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

Illustrative 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%.

In 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./.