Bac Giang improves master plan on IPs development
Bac Giang improves master plan on IPs development
The northern province of Bac Giang is improving a master plan on the development of industrial parks (IPs) and complexes, as well as land use planning, according to it its provincial Party Committee.
The province is also refining a master plan on urban areas for the 2021-30 period to attract investment.
It built a project on supporting start-ups in the locality, towards strongly developing the private economy, and issued a list of projects in need of investment in the fields of agriculture and rural development.
The locality considered building mechanisms to support investment in hotel construction projects and high-end services.
In particular, Bac Giang will step up administrative reform, improve the provincial competitiveness index, pool resources to build key socio-economic infrastructure while enhancing the quality of human resources and State management on projects.
The province will actively assist investors and businesses in tackling difficulties and accelerating projects, especially those regarding infrastructure construction and business in IPs.
From 2016 to the end of 2020, the province drew 909 projects worth over US$5.88 billion, marking a 3.5-fold rise from 2011-2015, 616 of them were domestic ones with total registered capital of over VND55.7 trillion, and $3.84 billion were foreign direct investment.
It is now home to 1,786 valid projects, including 1,311 domestic ones worth more than VND92.2 trillion and 475 foreign-invested ones valued at over $6.2 billion. Projects are mostly in industry with 54.3 per cent, trade and services with 40.5 per cent, and agriculture with 5.6 per cent.
Since 2016, Bac Giang has granted licences to over 6,000 enterprises and 705 branches and representative offices, with a combined registered capital of more than VND64.3 trillion. Its gross regional domestic product has expanded by 14 per cent annually.
Cumulatively, there are 10,837 businesses so far in the province, including 466 foreign ones with a registered capital of $3.542 billion and more than 10,300 others with over VND84.9 trillion.
