According to Decision No. 2076/QD-TTg dated December 22, 2017 of the Prime Minister, the development plan of the "Ho Chi Minh City Region" will get adjusted until 2030, with a vision to 2050. What is Ho Chi Minh City Region? What advantages does the development of the Ho Chi Minh City Region create for the development of industrial zones in Tay Ninh province?
Many domestic and foreign investors with the need to find industrial parks near Ho Chi Minh City often make comparisons between industrial parks in Tay Ninh province and those in Binh Duong in order to make the right choice. before investing in building a factory. Here are a few initial comparisons sent to readers:
Despite the complicated situation of the Covid pandemic, domestic and foreign investors still choose to invest money in new projects or expansion. Investment into industrial parks in South of Vietnam in general and Tay Ninh province in particular has been recorded positive impressions, and Tay Ninh is one of the good localities bordering Ho Chi Minh City and also near some river ports connecting in traffic routes.
Despite the complicated situation of the Covid pandemic, domestic and foreign investors still choose to invest money in new projects or expansion in industrial parks in Vietnam. Capital to industrial parks in South of Vietnam is recorded positive impressions, and Tay Ninh is one of the good localities near Ho Chi Minh with Phuoc Dong Industrial Park near river port which satisfies investors' needs.
In the first 5 months of 2021, attracting investment in export processing zones and industrial zones (EPZs-IZs) in Ho Chi Minh City. Ho Chi Minh City reached more than USD 236 million , up nearly 23% over the same period in 2020.
In complicated situation of the Covid-19 pandemic, in order to ensure safety in production and stabilize socio-economic development, Ho Chi Minh City People's Committee has just issued an urgent Dispatch No.1558/UBND-VX to its units about strengthening control and ensuring safety against the Covid-19 in export processing zones (EPZs), industrial parks (IZs). , high-tech parks (IZs) and businesses in the city (HCMC).
Currently, the development of industrial zones in Ho Chi Minh is majorly planned for development in suburban districts far from residential areas. Accordingly, the development of industrial zones in Cu Chi, Hoc Mon and Binh Chanh Districts are considered solutions suitable to the speed and socio-economic development planning of Ho Chi Minh City, of which Binh Chanh industrial parks are known quite popularly for domestic and foreign investors.
According to the City Statistics Office of Ho Chi Minh City, in the first 5 months of 2021, the city received more than USD 1.34 billion of foreign direct investment (FDI) capital, down 16.52% over the same period last year. Specifically, in May 2021, there were 187 newly licensed projects with registered capital of 378.8 million USD, down 58.4% in number of licenses and 52.3% in capital over the same period last year. .
Currently, in addition to large industrial parks (IPs) / industrial zones (IZs) in Tay Ninh province (South of Vietnam) such as Phuoc Dong Industrial Park that has been exploited for rent with thousand hectares, there are still smaller industrial parks in Tay Ninh province under operations, which may provide domestic and foreign investors with more choices.
In order to create a connection with the Southeast provinces and create momentum for Tay Ninh industrial zones in particular as well as the provincial economy in general, Tay Ninh will commence the construction of three transport projects connecting with the East region. Southern region, with a total investment of more than 4,500 billion dong in 2021.
Currently, many domestic and foreign investors have been choosing industrial zones near Ho Chi Minh, of which the large industrial parks in Tay Ninh province seems to meet scale of industrial land for manufacturing investment. Currently, there are 6 industrial zones in Tay Ninh, Vietnam operating for industrial land leasing, of which Phuoc Dong Industrial Park (Go Dau District, Tay Ninh Province) is the largest industrial park near Ho Chi Minh.
The development of key connected transport infrastructure has contributed to Tay Ninh's achievements in industrial development in the past 2020-2025 period. In 2020, the gross domestic product (GRDP) of Tay Ninh increased by 3.9% over the same period, although it did not meet the proposed Resolution (an increase of 8% or more), it was the highest result that the province could achieve and higher than the average growth rate of the whole country.
The Prime Minister has just approved the proposal of the Ministry of Planning and Investment to adjust and supplement the planning for development of industrial zones (IZs) in Tay Ninh province, Vietnam.