My Phuoc - Tan Van Expressway: Leverage to attract billions of USD of FDI for Binh Duong

Oct 27, 2021

After many years of construction and put into use in stages, now the My Phuoc - Tan Van route (MPTV) has been opened to traffic for the whole route from May 2021, contributing to attracting billions of USD of FDI capital for Binh Duong.
MPTV Expressway has a length of 64 km with 10 lanes, a total investment of 4,300 billion has officially been opened for the whole route from 5.2021 and is currently a lifeline when connecting quickly from industrial parks (IZs). ) to international seaports, traffic axes such as Ho Chi Minh Road, National Highway 1, National Highway 1K,... The starting point is Bau Bang Industrial Park (Binh Duong province), the end point is Tan Van intersection (far away). Hanoi Highway, Ho Chi Minh City). This route partly coincides with the Ring Road 3 project in Ho Chi Minh City. According to the policy of the province, Binh Duong focuses on synchronously developing transport infrastructure connecting industrial zones with urbanization, in order to continue to build an attractive environment for foreign investors.

Traffic infrastructure is focused, increasing FDI attraction for Binh Duong
Based on creating the most favorable conditions to attract FDI, MPTV is considered as a project of top importance to Binh Duong and the entire Southeast economic region because of the following:

Firstly, MPTV passes through large industrial zones located in 4 districts and cities: Bau Bang, Ben Cat, Thu Dau Mot city, Thuan An city, Di An city, connecting to important international seaports in the area. Southeast region. According to calculations by experts, this route helps to reduce transportation time by 25%, transportation costs are also reduced by 30% for transporting goods and materials from factories in industrial zones to factories in industrial zones. international seaports (Thi Vai, Cai Mep...), container ports (Dong Nai port, Binh Duong, District 9).

Secondly, this is the province's strategic traffic circuit in connecting North - South. MPTV plays the role of connecting industrial zones in Binh Duong with provinces in the southern key economic region (Binh Phuoc, Dong Nai, Central Highlands provinces, HCMC).

Third, to anticipate the Long Thanh airport project in Dong Nai, recently, the two provinces of Binh Duong and Dong Nai have agreed to build Bach Dang 2 bridge across the Dong Nai river to connect the two provinces, when completed. there will be a new gateway to connect Binh Duong to Long Thanh airport via MPTV, thereby shortening the connection with the largest international airport in the country.

Fourthly, MPTV creates an important traffic axis for Binh Duong's industrial parks, also contributes to reducing the load on National Highway 13 (the only route between Ho Chi Minh City and Binh Duong, the section passing through Binh Duong is often called is Binh Duong Boulevard).

Thanks to the focus on investment in transport infrastructure for industry, Binh Duong is currently a locality attracting high FDI capital of the country. From the beginning of 2021 to May 15, 2021, Binh Duong has attracted US$1 billion 252 million in foreign investment, equaling 159% over the same period in 2020. Accumulated up to now, Binh Duong ranks third in the country in terms of foreign investment. attracting foreign investment, only after Ho Chi Minh City and Hanoi with 3,974 projects. Total registered investment capital reached 36.5 billion USD, accounting for about 9% of the total investment capital of the country. In which, Thuan An is oriented to develop light industry.

Source: Thanh Nien Newspaper