while Thu Dau Mot City and the remaining districts and townships will be satellite districts.

Concerning resources for construction, the province will attract foreign investors for the project. Currently, large investors such as Japan’s Tokyu Group are developing urban areas worth billions of U.S. dollars there. In addition, there is participation of other investors from Singapore, China and South Korea.

ung said Binh Duong New City is geographically convenient in connecting with the Southern Key Economic Zone, the Central Highlands, the Mekong Delta and HCMC through main roads such as Trans-Asia, Ho Chi Minh and outer belt roads of HCMC in Binh Duong. Notably, the New City will link with the Long Thanh-Dau Giay Expressway, National Highway 1A and My Phuoc-Tan Van road to Long Thanh International Airport and international seaports in Vung Tau City. The connection will sharply shorten travel time from central Binh Duong to the Southern Key Economic Zone.

New administrative center opened

Binh Duong’s authorities also inaugurated the Integrated Administrative Center in the New City on the same day to support residents and enterprises in doing administrative procedures.

Invested with VND1.4 trillion, the center includes twin towers with the total GFA of about 104,000 square meters. It has two stories for parking, 20 stories for offices, a technical story and a helicopter landing pad. Nearly 60 State-run units and local departments will work at the center. The ground floor on the total GFA of 4,000 square meters comprises seven functional sections to serve residents and enterprises.

In addition, there is a Convention and Exhibition Center next to the building, including many meeting rooms with the combined capacity of nearly 1,400 people.

Mai Son Dung, director of the province’s Department of Home Affairs, said that the center will apply a “one-door” and “connective” mechanism in processing administrative paperwork. Residents will apply documents of all departments at tables on the ground floor and the papers will be delivered to the right places. People will also receive results at the floor without the need to visit the center several times. In this area, there are a legal consulting unit and computers to help residents get updated on documents.

Strong investment attraction

Given a determination to improve the investment environment of local authorities, 22 investors pledged to make new investments or inject capital with the total registered capital of US$704 million at the event. Most the investors are from the U.S., Japan, Korea, Singapore, Hong Kong and Taiwan and they would operate in important sectors the province is calling for investment.

Notably, Japan’s Wonderful Saigon Electrics Co. Ltd. pledged to disburse US$210 million in chip, electric and semiconductor component production and assembly project.

In the industrial manufacturing sector, enterprises have focused on new foreign direct investment (FDI) projects, production of high-tech and highly-competitive products. For instance, South Korea’s Kyung Bang Group pledged to pour over US$54 million in a cotton fiber production project or Nexfil Company would invest over US$30 million in a heat insulation film project.

Large groups in the consumer goods and cosmetics industry are also interested in the southern province. Kimberly-Clark Vietnam Co. Ltd. pledged to invest US$113 million in a tissue, towel and diaper production plant there. Japan’s Naris Cosmetics also committed to invest US$10 million in building a factory in Binh Duong.

In 2013, Binh Duong Province reached a gross domestic product (GDP) growth rate of 12.8% with income per capita of VND52.7 million a year. Its industrial production
value increased 15.1%, total retail and service
revenue edged up 24.3%, and export value rose 15.7%. The total FDI capital attraction reached over US$1.3 billion while overall investment and development capital rose 15.5%. Its budget collection was VND29 trillion.

The province has also attracted investors in the service industry. Korea’s Panko Company will build a hotel there with invested capital of around US$30 million.

The initial results have strongly encouraged the province’s FDI capital attraction target in 2014 at US$1 billion. Some experts said that with the positive results, good preparation for investment attraction and construction of the New City, Binh Duong would reach better results in investment attraction this year.

Local government has committed to give assistance to enterprises. To serve investors, Binh Duong has built up a comprehensive infrastructure system, industrial parks and prepare cleared land fund. The province has also focused on manpower training and service improvement, administrative reform to offer most favorable conditions to businesses.

Binh Duong Chairman Le Thanh Cung said that 2014 will bring about more favorable conditions to investors. Kicking off the Binh Duong New City and inaugurating the integrated administrative center are important events that usher in more opportunities for investors.

The Saigon Times Daily

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