Bắc giang
Bac Giang’s economic growth in 9 months leads the country
BAC GIANG - According to the General Statistics Office, Bac Giang's economic growth in the first 9 months reached 13.89%, the highest in the country.
Particularly, the province's economic growth has continuously achieved positive results, with an increase of 13.96% in the first quarter, 14.31% in the second quarter and about 12.23% in the third quarter.
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The production line at Crystal Martin Vietnam Co., Ltd. |
In the first 9 months, it was up 13.89%, the highest in the country (maintaining the ranking from 2023 to present).
Of which, industry and construction increased about 18.03%, services increased about 6.19%; agriculture, forestry and fishery decreased about 2.19% and product taxes increased about 12.89%.
The above results are achieved thanks to the breakthrough of the provincial industry, leading to high economic growth despite difficulties in agriculture and some other sectors.
Identifying industry as the driving force for growth, Bac Giang has accelerated the progress of site clearance for infrastructure in industrial parks and clusters; attracted secondary investors, created favorable conditions for investors within the legal framework.
In particular, the province has reviewed and synthesized the situation of production, business, import and export activities and difficulties and problems of enterprises then promptly informed and supported them to stabilize production after storms and floods.
Up to now, the majority of enterprises have maintained stable production and business activities, in which many FDI enterprises have continued to maintain a good growth rate such as enterprises belonging to Foxconn Technology Group and in the mechanical and manufacturing industry.
Notably, many projects and enterprises have invested and expanded production with high added value, contributing greatly to industrial growth such as: Luxshare Van Trung ICT Co., Ltd. (estimated 9-month revenue of VND 59,830 billion, up 22.5% over the same period); Fukang Technology Co., Ltd. (estimated 9-month revenue of VND 67,805 billion, up 4.6 times over the same period); Hana Micron Vina Co., Ltd. (estimated 9-month revenue of VND 6,164 billion, up 61.26% over the same period).
At the same time, key products continue to have strong growth such as smart watches, headphones..., also helping increase industrial production value and local economic growth.
BAC GIANG - To date, Bac Giang province has 10 industrial parks which received approval for investment policies with a total planning area of over 2,470 hectares, including over 1,680 hectares of industrial land and nearly 46 hectares of administrative service land for lease.
BAC GIANG - To support customers who are borrowing capital to overcome the consequences of storm No. 3, at this time, some banks in the northen province of Bac Giang have implemented solutions such as temporarily pausing interest collection and reducing interest rates for affected customers.
BAC GIANG - Logistics is a service industry that plays a crucial role in supporting and connecting the processes of production, import-export, distribution, and consumption, generating added value and increasingly contributing to socio-economic development.
BAC GIANG - The Northern Power Corporation has just assigned Bac Giang Power Company to be the investor to implement 9 projects which build and renovate the power grid in Bac Giang province in 2025.
BAC GIANG - In implementation of the cooperation agreement between Bac Giang and Laos’ Xaysomboun provinces, the Department of Agriculture and Rural Development of Bac Giang province has carried out 4 plantation and livestock models in the counterpart province. Besides, 4 other models will be implemented by Bac Giang province in coming time.
BAC GIANG -Businesses affected by typhoon Yagi in Bac Giang province are focusing on fix the consequences to quickly recover and stabilize their production and business.
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