Bac Ninh to spend over 150 billion VND in supporting industry development

Illustrative image (Photo: VNA)

Hanoi (VNA) - The People's Committee of Bac Ninh province has approved a programme on the development of supporting industries for the 2021 – 2025 period with total funding of nearly 154 billion VND.

Accordingly, Bac Ninh aims to develop supporting industries based on the province's development needs and in accordance with requirements and orientations on Bac Ninh's industrial development.

The province targets to become a city with modern, hi-tech industry by 2030, and a smart, hi-tech industrial city by 2045.

Bac Ninh advocates to promoting the development of supporting industries via raising the competitiveness of supporting industry enterprises and attracting investments from various economic sectors, thereby increasing the number of supporting industry firms.

By 2025, Bac Ninh will have about 800 enterprises operating in supporting industries which participate in the global supply chain. Of them, 70 percent apply the management system meeting requirements of global production chains in corporate governance and production management.

Total funding for the implementation of the programme approved by the Provincial People's Committee in the 2021 - 2025 period is 153.97 billion VND (6.74 million USD), including 113.94 billion VND from from the State budget and more than 40 billion VND from other sources.

The Bac Ninh provincial People's Committee has assigned the Department of Industry and Trade to coordinate with other departments, sectors and People's Committees of districts, towns and cities in implementing the programme./.