Updated  
February, 21 2014 07:58:00

PM hails new Binh Duong towers as symbol of remarkable success

Prime Minister Nguyen Tan Dung is flanked by provincial leaders as he visits the Centralised Administrative Centre in the southern province of Binh Duong yesterday. — VNA/VNS Photo Thanh Vu
HCM CITY (VNS)— Prime Minister Nguyen Tan Dung yesterday attended a ceremony held to mark the opening of Binh Duong Province's new seat of government and the start of construction of Binh Duong New City.

The Centralised Administration Centre, which comprises twin towers 104 metres high, has 21 storeys for offices and two for parking and a heliport on the roof, according to the province People's Committee.

The 104,000sq.m centre will house most local agencies' offices, including the province Party Committee, People's Council, and People's Committee and most departments and sectors in the province.

Dung praised the province's efforts in overcoming difficulties to achieve economic growth that was double the national average.

He said Binh Duong has successfully striven to transform itself from a farming-reliant province to one of the leading industrial hubs in the country while ensuring commensurate cultural and social development.

He said the opening of the new Administration Centre is of great significance, since it is the most modern of such facilities in the country thus far.

The Centralised Administration Centre was built by Becamex IDC at a cost of more than VND1.4 trillion ($66.4 million) under the BT (build-transfer) model.

There is an exhibition and convention centre built at a cost of VND416.7 billion ($19.76 million) inside the complex.

The Party Committee, People's Council, People's Committee, the Departments of Planning and Investment and Natural Resources and Environment, and industrial park managements have already moved in, and by March more than 50 other government offices will move in.

The centre would play an important role in improving the province administration and the development of Binh Duong New City would attract high-quality human resource and investors, Tran Thanh Liem, deputy chairman of People's Committee, said.

Covering an area of 1,000 hectares, Binh Duong New City, located in the 4,196ha Binh Duong industrial, urban, and service complex, will be developed into a modern urban area and Binh Duong city's central business district by 2020 under a Government master plan.

At the inaugural ceremony, the province gave away investment certificates to several investors and certificates of merit to outstanding businesses and announced projects that will kick off this year.

The event was attended by some 1,500 people, including officials and local and foreign investors.

New city to bring FDI

The construction and development of Binh Duong New City has created favourable conditions for the province to attract more foreign investment.

So far this year it has attracted $715 million, Mai Hung Dung, director of the local Department of Planning and Investment, said.

This includes $189 million in 20 new projects and $525 million in 19 existing projects, according to the department.

The investments are mainly in technology and highly competitive products. The investors include Nexfil (South Korea), which has invested $30 million in insulating film production, Tanaka Ai Viet Nam (Japan), which has invested $20 million in production of raw materials for cosmetics and Yamazaki (Japan), which has invested $15 million in manufacture of appliances.

Binh Duong has over the years attracted $19.4 billion in over 2,250 FDI projects. This year it targets $1 billion. — VNS


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