(BGO) – The Executive Board of the provincial Party Committee in Bac Giang province on July 15, 2021 issued Resolution No.147-NQ about industrial development in Bac Giang province in 2021 – 2030 period (Resolution 147). With proper orientation, for nearly two years of implementation, the province has gained positive result in investment attraction, helping boost up socio-economic growth and create jobs to dozens of thousands of labours.
Resolution 147 was issued with many important orientation which requested renovation and improvement of investment promotion. Director of the Department of Planning and Investment Bui Thi Thu Thuy said implementing the Resolution, the provincial People’s Committee, relevant departments and sectors had many new and creative methods to ensure key features, focal points. They also helped enhance the provincial competitiveness and build attractive investment environment for investors.
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Electronic components are manufactured at Samkwang Vina Company Limited in Quang Chau industrial park in Viet Yen district. |
Accordingly, the province created online investment promotion document instead of paper ones in 5 languages of English, Vietnamese, Chinese, Japanese and Korean. These documents were simply designed in QR code to ease readers. So the data is updated which is easily to accessed on every technology platform.
The province focused on introducing available advantages like mountainous province and cheap labour among others while luring investment with selection that suit to local socio-economic development plan.
Particularly, Bac Giang focused on attracting industries and products with high science and technology content which deeply participate in the global value chain, use land economically, apply clean and environmentally friendly technologies, greatly contribute to the budget. The province also moved from passive to proactive promotion with specific target so as to search for target investors, potential investment markets and prioritize strategic investors.
According to Director of Bac Giang Investment Promotion and Business Development Center Dong Anh Quan, the province created highlight of improving the efficiency of investment promotion at this stage by launching many conferences to meet domestic and foreign investors in different territories and investment fields. Regarding foreign investment, the province held meeting with investors from Korea, China, Japan...
With new efforts and implementation methods, Bac Giang province has achieved impressive initial successes. In 2022, the province attracted more than 1.3 billion USD of investment capital, with 518 FDI projects (registered capital of over 1.07 billion USD. All projects have high technology content).
In the first quarter, Bac Giang attracted more than 1.1 billion USD, an increase of 5.2 times over the same period in 2022, as the first locality to record total registered FDI of over 1 billion USD in 2023. This year, the province also made a big leap in improving the business investment environment by ranking second place in PCI in 2022 nationwide, up 29 places compared to 2021.
Standing Vice Chairman of the Provincial Business Association Nguyen Cuong, the industrial development in each locality or country is an inevitable path. In the previous period, Bac Giang's industry made strong development.
Resolution 147 was born with an important meaning to find quick and sustainable development way for Bac Giang industry. Resolution 147 required a drastic renewal of industrial development thinking towards modernity in harmony with the development of agriculture, services and urban areas. The industrial development was considered the main pillar and driving force for development.
Besides, the industrial development must be consistent with the provincial potential and advantages with a harmonious connection in the overall region. The province selected quality and effective investment projects while developing industry in association with protecting the environment and ensuring the living standards of workers.
