Create an attractive environment to attract investment

Following the achievements of the previous year, in 2024, Bac Giang province continued to strengthen investment promotion and attraction activities, identifying priorities for major regions and partners. Special attention was paid to resolving bottlenecks in mechanisms and policies, so in 2024, Bac Giang province's industrial parks (IPs) had many new investment projects.

Thanks to actively improving the investment environment, Bac Giang is now one of the most attractive and reliable destinations for investors.

Actively improve the business investment environment

Identifying the investment and business environment as playing an important role in attracting investment and developing industry, Bac Giang province has recently actively implemented solutions to improve the investment environment and attract businesses to invest in the area. In particular , focusing on administrative reform and resolving bottlenecks in mechanisms and policies is the top priority of the province with many newly issued regulations as well as amendments, supplements and updates in accordance with current laws.

In addition, the infrastructure of industrial parks and clusters continues to be improved and new premises are created to attract investment. The Provincial People's Committee always accompanies businesses in the production and business process. Provincial leaders, departments and branches regularly dialogue and listen to feedback from people and businesses to promptly resolve problems. The province has organized many conferences to meet and dialogue with businesses in all fields, and held business coffee meetings to grasp the thoughts, aspirations and suggestions of businesses, thereby finding timely solutions. At the same time, it has promoted activities to support businesses, start-ups, and support digital transformation for businesses; consult on documents and procedures associated with the implementation of administrative procedures through online public services throughout the process, using VneID accounts on the public service portal for business registration procedures, etc.

In 2024, the province's investment attraction achieved positive results with many large-scale domestic investment projects approved, especially infrastructure investment projects in industrial parks and expanded FDI projects. It is worth mentioning that with a consistent and selective investment attraction policy, Bac Giang is increasingly attracting many projects with high investment value, modern technology and less labor-intensive. This helps the province's economy develop at a higher level and increasingly affirms Bac Giang as one of the most attractive and reliable destinations for investors.

FDI attraction ranked 10th nationwide

In 2024, the whole province attracted over 2.14 billion USD of converted investment capital, equal to 75% over the same period; of which 24 newly granted DDI projects with registered capital of over 17,685 billion VND, 2.5 times higher; 66 FDI projects with registered capital of over 459.38 million USD, equal to 35.5% of the same period; adjusted capital increase for 21 domestic investment projects, additional capital reached 2,790.88 billion VND, 1.5 times higher than the same period and 63 FDI projects with additional capital of 762.02 million USD, 2 times higher than the same period.

Bac Giang ranks 10th in the country in attracting FDI investment.

In terms of FDI attraction alone, Bac Giang ranks 10th in the country. FDI projects focus mainly on the fields of manufacturing and processing electronic components, garments, logistics, etc. Up to now, there are over 30 countries and territories with investment projects in the province; of which, China is the largest investor in the province, followed by Korea, Singapore, Japan, etc. In addition, the whole province has 1,825 enterprises and 162 newly established branches and representative offices.

The province also has great potential to attract investment. It is expected that by 2030, Bac Giang will plan 29 industrial parks with an area of ​​about 7,000 hectares (total area of ​​16,052 hectares). To date, the province has attracted nearly 2,000 domestic and foreign investment projects, including 1,383 DDI projects with a total capital of more than VND 120,768 billion and 609 FDI projects with a total capital of USD 12,440 million.

Improve the business investment environment, enhance the quality of investment attraction

To improve the effectiveness of investment attraction, in the coming time, Bac Giang province will continue to focus on directing, operating, and enhancing dialogue between provincial leaders, leaders of sectors and localities with enterprises to promptly handle difficulties and shortcomings, creating a favorable, open and transparent investment and business environment. Continue to consistently implement the policy of "accompanying enterprises", actively supporting investors and enterprises to remove difficulties and obstacles.

Bac Giang continues to "accompany businesses", actively supporting investors and businesses to remove difficulties and obstacles.

At the same time, strengthen state management of investment projects. Implement well the settlement of administrative procedures in the electronic environment, standardize and digitize the process of handling documents. Prepare conditions, especially infrastructure, human resources, and premises to proactively anticipate the flow of foreign investment capital, especially quality capital sources with advanced technology in the direction of developing industries and fields; maintain high-ranking component indicators, analyze and propose new solutions to improve the scores of poor component indicators of the Provincial Competitiveness Index (PCI).

Promote training and improve the quality of labor resources based on market demand and reasonable structure. Continue to strengthen information and propaganda work to create consensus of the entire political system on environmental improvement and business investment in the province. Synchronously implement solutions to remove difficulties and support enterprises in stable production activities such as: Effectively deploy industrial promotion, trade promotion, energy saving activities; support linkages to connect production units with consumer markets, especially consumers, contributing to promoting product consumption and expanding business networks. Organize connections and support domestic enterprises to participate in the supply chain for enterprises and projects with foreign investment capital./.

An Nhien

Source: https://bacgiang.gov.vn/chi-tiet-tin-tuc/-/asset_publisher/St1DaeZNsp94/content/tao-moi-truong-hap-dan-e-thu-hut-au-tu