Besides always being ready to support investors, Bac Ninh 's infrastructure system meets all strict requirements of investors such as stable electricity and water supply systems, transportation, logistics, and social infrastructure.
In the economic picture of Bac Ninh province in the first 9 months, attracting foreign direct investment (FDI) continues to be a bright spot alongside other economic indicators. This is the result of efforts to improve the investment environment as well as infrastructure by local leaders in the process of turning Bac Ninh into a development pole of the Capital region and the Red River Delta.
Bright spot in attracting FDI capital
Bac Ninh's economic growth continued to recover in the third quarter with GRDP in the first 9 months of 2024 increasing by 5.52%. All economic development sectors maintained good recovery; in which the total FDI capital in the province reached over 4.2 billion USD, an increase of over 237%. With this result, Bac Ninh continues to be the leading locality in the country in attracting FDI.
With efforts to improve management and governance indexes, and create open investment policies, Bac Ninh has always affirmed itself as an attractive and safe destination for hundreds of domestic enterprises and dozens of international corporations from 40 countries and territories. The wave of investment from major countries in Asia such as Japan and South Korea in the fields of software and semiconductor industries has further affirmed the significant qualitative changes in attracting FDI capital to Bac Ninh.
To achieve that result, investment promotion has always been focused on by the leaders of Bac Ninh province. Since the beginning of the year, the provincial leaders have met and worked with many FDI enterprises in the area to share and solve difficulties such as meeting with Samsung Vietnam complex, typical Chinese, Japanese and Vietnamese enterprises; visiting and working with Canon Vietnam Co., Ltd., Goertek Vina Co., Ltd. At the same time, organizing receptions and working sessions with Amkor Technology Vietnam Co., Ltd., Chairman of Goertek Group, Johnson Group (Taiwan, China), CMC Technology Group, Kine SIC Semi Company (USA) to explore investment cooperation opportunities in the province.
The leaders of Bac Ninh province also received and worked with domestic and foreign delegations such as the Ambassador Extraordinary and Plenipotentiary of Azerbaijan and Kazakhstan to Vietnam; Kawasaki City, Kanagawa Prefecture, Japan; Delegation of the Federal Republic of Germany; Delegation of Yangzhou City; President of Timor-Leste to learn about and cooperate in investment. In addition, organizing delegations to promote investment and seek opportunities for development cooperation abroad. Most recently, Secretary of the Bac Ninh Provincial Party Committee Nguyen Anh Tuan led a delegation of Bac Ninh province to promote investment in the United States.
Secretary of the Bac Ninh Provincial Party Committee Nguyen Anh Tuan affirmed that Bac Ninh always thinks, works, wins, develops and is proud of investors. Provincial leaders are always ready to create all conditions for businesses to invest in Bac Ninh. The province commits to accompany and handle administrative procedures, site clearance, provide high-quality human resources, security, property safety and convenient public services. In addition to ensuring an open, favorable, equal and transparent investment and business environment for investors, provincial leaders also proactively grasp investors' difficulties and problems to promptly resolve and remove them.
On September 25, 2024, the Provincial People's Committee issued Plan No. 344/KH-UBND on Monthly Meetings with Entrepreneurs in Bac Ninh Province, starting from October 2024. This is an opportunity for provincial leaders to promptly receive, listen to and handle difficulties and problems of entrepreneurs and investors. The first meeting will take place on October 10.
According to the plan, the leaders of Bac Ninh province will meet with entrepreneurs every month with the aim of creating an "open" environment with a spirit of learning, a close and friendly atmosphere between the government and entrepreneurs and investors to exchange market information, policies and laws related to the business environment and international economic integration; enhance the connection between the parties to co-create, contribute ideas, propose solutions to build Bac Ninh province to develop green, smart, prosperous...
Currently, Bac Ninh focuses on attracting investment projects in a selective manner, choosing projects with large investment capital, modern technology, environmentally friendly, using quality labor and making positive contributions to the socio-economic development of the locality. The province focuses on developing high-tech and green industries, forming a leading electronics center in Vietnam associated with smart technology, accelerating the progress of large industrial projects, having a spillover effect to become the main driving force for economic growth.
Attraction from industrial infrastructure
As the industrial capital of the North, Bac Ninh currently has 16 concentrated industrial parks and more than 30 industrial clusters with a planned area of about 7,000 hectares; attracting more than 2,400 FDI projects with a total investment capital of over 29 billion USD, an occupancy rate of over 60%.
A representative of Amkor Technology, a semiconductor company investing in Bac Ninh, assessed that in addition to the government always being ready to support investors, Bac Ninh's infrastructure system meets all the strict requirements of investors such as stable electricity and water supply systems, transportation, logistics, social infrastructure (expert housing, worker housing). It can be affirmed that the infrastructure system here is one of the best in Southeast Asia.
According to the plan, by 2030, Bac Ninh will have 21 industrial parks; in which priority is given to developing concentrated industrial parks, specialized industrial parks, synchronous and high-quality multi-functional industrial parks; encouraging the construction of ecological industrial park models, urban-service industrial parks.
The province's industrial development space will include 4 regions including Electronic Technology Valley - Yen Phong district; Industrial Corridor - Que Vo town; New Industrial Park - Thuan Thanh town and Luong Tai district, Gia Binh district; Information Technology and High Technology Center - Tien Du district and Bac Ninh city.
Chairman of the People's Committee of Bac Ninh province, Vuong Quoc Tuan, affirmed that the province will synchronously implement solutions to realize the planning of Bac Ninh province for the period of 2021-2030, with a vision to 2050, adjust the general planning of Bac Ninh urban area to 2045, the planning of the Red River Delta region for the period of 2021-2030, with a vision to 2050 on the basis of promoting investment attraction, developing strategic infrastructure, and perfecting the transportation system. The province focuses highly on directing site clearance, paying attention to mechanisms and solutions to speed up compensation and resettlement support; being drastic in site clearance to have clean land to meet the needs of investors.
In addition, the province continues to develop and promulgate mechanisms and policies to encourage industrial development in each period in accordance with the development conditions in each period and each field; encourage the attraction of foreign investment in priority industries serving exports, processing and manufacturing industries, industries serving agricultural and rural industrial development, high-tech industries with high added value, industries with competitive advantages associated with modern technology, contributing to economic restructuring. At the same time, promote the implementation of in-depth investment support, technological innovation associated with minimizing environmental impacts.
According to Director of the Department of Planning and Investment of Bac Ninh province Nguyen Dinh Xuan, up to now, urban planning and development have been highly focused, Bac Ninh has completed 25 out of 26 Zoning Planning Projects, contributing to creating new growth and development momentum for the province. In addition, the province has just publicly announced a list of 167 projects attracting investment in 2024, oriented to 2030, with a land use area of 11,638 hectares, the planning, contributing to creating new momentum for economic growth and sustainable development of the province./.
Source: https://baolangson.vn/tinh-bac-ninh-tap-trung-kien-tao-thoi-nam-cham-hut-dong-von-fdi-5024593.html
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