Bắc giang
Industrial production value reaches over 700 trillion VND.
BAC GIANG - Despite facing many difficulties and challenges in 2024, the Bac Giang’s economy continues to recover which is clearly demonstrated in many indicators, especially in terms of industrial production value, reported the Department of Industry and Trade.
The province's industrial production value is estimated at more than 700 trillion VND (29.4 billion USD), an increase of 30.1% compared to 2023, exceeding the annual plan by nearly 6%.
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The production line of the enterprise in Van Trung Industrial Park (Viet Yen township). |
Of which, the foreign-invested sector reaches over 636 trillion VND, up 32.6% over the previous year and exceeding the annual plan by 20.5%. The state sector earns over 13.6 trillion VND, up 51.4% over the previous year and exceeding the annual plan by 10.5%. And the rest was contributed by the non-state sector.
The authorities assessed that the industrial structure has shifted in the right direction, in which the processing and manufacturing industry (accounting for 98.5% of the province's industrial production value) plays a leading role.
Regarding the prospects for industrial production activities in the coming time, the authorities believed that it will continue to flourish thanks to the recovery of the world economy and the full implementation of Vietnam's free trade agreements (FTAs).
In addition, the economic recovery package with support policies will help the business community quickly recover production and business activities...
Therefore, Bac Giang is currently continuing to clear land, invest in infrastructure of industrial parks, increase the attraction of secondary investors, promote industrial development and create the main driving force for economic growth.
Steady annual growth in FDI is a key driver of industrial real estate in Vietnam, according to Savills’ Asia Pacific Investment Quarterly report for the third quarter of the year.
BAC GIANG - The Bac Giang Provincial Industrial Park Management Board has just granted an investment registration certificate to Crown Advance Material Vietnam Co., Ltd to implement an investment project to build third plastic film manufacturing factory in Yen Lu Industrial Park in Yen Dung district.
Vietnam is expected to be among the top three Southeast Asian countries in terms of industrial competitiveness by the end of this decade, as outlined in an action programme issued by the Ministry of Industry and Trade (MoIT) this week.
BAC GIANG - The industrial production value (actual price) in 10 months reached more than 562.6 trillion VND (nearly 24 billion USD) in Bac Giang province, increasing 28.1% over the same period last year and reaching 84.5% of the yearly plan, confirmed the Department of Industry and Trade.
Investors are bullish on Vietnam's industrial property market growth on the back of the nation's strategic location, sound infrastructure, and increasing demand for industrial space.
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