The Provincial Party Committee (PPC) issued the Plan to implement Resolution 10, striving to have at least 11,000 enterprises in Bac Giang by 2020, over 19,000 companies by 2025 and at least 30,000 businesses by 2030. The private economy's contribution will reach about 65% by 2025 and about 68% by 2030.

Quang Chau Industrial Park attracts many foreign invested enterprises.

Implementing the above goal, all levels and sectors of Bac Giang province shown dynamism, creativity and innovation in leadership and direction methods to ensure effectiveness and efficiency; strengthened coordination and proactively proposed and implemented mechanisms and policies to promote investment attraction and create favorable conditions for businesses’ development. All parties always listened to and promptly resolved the difficulties and problems for businesses.

Thanks to continuous improvement of the business investment environment, since 2017, the province's private economic sector has developed strongly in both quantity and quality.

Since 2017, more than 10,500 new companies have been established in Bac Giang province. In accumulation, there are more than 16,000 enterprises with a total registered capital of more than 178 trillion VND (7.6 billion USD), ranking first in the Northern midlands and mountainous regions and 14th nationwide in the number of enterprises.

The average enterprise growth rate in the period 2017-2023 reached 5.8% per year. It is forecast that from now until 2030, the number of enterprises will reach and exceed the set target.

The private economic sector's contribution to the province's economic growth is more and more important. In 2023, the budget revenue of businesses reached 4,900 billion VND, accounting for 28% of the total provincial budget revenue, 3.3 times higher than the figure in 2017. Through calculations, in 2023, the private economy contributed more than 63.5 % for growth. That was also one of the factors that has helped Bac Giang province's economic growth maintain at a high level in recent years.

Recently, the working group of the Central Economic Committee surveyed Bac Giang province to evaluate the implementation of central economic resolutions, including Resolution 10. The province was highly evaluated for the active implementation method and results.

In order to gain achievements in private economic development, firstly it is necessary to closely follow the instructions of superiors to concretize and organize implementation according to functions, tasks and authority. Then, high focus must be paid on promoting 3 growth drivers: industrial production, investment attraction and acceleration of disbursement of public investment capital in a drastic and methodical manner.

A special attention is paid to improving the investment environment and developing businesses, especially investment promotion activities. For recent years, Bac Giang has secured high ranking in the Provincial Competitiveness Index. In 2023, Bac Giang ranked 4th in the country in terms of PCI index.

Investment attraction continues to reap good result. Since the beginning of the year, the province has attracted more than 780 million USD, nearly reaching the target set for 2024. This further confirms that Bac Giang is an attractive address, the choice of many domestic and foreign investors.

Production line at Hana Micron Vina Company Limited in Van Trung Industrial Park.

Along with supporting businesses, Bac Giang also promptly detects and proposes policies to respond to practical arising issues, remove bottlenecks, focus resources on human resource training, infrastructure development and investment attraction.

To complete the goals set when implementing Resolution 10, the immediate growth rate set for 2024 of the province, Bac Giang focuses on many solutions.

Accordingly, the province continues focusing on promoting investment attraction, industrial development, stabilizing agriculture and luring projects as well as service activities.

Disbursement of public investment capital is considered "leverage", an important basis for growth. The local authority further accompanies businesses to restore production and improve labor productivity while opening up institutional groups and the legal environment, helping promote local economic development.

Truong Son