Bắc giang
Bac Giang creates attractive, equal investment climate
BAC GIANG- In order to encourage and grasp the production situation, the provincial leaders of Bac Giang province have visited and inspected some enterprises in the locality. Through the visits, the provincial leaders wanted to send the message to investors that the province always accompanies and facilitates enterprises for their stable development.
The representative of Foxconn Group in Vietnam expressed his pleasure to welcome the provincial leaders to pay working visit to the Group. Foxconn has invested in Bac Giang since February 2007 with 11 projects and total 2.2 billion USD of investment capital, which is the biggest foreign investor in the province, creating jobs for about 80,000 workers.
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An overview of Bac Giang city. |
Apart from Foxconn, a number of companies have planned to expand production scale, increase capacity and develop in the province, that is a clear evidence for the better investment climate of Bac Giang.
Bac Giang province issued the plan to implement the Government’s Resolution No 02/NQ-CP dated January 8, 2025 on major tasks and solutions for improving the business climate and enhancing national competitiveness in 2025.
Accordingly, the province will continue to improve its business climate towards cost reduction, safety and conformity to legal regulations while encouraging innovation and creativity to heighten the province’s stature.
It is targeted to create a favourable, equal, open, transparent and friendly investment climate to promote investment attraction and business development.
Besides, the province will mobilise and effectively utilise resources for comprehensive and firm development. It will strive to be in top leading provinces and cities nationwide in provincial competitiveness index and become an attractive destination for domestic and foreign investors.
Vietnamese Government pledges support for the investors to develop high-tech sectors through incentives regarding investment and high-quality human sources.
According to a recent survey by JETRO on business conditions for Japanese-affiliated companies overseas, the expanding domestic market demand and the increasing profitability rate are major driving forces for Japanese businesses to continue expanding their operations in Vietnam in the coming years.
The recent signing of a Memorandum of Understanding (MoU) between Vietnam's Ministry of Planning and Investment (MPI) and Japan's Mie prefecture has taken economic and investment cooperation between the two countries, and particularly with Mie, to a new level.
Vietnam has cemented its position as an attractive destination for foreign businesses looking to expand their operations in Southeast Asia, driven by robust growth and expanding infrastructure.
BAC GIANG - On the afternoon of January 15, the Bac Giang Provincial People's Committee held a meeting to grant investment registration certificates and deploy the implementation plan of Xuan Cam - Huong Lam Industrial Park in Hiep Hoa district for the phase 1. The event was chaired by Phan The Tuan, Vice Chairman of the Provincial People's Committee.
Prime Minister Pham Minh Chinh and his Lao counterpart, Sonexay Siphandone, co-chaired an investment cooperation conference in Vientiane on January 9, as part of the Vietnamese leader’s trip to the neighbouring country.
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