Destination of investors

According to the Department of Planning and Investment, the RoK currently ranks first in the number of investment projects in the province with more than 320 projects and second in terms of total registered capital with nearly 1.4 billion USD.

A production line of Daeyang Hanoi Co., Ltd., a Korean enterprise, in the Dong Dinh industrial cluster (Tan Yen district).

Korean enterprises account for about 25 percent of the total industrial production value of the province's FDI sector; actively contribute to the province's socio-economic development, especially in economic structure transfer, increasing labor productivity, modern technology and management experience. The number of workers working in RoK enterprises make up more than 23 percent of the total number of employees in the FDI sector.

Hoshiden Vietnam Co., Ltd., in the Quang Chau Industrial Park (IP), specializing in production of electronic components, was heavily affected by the Covid-19 epidemic, but with the support of authorities at all levels in Bac Giang province and the dynamism of its leaders, the company has recovered quickly. It has constantly expanded scale, creating jobs for more than 11,500 workers. In 2021 alone, the company paid more than 92 billion VND (4 million USD) to the state budget, an increase of 10 billion VND (437,400 USD) compared to the previous year.

A production line at APS Vina Co., Ltd, in the Song Khe - Noi Hoang Industrial Park.

Seojin Vietnam Co., Ltd (Song Khe - Noi Hoang Industrial Park) has only been in operation for more than 2 years, but has made a great contribution to the state budget. In 2021, it posted an industrial production value of more than 3 trillion VND (131.2 million USD), a 10-fold increase compared to 2020, and contributed more than 80 billion VND (3.5 million USD) to the state budget.

In addition to local labourers, more than 1,200 Korean workers have formed an important resource for the province, helping the local businesspeople to exchange and access modern technology, professional and effective management style.

Accompanying support businesses

With the desire to support businesses to grow, at the beginning of 2022, Le Anh Duong, Chairman of the provincial People's Committee, chaired an online meeting to listen to the opinions of businesses, through which Bac Giang delivered the message "The province creates all the best conditions for enterprises to do business smoothly" to the business community.

At the same time, the province prioritizes removing institutional difficulties for enterprises. Any regulations that are inappropriate or outdated will be corrected as quickly as possible. The province continues to maintain a hotline of the Chairman of the provincial People's Committee to receive businesses' petitions and strictly handle officials who cause troubles for enterprises. It vows to not let enterprises face difficulties due to subjective factors.

The Vietnam-Korea Industrial Park's infrastructure is being built to attract investment for industrial development.

In terms of service infrastructure, the province develops an energy development plan and allocates resources to invest in transport works such as Nhu Nguyet Bridge, Ha Bac 2 Bridge, Hoa Son Bridge and many other projects.

In particular, the province has cooperated with Hai Duong and Quang Ninh provinces to build a coastal road to help businesses transport goods to Hai Phong port in the shortest time. Bac Giang is also speeding up investment in industrial park infrastructure, improve the quality of human resources training, and build housing for workers.

With the view of building a government to serve and support development, Bac Giang continues to direct departments, agencies, and People's Committees of districts and city to regularly listen to enterprises' recommendations; give advice to higher-level agencies on measures to immediately solve specific problems.

It also proactively proposes solutions to promote administrative reform and improve the investment environment, develops socio-economic infrastructure, increases support and creates the most favorable conditions for foreign investors in general and Korean ones in particular to invest in Bac Giang province.

Bac Giang shares experiences in investment attraction and building provincial master plan

(BGO) - The working delegation of Hau Giang province on March 19 headed by Nghiem Xuan Thanh, member of the Central Party Committee, Secretary of the provincial Party Committee paid a working visit to Bac Giang province on investment promotion and attraction and building the provincial master plan.

Provincial leader urges speeding up progress, decentralization in infrastructure construction investment

(BGO) - On March 9, the People's Committee of Bac Giang province held a 2-level teleconference reviewing infrastructure construction work in 2021 and set out solutions and tasks for this year. Le Anh Duong, Chairman of the People's Committee, presided over the event.

Electronics producer adds over 305 million USD in investment to Bac Ninh facility

The northern province of Bac Ninh on March 3 officially licensed electronics manufacturer Goertek Vina a to raise its investment in its facility at Que Vo Industrial Park to 565.7 million USD from 260 million USD.

Vietnam’s public investment disbursement up 10.4% in first two months

Vietnam’s total public investment disbursement over the first two months of 2022 was estimated at 46.3 trillion (2 billion USD), up 10.4% over the same period last year, according to the General Statistics Office (GSO).

Bac Giang provincial leader hands over MoU and Investment Certificate to Singaporean investors totally worth nearly 3.6 billion USD

(BGO) – Continuing the programme within the State-level visit of President Nguyen Xuan Phuc to Singapore, on February 25 afternoon, Chairman of Bac Giang provincial People’s Committee (PPC) Le Anh Duong attended Vietnam – Singapore Business Dialogue.