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| Mr. Mai Son, Permanent Vice Chairman of Bac Giang Provincial People's Committee, introduced the characteristics of Bac Giang culture to Deputy Ambassador of Japan to Vietnam Watanabe Shige. |
Strong breakthrough in economic management capacity
Clearly identifying the potential and advantages of the locality in terms of geographical location, terrain characteristics, labor force in the golden population period, as well as grasping the development trends of the world and domestic economy; the Party Committee and the government of Bac Giang province have built a comprehensive and overall development strategy; the implementation process has been resolutely involved, with profound, timely and flexible direction in each specific context and stage; proactively deploying solutions suitable to reality to remove bottlenecks and bottlenecks to promote investment, create momentum for immediate growth and prepare for the long term.
In 2022, the province had a strong breakthrough in economic management capacity, the provincial competitiveness index (PCI) rose to second place in the country, up 29 places compared to the previous year, the highest ever.
In the difficult conditions after the Covid-19 pandemic and the impact of the global economic downturn, the province's economy has maintained a strong recovery momentum; the economic growth rate (GRDP) for the whole year of 2022 reached 19.3% (nearly 2.5 times the national average), the highest ever (of which: industry - construction increased by 26.7% (industry increased by 30.9%, construction increased by 0.5%); agriculture, forestry and fishery increased by 2%; services increased by 7.5%; product taxes increased by 8.4%).); the industrial development index led the country.
In the first quarter of 2023, the province's GRDP reached 8.4%, ranking 8th in the country; all manufacturing sectors grew, of which: Agriculture, forestry and fishery increased by 1.74%, industry - construction increased by 10.02% (industry increased by 10.5%, construction increased by 4.7%), services increased by 6.26%, product tax increased by 3.06%; state budget revenue reached 4,240 billion VND.
A bright spot in the province's economic development is investment attraction. Bac Giang's foreign direct investment capital is always in the top 10 leading provinces and cities in the country. In 2022, the whole province attracted over 1.4 billion USD of FDI capital (up 7.1% over the same period) with 38 newly licensed FDI projects, with registered capital reaching 581.49 million USD; 48 FDI projects increased capital with a total additional capital of 879.15 million USD and 30 foreign investors registered to contribute capital, buy shares, buy capital contributions of economic organizations with a registered capital of 97.5 million USD.
Promoting that result, in 2023, Bac Giang continues to be trusted by foreign investors to register for investment with a total attracted capital of over 1 billion USD (2.5 times higher than the same period in 2022) in just the first 4 months of 2023 (Bac Giang ranks 2nd in the country after Hanoi in terms of FDI attraction results).
To create advantages to attract investment, Bac Giang province focuses on 3 breakthroughs: Synchronous investment in industrial park infrastructure, traffic infrastructure, urban infrastructure and social infrastructure around industrial parks and clusters; Improving the quality of human resources; Removing difficulties and obstacles in institutions and policies.
As of April 2022, there are 9 industrial parks (IPs) in the province with approved construction plans. Of which, 8 IPs have been approved by the Prime Minister for investment with a total natural land area of about 1,792.5 hectares; 5 IPs in operation include: Dinh Tram, Quang Chau, Van Trung, Song Khe-Noi Hoang, Hoa Phu.
5 industrial parks under construction and expansion include: Viet Han Industrial Park with an area of 197.31 hectares; Tan Hung Industrial Park with an area of 105.3 hectares; Yen Lu Industrial Park with an area of 377 hectares; Quang Chau Industrial Park (expansion), with an area of 119 hectares; Hoa Phu Industrial Park (expansion), with an area of 85 hectares.
Traffic infrastructure continues to have clear changes; many important traffic axes have been newly started such as: Nhu Nguyet bridge construction project, Dong Viet bridge construction project, My An port-QL31-QL1 bridge and Suoi Nua lake-Khuon Than branch line construction project... thereby strengthening the connection with localities inside and outside the province, opening up development space, promoting socio-economic development of localities. Many urban area projects, services, social housing, housing for workers and medical, educational and cultural institutions around the industrial park have been formed to serve the lives of experts and workers.
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| Mr. Mai Son, Standing Vice Chairman of Bac Giang Provincial People's Committee, presented a souvenir to Deputy Ambassador of Japan to Vietnam Watanabe Shige at the Cherry Blossom Tree Donation and Vietnam - Japan Cultural Exchange Program held in March 2023 in Bac Giang. |
The province focuses on developing high-quality human resources to meet the development requirements of key sectors and fields of the province; improving the training quality of vocational training institutions, ensuring adequate supply of skilled workers. Regularly review and evaluate human resource needs in each locality, each sector, each field; promote activities to connect labor supply and demand, provide consultation and job introduction for workers, ensure timely labor supply, and meet the production and business needs of enterprises. The whole province currently has nearly 1.2 million people of working age, accounting for 60% of the population, the rate of trained workers is 74%; of which, the rate of trained workers with diplomas and certificates recognizing training results is 32% (higher than the national average of 5%).
During the implementation of the projects, Bac Giang has directed the establishment of Working Groups headed by the Provincial People's Committee to regularly monitor the implementation of the projects, promptly resolve difficulties and problems, especially those related to administrative procedures in investment, borrowing, site clearance, and construction licensing. At the same time, it has focused on directing the review of mechanisms and policies that are no longer suitable to reality to amend, supplement, and improve, thereby promptly removing difficulties in procedures, mechanisms, and policies on the basis of legal regulations to create a favorable and open production and business environment, providing maximum support for business operations and people's lives.
