Tuy Phong Industrial Park (IP) is located in Tuy Phong district, Binh Thuan province, approved for investment since 2013 with a scale of 150 hectares invested by Tan Dai Tien Company Limited. By April 2014, this industrial park was started construction with the goal of focusing on attracting a number of industries such as processing, chemical industry products, and supporting industries to serve the local agriculture, forestry, and fishery sectors.
According to the investment progress until 2020, Tuy Phong Industrial Park must be completed and attract secondary investors. However, up to now, the construction of the industrial park infrastructure has not been completed, the easiest to see is only the entrance gate with the road leading inside.
Responding to the problem of not having completed the infrastructure and no investors in Tuy Phong Industrial Park, Mr. Tran Van Nam - Deputy Head of Binh Thuan Industrial Park Management Board - said that there are many reasons. First, it was not until 2019 that the land was allocated or leased to investors. The period 2019-2021 is affected by the COVID-19 epidemic. At the end of 2023, the investor stopped the project.
At the same time, the organizational structure of Tuy Phong Industrial Park investor company has changed, so it will be restructured by the end of 2024 and the Management Board of the new industrial parks will be able to contact investors to carry out related procedures, remove difficulties and obstacles.
There are also issues related to using land for project loans from banks and banks have taken the case to court for settlement. Currently, the court has issued a verdict and sent it to Tuy Phong District Judgment Enforcement Unit for settlement to recover the debt.
The Management Board of Industrial Parks, the investment management unit, has taken steps to determine the violation in this project and advised the Department of Planning and Investment to fine the investor VND 85,000,000 and transfer the file to the inspector of the Department of Natural Resources and Environment for inspection of land use.
"After having the inspection conclusion and the results of the enforcement of the judgment, the Binh Thuan Industrial Park Management Board will advise the Binh Thuan Provincial People's Committee to consider and handle it according to regulations," Mr. Tran Van Nam shared more.
Tuy Phong Industrial Park is a large project with the expectation of creating momentum to promote the socio-economic development of the district. Because this industrial park has a favorable location for trade, the frontage of National Highway 1, near the North - South expressway intersection, Vinh Tan international seaport... Due to the slow progress, people hope that investors will speed up the progress and invite secondary investors, to create jobs for local workers, contributing to increasing income and stabilizing their lives.
The industrial sector is one of the economic pillars and accounts for a large proportion of Binh Thuan's GRDP structure. To date, 7/9 IPs in Binh Thuan province have been investing in infrastructure construction, with a total area of nearly 1,400 hectares. The industrial parks attracted 91 investment projects, including 64 domestic investment projects and 27 foreign projects with a total registered investment capital of VND 16,973.26 billion and USD 328.41 million, an area of 279.40 hectares, the occupancy rate of the industrial parks reached 29.16%.
