The northern province of Bac Giang will further its efforts to boost the local business environment.
(Photo: baobacgiang.com.vn)

Bac Giang (VNA) – The northern province of Bac Giang will further its efforts to boost the local business environment by accelerating administrative reform and improving competitive capacity, said Chairman of the provincial People’s Committee Nguyen Van Linh.

He said the goal is to enhance the province’s competitive capacity so it can enter the top 15 of the Provincial Competitiveness Index (PCI) by 2020.

To facilitate local business, the province will hold regular meetings with enterprises to tackle their issues.

The People’s Committees at district and city levels should prioritise land clearance to carry out important projects like Bac Giang-Lang Son expressway, Hanoi’s fourth ring road running through Bac Giang province and a road connecting provincial Road No 293 and My An port.

Together with land clearance at Hoa Phu industrial park, the province has urged infrastructure developers at industrial zones to hasten the construction of technical infrastructure, particularly waste treatment systems.

It will also work with FLC Group to study, survey and establish industrial parks in Yen Son and Bac Lung communes in Luc Nam district.

Procedures required for local authority’s approval of Build-Transfer (BT) projects will be devised while key investment projects such as the inpatient treatment facility and medical gas pipeline system at Bac Giang General Hospital, a provincial gymnasium and the upgrade of Dong Son bridge and its approaching roads will be hastened.

From January 1-May 10, the province approved 51 domestic investment projects with total registered capital of more than 695 billion VND (30.58 million USD), including 27 foreign direct investment (FDI) projects valued at 84 million USD. Compared to the same time last year, the number of domestic projects surged 37.8 percent and that of FDI projects increased 35 percent.

Bac Giang is home to more than 1,420 operating projects, including 1,074 domestic projects and 348 FDI projects.

More than 30 trillion VND (1.32 billion USD) in investment capital has been disbursed since 2016. As of the end of May, there were nearly 7,500 Vietnamese businesses with total registered capital of more than 48.6 trillion VND (2.14 billion USD) and 336 foreign-invested firms with total registered capital exceeding 3.1 billion USD in the province.

Last year, the province’s PCI moved three steps to rank 30th out of 63 cities and provinces nationwide.-VNA