Bac Giang strives to get industrial production value of 500 trillion VND

In 2023, Bac Giang strives to get an industrial production value (actual price) of over 502 trillion VND, up 27% over last year.
Bac Giang strives to get industrial production value of 500 trillion VND ảnh 1Illustrative photo. (Photo: bacgiang.gov.vn)

Bac Giang (VNA) – In the first three months of this year, Bac Giang province’s industrial production value (current price) reached nearly 115.5 trillion VND (5 billion USD), marking an increase of 11.1%.

Specifically, industrial production value in State-owned enterprises reached 2.515 trillion VND, down 3.7%; non-state enterprises 13.025 trillion VND, up 20.7%; and FDI sector nearly 100 trillion VND, up 10.4%.

The province’s industry in the first three months of 2023 faced great challenges, especially in exports like garments and those manufactured and supplied to Samsung. Thanks to concerted and effective solutions, the province's industrial production still achieved positive results.

Accordingly, major enterprises manufacturing electronic components were operating stably and tended to expand production such as Siflex Company, Fuyu Company, and Luxshare Company. They continue to be the main driving force for the growth of the provincial economy as the industrial production index of the electronic product manufacturing industry in the first quarter reached 15.42%.

Some other manufacturing industries also increased quite well. A total of 68 new enterprises started production, contributing to the growth of the province's industry sector, for example food processing and production increased by 79.4%; electrical equipment production rose by 17.8%; and production of beds, cabinets, tables, and chairs grew by 18.9%.

Bac Giang strives to get industrial production value of 500 trillion VND ảnh 2In the first quarter of 2023, Bac Giang province focuses on investing in developing the technical infrastructure of industrial parks and industrial clusters. (Photo:VNA)

In the first quarter of 2023, the province focused on investing in developing the technical infrastructure of industrial parks and industrial clusters as planned; and established four new industrial clusters. It also implemented steps to develop a plan for the development of 15 priority industrial parks for the period of 2022 - 2025 and seven industrial parks by 2030. The province completed dossiers and procedures for consulting ministries and branches and submitted to the Prime Minister investment policies for six industrial parks, and merging two industrial clusters into industrial parks.

Bac Giang also focused on speeding up the progress of site clearance, compensation, and investment in building the technical infrastructure of approved industrial parks and industrial clusters.

According to the provincial People's Committee, in the second quarter of 2023, the province will focus on preparing conditions, especially infrastructure, human resources, and sites to actively anticipate the flow of foreign investment capital, especially quality capital sources with advanced technology.

Bac Giang prioritises calling on investors from countries that join multilateral FTAs with Vietnam and operate in the fields of digital technology, digital economy, supporting industries, services, trade, and commercial.

In addition, the province focuses on speeding up investment, building the infrastructure of industrial parks, putting them into operation at an early date, attracting investment, and creating motivation to promote socio-economic development. It concentrates on completing the compensation for land clearance in areas of Viet Han, Quang Chau, Hoa Phu, and Song Khe - Noi Hoang industrial parks, and new industrial parks of Yen Lu, Tan Hung, and Hoa Phu.

In 2023, Bac Giang strives to get an industrial production value (actual price) of over 502 trillion VND, up 27% over last year. From now until the end of the year, the province will implement solutions to continue promoting industrial restructuring towards attracting investment to processing and manufacturing industries and reducing the proportion of outsourcing and assembling products that can be produced domestically.

The province continues to promote technological innovation and improve production processes. It urges investors to speed up the implementation of the projects of the Bac Giang city logistics service centre, calling for investors to build inland ports (ICD), and perfect the chain of logistics services in the locality./.

VNA

See more

National Highway 61C (Photo; baohaugiang.com.vn)

Hau Giang, JICA to upgrade national highway

National Highway 61C linking Can Tho city with Hau Giang province will feature four lanes for motor vehicles and two for non-motorized traffic, with an estimated cost of over 5.17 trillion VND (206.8 million USD).

At the ceremony (Photo: nhandan.vn)

Ha Nam grants investment certificates for two key projects

Ha Nam province on February 13 licenced the high-precision circuit board manufacturing plant of Red Board Technology (Vietnam) Co., Ltd., and the kitchenware and related metal products manufacturing plant of Casla Kitchenware JSC.

A total of 18,893 cars were sold in Vietnam in January, a drop of 40% compared to the previous month (Photo: VietnamPlus)

Car sales in Vietnam down 40% in January

Experts attributed a sharp decline in car sales to the Lunar New Year (Tet) holidays, impacting consumers' purchasing power. Consumers tend to wait for new models and releases at this time of year, contributing to lower sales during this period.

Illustrative image (Photo: VNA)

Retail fuel prices in latest adjustment

According to the new pricing, E5 RON92 bio-fuel is now priced at 20,598 VND per litre, up 156 VND, while RON95-III costs 21,074 VND per litre, an increase of 146 VND.

NA Chairman Tran Thanh Man speaks at the session on February 13. (Photo: VNA)

NA weighs new policies to boost science, technology, innovation

The resolution, presented at the February 13 session of the NA Standing Committee, seeks to establish a legal framework that would effectively boost national scientific-technological advancement and digital transformation, making them driving forces for socio-economic development to deliver on the dual targets by 2030 and 2045 as outlined at the 13th National Party Congress.

CPI in January 2025 rose by 0.98% compared to December 2024 (Photo: thoibaotaichinhvietnam.com)

Fiscal, monetary policies support demand stimulation, price stabilisation

These efforts, in conjunction with the implementation of monetary policies and other macroeconomic policies, aim to solve difficulties for businesses and the public, stabilise the macroeconomy, control inflation, ensure the balance of the economy, promote economic growth, and secure social welfare and people's livelihoods.

People line up to register for land auctions in Hoai Duc district, Hanoi. (Photo: VNA)

Affordable housing for young buyers a win-win: HoREA

Most young people are ambitious and have a long career path ahead of them to generate income and repay loans. Typically, within 10-15 years, their earnings will double or triple, making such loans low-risk for banks, said HoREA