Bac Giang boosts sustainable industrial growth
Bac Giang boosts sustainable industrial growth
In recent years, the northern province of Bac Giang has been developing its industrial sector intensively and on a sustainable basis.
Index of industrial production growth
According to the Bac Giang Province Department of Industry and Trade, the province's 2022 industrial production increased 30 percent over 2021, serving as a main driving force for economic growth in the region. Major provincial industrial products soared sharply. In 2022, Bac Giang produced more than 1.7 billion integrated circuits (up 29.3 percent from 2021), 370 million peripheries (up 39 percent), 500,000 tonnes of fertilizer (up 23 percent) and 445 million garment products (up 32 percent).
Van Trung Industrial Park in Bac Giang Province's Viet Yen District |
The department’s director Tran Quang Tan said industry has become a main driving force for the province's growth. Bac Giang is home to tens of thousands of industrial production facilities, including a large number of foreign-invested companies. The well-invested industrial park and transport infrastructure has encouraged businesses to step up investment and expand production and trading activities in the province.
Leaders of the province and the department, as well as provincial authorities, regularly consult with businesses in order to improve the investment environment. The Bac Giang Province Industrial Zone Authority recently held a meeting with representatives of almost 200 enterprises. At the meeting, chair of the authority Dao Xuan Cuong answered enterprises’ questions and pledged to create the most favorable conditions for investors, including administrative procedure simplification for early project implementation and expansion, and production and trading stabilization, among others. Cuong proposed that existing investors help the province attract additional large investment projects to provincial industrial parks.
The Bac Giang Province Department of Science and Technology has worked with the provincial industrial zone authority to apply advanced management solutions in order to help businesses improve competitiveness, productivity and product quality.
Fuyu Precision Component Company Limited in Quang Chau Industrial Park in Bac Giang Province's Viet Yen District |
Master plan
Bac Giang is modernizing its industry to become a developed industrialized province by 2030.
The province has drafted a master plan for the 2021-2030 period, with a vision to 2050, to bring all its potential, advantages and resources into play in order to speed up comprehensive, sustainable industrial development. The decision will also create breakthroughs in services, agricultural, infrastructure and urban development, and develop science, technology, knowledge-based economy and high-quality human resources. Bac Giang is expected to become an advanced province in terms of education, health, cultural and social development with improved living standards and environment. The province will expand international cooperation and integration, and ensure national defense and security.
Fuhong Precision Component Co., Ltd. in Dinh Tram Industrial Zone in Bac Giang Province's Viet Yen District |
Bac Giang has set a target of becoming a top-15 province in terms of gross regional domestic product (GRDP) in Vietnam. It also strives to become a goods transshipment, transportation, warehousing, logistics and trade hub in the northern region, form and develop national tourist attractions, turn tourism into an important economic sector, and consistently develop production, social and public services.
| In recent years, Bac Giang has become a leader of industrial production growth. |
