Speaking at the meeting, PPC Chairman Le Anh Duong expressed his pleasure to welcome the guest and briefed them on the province's natural conditions and socio-economic development situation.

Bac Giang has a favorable location in the Hanoi capital region and is located on the economic corridor of Nanning (China) - Lang Son - Hanoi - Hai Phong - Quang Ninh. The province is home to nearly 2 million people, about 1.2 million of whom are in the working age (ranked 9th in the country) while the rate of trained workers in 2023 reached 76%.

The province's business investment environment has been improved strongly. The provincial competitiveness index (PCI) in 2023 ranked 4th in the country. These are favorable conditions for Bac Giang to lure investment capital, especially foreign direct investment (FDI).

Recently, the northern province has continuously made breakthroughs to gain comprehensive development in all fields with impressive results so it has attracted many large investors.

The annual economic growth rate of Bac Giang is always among the leading localities in Vietnam. Particularly, the province has been listed in top 10 provinces and cities in the country in term of FDI attraction for consecutive years.

Besides, local authority has paid special attention to attracting investment, including investors from China. Currently, Chinese investors rank first in terms of registered investment capital in Bac Giang province with more than 6 billion USD, accounting for about 30% of the total industrial production value of the FDI sector in the province; 35% of export and import value; creating jobs for about 200,000 workers.

The PPC Chairman hailed the Group's policy to expand the production and committed to creating the best conditions for the Group to invest in Bac Giang.

He emphasized that policies to attract investment in Vietnam among provinces and cities are the same, but Bac Giang attracts more large investors thanks to a number of advantages such as: Natural conditions and infrastructure, few natural disasters, convenient transportation connecting with airports, border gates and seaports; large and skilled workforce among others.

Meanwhile, all difficulties and problems of investors are directed and resolved by the PPC Chairman. Regarding the issues fall within the jurisdiction of the central level, Bac Giang will support and work with businesses to resolve them.

The provincial leader also informed that Vietnam Electricity Group puts Bac Giang on the list of key areas with priority for electricity supply. Along with ensuring infrastructure for production and business activities, Bac Giang promotes reform of administrative procedures, especially customs and tax procedures.

The local production and business environment is increasingly improving, which creates a favorable condition for enterprises to invest in the locality. When pouring capital in the province, the PPC Chairman will establish a special working team to support the Group with procedures from investment preparation to completion and production.

Speaking at the conference, COO Xiang Hai Biao thanked the province for the warm welcome. After nearly 30 years of establishment and development, up to now, some of the company's products such as: phone batteries, computers... are top in the world.

The enterprise ranks 37th out of 500 global enterprises in term of new energy. Although he has not worked in Bac Giang much, he can feel the professionalism and friendliness of the local government as well as hardworking labour.

Therefore, after researching many places, the Group decided to choose Bac Giang to expand its investment scale. As schedule, the Group will invest in a 300 million USD project in Yen Lu Industrial Park that may attract about 5,000 local workers and earn revenue of about 1 billion USD per year. Based on the development of manufacturing enterprises in Vietnam, the Group will have investment directions in the next stages.

On this occasion, Sunwoda Group and Capella Real Estate Joint Stock Company (infrastructure investor of Yen Lu Industrial Park) signed an Investment Principle Contract in Yen Lu Industrial Park.

Truong Son

 

 

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