The People’s Committee of Ho Chi Minh City has submitted to Prime Minister Nguyen Xuan Phuc a proposed zoning plan of 1/2000 scale for a new 380-hectare industrial park (IP) in Binh Chanh district.
HCM CityVNA) - ThePeople’s Committee of Ho Chi Minh City has submitted to Prime Minister NguyenXuan Phuc a proposed zoning plan of 1/2000 scale for anew 380-hectare industrial park (IP) in Binh Chanh district.
The area, which is coveredwith alum soil, is only useful for short-term crops with high alumtolerance like sugarcane, cassava, bananas and production forests as wellas industrial crops such as rubber, tea plants, hybrid acacia andcajuput trees.
Because of thelow land-use efficiency and economic value, continued cultivationwould not be commensurate with the land value of the area. Ifapproved, the large-scale centralised IP will help attract investment in thearea.
The new IP located in Pham VanHai commune will focus on science and technology, startups and thesupporting industry, according to the municipal People’s Committee.
The city is shifting itseconomic structure towards services, industry and urban construction,focusing on high-tech industries and services to support urban activities.
An urbanisation rate of 80-90 percentis expected by 2030. Accordingly, the city will restrict the use ofland for agricultural cultivation.
The 380ha area is part ofa larger 668ha area which has been approved by the Prime Minister forconversion to industrial land.
The 668ha area would forma centralised IP and replace three IP, including 200ha Bau Dung and175ha Phuoc Hiep in Củ Chi district and 300ha Xuan Thoi Thuong in Hoc Mon district.
The new IP is close toexisting industrial zones like Vinh Loc and Pham Van Hai. As such,the entire area would be conducive for research, production,trade and distribution of goods.
The new IP will alsohave convenient traffic connections and infrastructure and willbe accessible to main roads such as Highway 1A, HCM City – Trung LuongHighway and Ring Road 3, which crosses the IP and connects with theMekong Delta province of Long An./.
Foreign investment in HCM City's industrial parks and export processing zones is expected to rise this year as Vietnam is scheduled to sign the Trans-Pacific Partnership (TTP) on February 4.
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Industrial parks and export processing zones in HCM City attracted investment worth 197.86 million USD in the first quarter of 2016, a year-on-year decline of 53.4 percent
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