According to the Department of Industry and Trade, the industrial production value (current prices) was estimated at 72,803 billion VND (3 billion USD) in July and 387,299 billion VND in 7 months, up 28.3% over the same period last year, equal to 58.2% of the plan.

Of which, the electronic product manufacturing continues to demonstrate its leading role in the province's industry, with a sharp increase by nearly 50% over the same period. In July, this field increased about 55.41% thanks to strong growth of large enterprises.

For example, Korean Enterprise Hana Micron Vina Co., Ltd., headquartered in Van Trung Industrial Park achieved revenue of more than 860 billion VND in July, doubling the same period last year. It was because the company started to operate second factory at the end of last year to create many products.

The company specializes in manufacturing and processing integrated circuit boards for mobile phones and smart devices and creates jobs for nearly 2,000 workers.

Similarly, Fukang Technology Co., Ltd in Quang Chau Industrial Park earned revenue of about 11,493 billion VND in July, 35.5 times higher than last year figure. This enterprise focuses on manufacturing and processing tablets and laptops for Apple.

Also operating in the electronics field, Luxshare-ICT Van Trung Co., Ltd. Earned about 7,749 billion VND in July, an increase of 69.65%. Some key electronic products have strong increases such as: Smart watches; earphone; laptops, iPad…

It is estimated that by 2024, the value of the manufacturing industry of electronics, optics, computers, electronic components... will reach more than 472,000 billion VND, accounting for about 70% of the total value of the processing and manufacturing industry and nearly 69% of the total industrial production value (in 2024, the province's industrial production value is estimated at more than 685,000 billion VND).

The development of the electronics industry is mainly thanks to attraction of large investments from Korean and Chinese multinational corporations in the field of electronic component manufacturing. This shows that in recent years, Bac Giang's selective investment attraction policy has been effective.

At the same time, Bac Giang creates favorable conditions to attract supporting industries of the electronics field with a series of businesses that are level 1, level 2 vendors... of large enterprises, bringing businesses in the area to participate in the global value chain. Therefore, it has attracted many large corporations to "nest" in Bac Giang such as Luxshare-ICT, Foxconn, Hana Micron...

Particularly, Hana Micron Group only uses more than 6 hectares of land but invests up to 600 million USD (investment rate is about 100 million USD per hectare, more than 10 times higher than the minimum investment rate regulations of Bac Giang province and highest among the investors).

This project not only saves land but also uses less labor, bringing high efficiency. Therefore, although the enterprise strives for revenue of about 800 million USD by 2025, this number has so far exceeded the set target.

At a number of meetings and working sessions with investors to explore investment opportunities in Bac Giang, Le Anh Duong, Chairman of the Provincial People's Committee emphasized that in the coming period, Bac Giang province will focus on developing the industry based on promoting and attracting investment in high-tech projects.

He hoped investors will better understand the opportunities, potential, and advantages of Bac Giang as well as local viewpoints, policies and determination.

The province always listens to recommendations to promptly answer and remove difficulties and problems of businesses.

Truong Son