In recent years, Bac Giang has always ranked among the top localities nationwide in the gross regional domestic product (GRDP), reaching 13.45% in 2023 and 14.14% in the first half of 2024. Authorities said the main driver of this growth was still industrial development.

According to the Department of Planning and Investment, the industrial growth rate was 19.1% in H1, thanks to the strong recovery of foreign direct investment (FDI) enterprises as they make up a significant proportion of the province’s total industrial production value.

The electronics manufacturing sector continued to lead the province's industry, with many products showing strong growth such as laptops, headphones, and iPads.

In the first six months, the total industrial production value reached over 315 trillion VND ($12.67 billion). In July, the figure continued to increase thanks to the growth of several large enterprises.

Notably, Luxshare-ICT Van Trung Co., Ltd., located in the Van Trung Industrial Park, is one of the companies with a large workforce. Its July revenue was estimated at 7.75 trillion VND, up 69.65% year-on-year.

Similarly, Hana Micron Vina Co., Ltd., a company from the Republic of Korea based in the Van Trung Industrial Park, saw its revenue last month reach 860 billion VND, doubling the figure in the same period last year. The second factory of the semiconductor producer, which started operations at the end of 2023, has contributed to the revenue increase.

Alongside industrial production, the service sector has also recovered, with a growth rate of 6.42% in the first half. The combined growth of industry, construction, services, and agriculture, forestry, and fisheries has contributed to the overall expansion of the province in the early months of the year, helping Bac Giang maintain its growth momentum.

Maintaining a high ranking in economic growth compared to the rest of the country demonstrates the effectiveness of the province's direction and management measures.

Bac Giang's experience involves attracting on-the-spot investment. It means creating conditions, and encouraging enterprises which have already been investing in the locality to expand their production and business.

For example, Fukang Technology Co., Ltd. in the Quang Chau Industrial Park invested in new production lines and expanded its factory at the end of last year. This company, part of Taiwan’s Foxconn Technology Group, specializes in manufacturing and assembling tablets and laptops for Apple. In July, its revenue reached approximately 11.5 trillion VND, a 35.5-fold increase compared to the same period last year.

JA Solar Vietnam Co., Ltd. recently put a new factory into operation at the Viet Han Industrial Park. Most recently, Sunwoda Group (China) signed a in-principle contract to expand its production facility at the Yen Lu Industrial Park.

Since the beginning of the year, the Management Board of the province’s Industrial Parks has approved the adjustment of 142 projects, including 41 with additional capital amounting to 632.34 million USD and 816.86 billion VND ($33 million).

The total number of investment projects in industrial parks now stands at 506, including 393 foreign-invested and 113 domestic ones. Many large multinational companies have shared that they continue to choose Bac Giang for expansion because of its preferential policies, administrative reforms, support and timely response to businesses’ requests.

According to the management board, accompanying and assisting enterprises and investors is a high priority. Since the beginning of the year, its investment support center has provided support and advice to more than 110 enterprises on investment, construction planning, and environmental issues.

In addition to industrial development, the province has also focused on agricultural production as a pillar of the economy.

Truong Son