Promoting FDI attraction from G7
In recent times, Bac Giang province has determined to strongly improve the investment and business environment, associated with strengthening cooperation with countries around the world to seize opportunities to promote FDI attraction. The partners that Bac Giang wishes to expand cooperation with are investors from the Group of Seven (G7).
Currently, in the G7 group, Bac Giang is cooperating with Japan, the US, the UK and France. The whole province has 27 FDI investment projects of Japanese enterprises with a total registered capital of about 294.08 million USD and 11 times Japanese investors registered to contribute capital, buy shares, buy capital contributions in economic organizations with a registered capital of 19.2 million USD.
In total, there are 3 FDI projects of investors from France, with registered investment capital reaching 37.78 million USD, accounting for 0.3% of total foreign investment capital in Bac Giang. In addition, there is 1 investor from France registered to contribute capital, buy shares, buy capital contributions in economic organizations to invest in production and business with registered capital reaching 0.014 million USD. Regarding the United Kingdom, up to now, the province has 2 projects with registered capital reaching 10.2 million USD.
On the US side, the whole province has 04 FDI investment projects of enterprises, with a total registered capital of 15.6 USD, all implemented in industrial parks in Bac Giang province and 7 US investors registered to contribute capital, buy shares, and capital contributions in enterprises in Bac Giang province. US enterprises investing in Bac Giang province are mainly small and medium enterprises focusing on the fields of processing and manufacturing: Production of electronic components, production of new energy equipment....
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| A corner of Van Trung Industrial Park, Dinh Tram, Bac Giang seen from above. (Photo: Tran Tuan) |
Despite significant achievements, attracting FDI from G7 partners is not yet commensurate with its potential and strengths. Therefore, in the coming time, with the province's competitive advantages, Bac Giang has and will continue to implement many solutions with the desire to welcome the investment wave from G7 investors, specifically:
Firstly, effectively implement the Provincial Planning for the period 2021-2030, with a vision to 2050 (in Decision No. 219/QD-TTg dated February 17, 2022 of the Prime Minister). The province is constantly making efforts to review, establish, and adjust the planning to effectively overcome overlapping situations, increase the planning coverage rate, and improve the quality of planning work.
Second, continue to improve infrastructure, especially transport infrastructure, industrial infrastructure, and trade and services. Regarding transport infrastructure, the province continues to invest in building new routes combined with renovating and upgrading some existing routes to create a synchronous transport network, ensuring high connectivity, especially external connections with Noi Bai airport and seaports in the region; at the same time, awakening potential and creating new development space.
Regarding industrial infrastructure, the province has determined that by 2030, it will develop 29 industrial parks with an area of 7,000 hectares and 63 industrial clusters with an area of about 3,906 hectares. The areas where industrial parks and clusters will be concentrated include: Industrial areas along the National Highway 1A corridor, Hanoi-Lang Son Expressway; Industrial areas along the corridors of DT398, DT296-DT295-QL37-QL17-DT299; Eastern industrial areas along the corridors of DT293-QL37, and Belt V. At the same time, it will accelerate projects on urban areas, services, logistics, social housing, cultural, medical and educational institutions in areas near industrial parks to serve the needs of social development.
From now until 2025, the orientation of attracting industrial development in Bac Giang province will gradually shift from breadth to depth. After 2025, the province will focus on shifting strongly to depth in the direction of improving productivity, quality, efficiency, using less resources, energy, and being environmentally friendly.
Third, promote the strengths of agricultural development. Agricultural products are only at the stage of manual processing and preservation. Therefore, in the agricultural sector, Bac Giang province invites and prioritizes attracting G7 investors in processing vegetables, fruits, and food associated with the construction of concentrated agricultural areas, applying high technology... In livestock farming, the province prioritizes attracting investment projects to build factories to process pork and chicken for export... In the forestry sector, priority is given to attracting projects for intensive large-scale timber plantation; production and processing of planted forest wood with advanced technology...
Fourth, continue to promote human resource training, improve the quality of skills and provide high-quality labor resources; invest in facilities to upgrade vocational education facilities, and innovate teaching programs to meet the labor needs of businesses.
Fifth, promote administrative reform, simplify and shorten the time to handle administrative procedures; maintain discipline and order in the spirit of accompanying and supporting business development with the policy of "business development, prosperous province". In addition, the province focuses on digital transformation, applying it to the direction and administration, and public service implementation; develop smart cities with synchronous technology infrastructure.
With the desire and desire to open up new investment attraction opportunities, Bac Giang always welcomes and commits to creating the best investment environment for investors in general and enterprises from the G7 Group by fully applying the highest investment incentive policies according to the unified regulations of the country; implementing the province's own incentive mechanisms and policies to support investment; helping enterprises access land, effectively solving labor issues for enterprises; ensuring infrastructure to the fence of industrial zones and clusters and essential input conditions for production and business; quickly resolving administrative procedures on investment. At the same time, publicizing and making transparent investment processes and procedures, construction and land planning, industry and sector planning, etc. towards the goal of becoming an industrial province of Vietnam.
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