The programme gives comprehensive development orientations for economic sectors: industry, agriculture and services, in which industry is the main driving force, agriculture serves as a foundation, and services as a facilitator. It also emphasizes a synchronous and harmonious development between economy, culture, society and the environment; between urban and rural areas; and between delta and mountainous areas.

Illustrative photo.

The programme focuses on restructuring economic sectors that engage in the general growth of the local economy in the following order: Industry - Services - Agriculture. Industry, services and agriculture will develop synchronously, support and supplement each other.

The programme aims to enhance investment attraction, striving for total newly registered and added investment capital in the province to reach about 1.3 billion USD (including FDI and domestically invested projects). Under the programme, the province will implement policies to support and encourage start-up and business development, aiming to have at least 1,500 new enterprises in 2021.

In the industrial sector, the province will attract investment in electronics industry, textiles, electricity production, mechanical engineering, and processing of agro-forestry products and food.

In the agricultural sector, efforts will be made to lure investment in agricultural development in the direction of specialized, concentrated, large-scale production and clean agricultural production using high and environmentally friendly technology to create the stability; while forming large-scale concentrated commodity production areas, focusing on key products and typical products with potential and strengths.

In the trade and service sector, Bac Giang aims to attract investment in the development of services and urban areas, with focuses and key points; form a number of national tourist sites and provincial-level general service areas; and carry out projects to build urban areas, trade centers and high-class hotels...

The 2021 investment promotion programme also includes building database serving investment promotion activities; developing publications and documents for investment promotion; promoting communications to introduce the local investment environment, policies, potential and opportunities...

The programme is estimated to cost 3.65 billion VND (158,300 USD).

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TS