As one of the enterprises with large foreign direct investment (FDI) in Bac Giang, leader of JA Solar Vietnam Company Limited in Quang Chau Industrial Park suggested the province to have solutions to ensure the power stability and increase the power supply for production expansion in a number of contacts and dialogues.

Illustrative image.

To meet the needs of companies, the province assigned authorities to research and establish an electricity project to supply to Vietnam Korea Industrial Park. Thanks to the additional power source, the company expanded a factory (JA Solar NE Vietnam Co., Ltd.) in this industrial park which is specialized in producing photovoltaic cell panels.

Together with JA Solar Vietnam Co., Ltd., many businesses expanded production scale and poured more investments to the province.

According to statistics, for the first 2 months of the year, the whole province has attracted total investment of 468.4 million USD from many newly established and adjusted projects.

In 2023, Bac Giang attracted more than 3 billion USD of foreign investment capital, ranking 4th in the country.

With the increasing number of enterprises and large production scale, Vietnam Electricity Group (VEG) forecasts that the electricity growth rate of Bac Giang province will be among the largest in the North.

Accordingly, the VRG prioritizes to invest in a series of power projects in Bac Giang. The province also coordinates and proposes in planning key power projects; actively clearing land for handover and speeding up the progress of power projects.

The provincial leaders regularly review and direct departments, branches and localities to grasp and closely follow the situation to find solutions to remove difficulties and obstacles.

In the regular meeting last February, Chairman of the Provincial People's Committee Le Anh Duong emphasized that one of the solutions Bac Giang must pay attention to creating a growth breakthrough is to invest in electricity infrastructure and ensure the power supply.

Many power projects, especially those invested in industrial development, are facing difficulties in investment procedures and construction sites. He assigned the Vice Chairman of the Provincial People's Committee in charge of the field to work and inspect the specific tasks then solve each task, quickly complete and soon put the projects into operation to serve local socio-economic development.

Vietnam passport 73rd most powerful in the world

Global citizenship financial advisory firm Arton Capital has placed the Vietnamese passport at 73rd place with access to 70 destinations in the latest 2024 ranking, standing behind most of its Southeast Asian neighbors.

FDI firms power Vietnam’s exports

Foreign firms contributed 259.95 billion USD or 73.1% of Vietnam’s total export revenue in 2023, statistics show.

Singaporean, Chinese investors eye stakes in six wind power plants

Singaporean and Chinese companies are interested in acquiring part or all of six wind power plants in the central province of Quang Tri.

Bac Giang Power Company works hard to ensure power supply for socio-economic development

BAC GIANG – The Power Management and Distribution Department of Region VII (referred to as Electricity Department VII), the predecessor of Bac Giang Power Company (PC Bac Giang), was established from a number of units of the Ha Bac Power Plant and officially went into operation on January 1, 1974,. During the 50 years of construction and development, PC Bac Giang has overcome difficulties, made many achievements, and exerted efforts to supply electricity for local socio-economic development.

Vietnam mulls undersea power line to develop renewable energy

Prime Minister Pham Minh Chinh has tasked state energy firm Petrovietnam with laying underwater power transmission lines and developing offshore wind power.