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Sunday, June 16, 2024

Binh Duong mulls backing businesses to move to IPs

By Le Hoang

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HCMC – Binh Duong Province is finalizing policy measures to aid in the relocation of businesses into industrial parks, said the provincial Department of Industry and Trade.

This initiative is part of a broader strategy to enhance the functions of industrial zones, factories, and enterprises in the south of Binh Duong, set to be implemented over the 2020-2030 period in line with the province’s socioeconomic development goals.

To accommodate enterprises to be relocated away from residential or commercial areas, Binh Duong has planned eight new industrial parks (IPs), including Cay Truong, Bau Bang 3, Bau Bang 4, Bac Tan Uyen 2, Bac Tan Uyen 4, Dau Tieng 1A, Dau Tieng 5, and Phu Giao 4. These IPs span thousands of hectares and are complemented by 25 industrial clusters covering over 1,743 hectares in Dau Tieng, Bac Tan Uyen, and Phu Giao districts, designated for future relocations.

Nguyen Thanh Toan, director of the Binh Duong Department of Industry and Trade, announced at a recent meeting with local businesses that enterprises will have five more years from now to relocate their business facilities into the designated zones. This extension is intended to provide ample preparation time for the affected enterprises.

The province is set to introduce 12 supportive measures, including the conversion of premises and warehouse use, deferment of payments for land use conversion, and the arrangement of appropriate land for relocation. Additional incentives will include reductions in fees and charges for administrative procedures and access to preferential investment loans.

Following a trial implementation, the relocation to designated industrial parks and clusters will proceed according to the roadmap.

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