Create an attractive environment to attract investment.

Building on the achievements of the previous year, in 2024, Bac Giang province continued to strengthen its investment promotion and attraction activities, prioritizing major regions and partners. Particular attention was paid to addressing bottlenecks in mechanisms and policies, resulting in many new investment projects in Bac Giang's industrial parks in 2024.

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

Actively improve the investment and business environment.

Recognizing the crucial role of the investment and business environment in attracting investment and industrial development, Bac Giang province has actively implemented solutions to improve the investment environment and attract businesses to the area. In particular , administrative reform and addressing bottlenecks in mechanisms and policies have been prioritized, with many new regulations issued as well as amendments, supplements, and updates to align with current laws.

In addition, the infrastructure of industrial zones and clusters continues to be improved, and new land is available to attract investment. The Provincial People's Committee always accompanies businesses in their production and business activities. Provincial leaders and departments regularly engage in dialogue and listen to feedback from people and businesses to promptly resolve difficulties. The province has organized many conferences and dialogues with businesses in all sectors, and held business networking events to understand the concerns, aspirations, and suggestions of businesses, thereby providing timely solutions. Simultaneously, it has promoted activities to support businesses, startups, and digital transformation; provided advice on documents and procedures related to the implementation of administrative procedures through online public services, using VneID accounts on the public service portal for business registration procedures, etc.

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

Vietnam ranks 10th nationwide in attracting FDI.

In 2024, the province attracted over US$2.14 billion in converted investment capital, equivalent to 75% of the same period last year; including 24 newly licensed domestic direct investment (DDI) projects with registered capital of over VND 17,685 billion, 2.5 times higher; 66 foreign direct investment (FDI) projects with registered capital of over US$459.38 million, equivalent to 35.5% of the same period last year; capital increases for 21 domestic investment projects, with additional capital reaching VND 2,790.88 billion, 1.5 times higher than the same period last year; and 63 FDI projects with additional capital of US$762.02 million, double the amount of the same period last year.

Bac Giang ranks 10th nationwide in attracting FDI.

In terms of attracting FDI, Bac Giang ranks 10th nationwide. FDI projects are mainly concentrated in the manufacturing and processing of electronic components, garments, and logistics. To date, over 30 countries and territories have investment projects in the province; among them, China is the largest investor, followed by South Korea, Singapore, and Japan. In addition, the province has 1,825 newly established businesses and 162 branches and representative offices.

The province also has significant potential to attract investment. It is projected that by 2030, Bac Giang will have planned 29 industrial parks covering approximately 7,000 hectares (out of a total area of ​​16,052 hectares). To date, the province has attracted nearly 2,000 domestic and foreign investment projects, including 1,383 domestic direct investment (DDI) projects with a total capital of over VND 120,768 billion and 609 foreign direct investment (FDI) projects with a total capital of USD 12,440 million.

Improving the investment and business environment, enhancing the quality of investment attraction.

To enhance the effectiveness of investment attraction, Bac Giang province will continue to focus on directing and managing, strengthening dialogue between provincial leaders, leaders of sectors and localities with businesses to promptly address obstacles and shortcomings, creating a favorable, open, and transparent investment and business environment. The province will continue to consistently implement the policy of "accompanying businesses," actively supporting investors and businesses in overcoming difficulties and obstacles.

Bac Giang continues to "stand alongside businesses," actively supporting investors and enterprises in overcoming difficulties and obstacles.

Simultaneously, strengthen state management of investment projects. Effectively handle administrative procedures electronically, standardize and digitize the process of handling documents. Prepare the necessary conditions, especially infrastructure, human resources, and land, to proactively attract foreign investment flows, particularly high-quality capital with advanced technology, in line with the development orientation of various industries and sectors; maintain high-ranking component indicators, and analyze and propose new solutions to improve the scores of component indicators that are still lagging in the Provincial Competitiveness Index (PCI).

Promote training and improve the quality of the workforce based on market demand and a rational structure. Continue to strengthen information and communication efforts to create consensus throughout the political system on improving the province's investment and business environment. Implement comprehensive solutions to overcome difficulties and support businesses in maintaining stable production, such as: effectively implementing industrial promotion, trade promotion, and energy saving activities; supporting linkages to connect production units with consumer markets, especially consumers, contributing to boosting product consumption and expanding business networks. Organize connections and support domestic businesses to participate in the supply chains of foreign-invested enterprises and projects.

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