Thai Binh Province focuses on IZ development

10:16 | 02/01/2018 Local Industry

(VEN) - Although it is a predominantly agricultural province, Thai Binh has established and developed industrial zones for small to medium-sized enterprises (IZs), helping concentrate scattered production, attract investment and create jobs for rural residents.

thai binh province focuses on iz development

According to the decision adjusting the industrial zone plan to 2020, Thai Binh has 50 IZs totaling 2,578 hectares in area, of which 34 have been approved in terms of detailed plans. About 314ha or 78 percent of land in province-based IZs have been leased out to investors.

Thai Binh has so far attracted 13 infrastructure investors to 17 IZs. Adequate, consistent infrastructure has been developed in these IZs, meeting production development and environmental protection demands.

Province-based IZs have attracted 211 projects totaling VND7.35 trillion plus in registered capital, of which 161 projects have begun production, and 25 other projects are under construction. The rapid development of IZs in Thai Binh has contributed significantly to provincial industrial growth.

The Thai Binh Province Department of Industry and Trade attributes the province’s IZ development to efficient planning and management. The Thai Binh Province People’s Committee issued an IZ management regulation in 2005. The committee then revised the regulation to clarify functions, tasks and powers of departments, people’s committees of districts, Thai Binh City and communes that are home to IZs. Districts and the city have set up IZ project management units and infrastructure construction management units to provide guidelines for investors.

Although it has achieved significant progress in IZ development, Thai Binh is still encountering some difficulties in this field. Some IZs haven’t attracted any infrastructure investors, despite their detailed plans.

To ease the problem, provincial leaders said Thai Binh will periodically review and supplement the province’s IZ development plan in accordance with actual development demands. The province will prioritize development of 50-70ha IZs for the development of craft villages and new rural area development, while accelerating site clearance and administrative reform.

The province will also encourage diversification of investments in IZ infrastructure development and consider this as an important solution to reduce the burden on the state budget. Thai Binh will focus on implementing Government Decree 68/2017/ND-CP on IZ management and development, and perform inspections and investment supervision.

The province will meet IZ infrastructure investors quarterly to learn about their problems and assist them to solve problems.

Hai Linh