HA NOI — The People's Committee of the central province of Binh Thuan late last week asked the Ministry of Industry and Trade for approval to remove 13 industrial complexes with a combined area of over 430ha from its masterplan for 2015.
A decade ago, Binh Thuan mapped out a plan to develop more than 40 complexes with a total area of 1,628ha, but only 12 have been put into operation.
They have attracted 220 projects with total registered capital of VND513 billion (US$24.4 million), and generated 3,520 jobs for local residents.
The remaining complexes had been ratified by the province for investment development, but construction has been slow and some investors have gone out of business.
For instance, Hamico Binh Thuan Mineral JSC had registered to build infrastructure for the Ba Dang Shipbuilding Industrial Complex on an area of 50ha. However, the province decided to withdraw the project's investment certificate due to slow investment and construction.
Also under the original plan, six complexes were to be built in Duc Linh District covering a combined area of 260ha, but 10 years later, these complexes are covered by hundreds of low-tech brick kilns.
Provincial chairman Le Tien Phuong attributed the situation to the fact that the masterplan had not defined the practical demands of local enterprises, and was hence unfeasible.
According to the provincial People's Committee, slow construction at some key sites such as Ke Ga Port and the Dau Giay – Phan Thiet Highway; poor transport infrastructure; and limited water supplies and wastewater treatment systems had also hindered investment.
"The province has petitioned the Ministry of Industry and Trade and the Government to issue preferential policies to create favourable conditions for localities and provinces to attract investment in infrastructure construction and complex development, especially in disadvantaged areas," he said. — VNS