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  • News in Vietnam
  • News
  • 23 February 2022

A need to promptly add new industrial zones

Land for lease in industrial parks (IZs) in Dong Nai has been filled up. The Government also approves the province to establish new industrial zones to promote investment attraction in the future.

However, for industrial zones about to be established, there are still obstacles in investment procedures and site clearance that need to be resolved soon.

* Prepare more space for industrial park development

According to the Dong Nai Industrial Zones Management Board, the number of industrial zones approved for planning in the province is 40 zones in the area of ​​18,848 hectares. Bien Hoa 1 IZ, with an area of ​​335ha, has been taken out of the planning. When the Proposal on converting the function of Bien Hoa 1 IZ into an urban – commercial – service area was approved, Dong Nai still had 39 industrial zones, with a total area of ​​18,513 ha.

Up to now, there have been 32 industrial zones established with a total land area of ​​10,270.19 ha, of which 31 IZs have been put into operation. One industrial zone is under land acquisition and infrastructure construction investment (Long Thanh Hi-tech Industrial Zone). Wall). Dong Nai industrial zones have leased 5,938 ha, accounting for 84.43% of industrial land area (more than 7,000 ha).

In the process of industrial park development, recently, Dong Nai has received the attention of investors for the construction of high-tech industrial zones. For example, Amata Group (Thailand) is building Long Thanh Hi-tech Industrial Park with a total area of ​​more than 400 hectares and the capital of more than $280 million. The industrial park is located in the central region of ​​Long Thanh urban area and will prioritize attracting high-tech and clean industries.

Apart from Amata Hi-tech Industrial Park, Dong Nai is also the destination of other units wishing to invest in industrial infrastructure to attract high-tech enterprises. The Vietnam – Korea Hi-Tech Park Project (Techno Park) is proposed by TechnoPark Vietnam – Korea Joint Venture Joint Stock Company with a registered capital of 150 million USD within an area of ​​about 300 hectares. Techno Park has chose Long Thanh as a survey site for investment and expected to attract 2-3 billion USD of investment capital in a period of 6-9 years after coming into operation. 

Most recently, in 2021, the Sovico Group also proposed to the province to learn to invest in building an industrial park specialized in aviation. Long Thanh Airport is expected to become the focal point of our country’s aviation industry. To support and attract foreign enterprises and corporations in the manufacturing and supplying aircraft components to invest, Sovico hopes to be introduced and created a large land fund by the province, for the group to build the first industrial zone specialized in aviation in Vietnam. According to the Chairman of the Board of Directors, founder of Sovico Group Nguyen Thanh Hung, the potential for air transport development in Vietnam is enormous, so it is necessary to anticipate investment opportunities and prepare a development land fund.

* Proposing solutions to complete new industrial zones soon

When working with investors who come to learn and wish to invest in developing high-tech industrial zones in Dong Nai, Chairman of the Provincial People’s Committee Cao Tien Dung said that the province welcomes and will create favorable conditions for investors’ project implementation. Although there is no specialized high-tech park like Ho Chi Minh City, with the orientation to improve the quality of investment attraction, the province has been aiming to attract investment and form high-tech projects.

According to the Dong Nai Industrial Zones Management Board, there are some remaining obstacles to boostingearly formation of approved IZs and attracting high-tech investment in Dong Nai. Specifically, Dong Nai still does not have high-tech parks like Hanoi and Ho Chi Minh City but is aware of the investment interest, so it has established Long Thanh Hi-tech Industrial Park, whose land is currently in the process of being reclaimed, in the future, it is expected that there will be more new high-tech industrial zones. To promote investment, Dong Nai has proposed that the Government consider having a mechanism for high-tech industrial parks to enjoy incentives similar to high-tech parks to attract investment with the suitable characteristics of the industrial park as desired by the locals and investors.

Besides, currently, industrial zones in Dong Nai have occupied over 84% of leased land. The land fund allocated for industrial park development in Dong Nai is mainly from rubber land managed by the Vietnam Rubber Industry Group. Some industrial park infrastructure construction projects in Dong Nai province applying for investment approval have encountered problems in determining how to handle rubber plantations, whether they are in the case of having to rearrange. Managing public property/auctioning of land use rights/bidding to select investors to implement the project is also a problem that slows down the process of industrial park formation and development. Therefore, Dong Nai requiresthe Government and relevant ministries and branches to consider and give directions so that Dong Nai industrial zones can be established soon, supplementing the land fund for industrial development.

(Source: Baodongnai)