Yen Phong Industrial Zone (Source: Internet) Bac Ninh (VNA) – Industrial parks of the northern province of Bac Ninh have made up 70percent of industrial production value, over 90 percent of exports and 51.7 percentof budget collection of the locality.
The figures were givenat a conference on August 24 to review 20 years of forming and developing localindustrial parks.
According to Chairmanof the provincial People’s Committee Nguyen Tu Quynh, the introduction of theManagement Board of Bac Ninh Industrial Parks 20 years ago is a breakthroughstep showing the vision and mindset of provincial leaders in mobilising resources,investment to boost industry’s growth.
After two decades, theindustrial parks have become an important part of the local economy, promotingthe economic structure transform, while improving the province’s capacity inproduction and technology transfer, enhancing production efficiency andengaging deeper into the global production chain.
Established on August25, 1998 under the Prime Minister’s Decision 152, the Management Board of BacNinh Industrial Parks has overcome various difficulties to complete allassigned tasks.
Particularly, strongperformance in investment management and industrial park planning has helpedBac Ninh strongly thrive from a poor locality to one of the richest localities anda socio-economic development model with increasing role in the nationaleconomy.
Since 2000 when BacNinh launched its first industrial park of Tien Son, the province has currentlyhad 16 concentrated industrial parks covering nearly 6,400 hectares. Ten of themhave been operational. The occupation ratio of the park has reached 88 percentof cleared land, much higher than the average ratio of the country.
As of the end of July2018, industrial parks in Bac Ninh have drew 1,278 projects from 33 countriesand territories with total investment of 17.43 billion USD, including 848foreign-invested projects worth 15.4 billion USD and 430 domestically-fundedprojects with combined capital of 2.03 billion USD.
In the first sixmonths of this year, the province’s industrial production hit 500 trillion VND(21.5 billion USD), while export value was 19 billion USD and imports of 11billion USD. Bac Ninh contributed 6 trillion VND (258 million USD) to the Statebudget, and created jobs for 282,000 labourers, of whom 70 percent came fromother localities.
On the occasion, theManagement Board of Bac Ninh Industrial Parks were conferred with the LabourOrder, first class, from the President.-VNA
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