For prosperous Bac Ninh

Chairman of Bac Ninh Provincial People's Committee Vuong Quoc Tuan chairs a conference to meet with businesses and remove investment difficulties on October 13, 2024.

Over the years, Bac Ninh has consistently implemented the major policy of taking advantage of geography and infrastructure to develop industry. This policy has been carried out by successive generations of leaders and has given positive results.

Bac Ninh has many significant industrial parks, including Que Vo, Yen Phong, and, most notably, the leading green and modern industrial park VSIP, which has attracted a huge number of foreign investors.

In the first 9 months of 2024, the total amount of newly granted capital and registered for additional adjustments will reach about 4.5 billion USD, ranking first in the country; attracting domestic investment increased 2.9 times in the number of newly granted projects, increased 3.2 times in registered capital; the establishment of new enterprises increased by 12.6%. Up to now, Bac Ninh has made a strong breakthrough, becoming an industrial province in the direction of modernization with many economic and social indicators in the top of the country.

According to published statistics, in the period 1997-2022, Bac Ninh province's growth rate reached about 13%/year. In the first 9 months of 2024, Bac Ninh province's GRDP was estimated at 5.52%; the estimated GRDP for the whole year of 2024 increased by about 5-6.5% compared to 2023. Also in the first 9 months of 2024, Bac Ninh's state budget revenue was estimated at VND 24,354 billion, reaching 78% of the estimate, up 20.5% over the same period in 2023.

Bac Ninh city is increasingly developing strongly in terms of traffic infrastructure and construction to promote its role as the central urban area of ​​Bac Ninh province.

Bac Ninh province's breakthrough solutions over the years have included dramatically overhauling administration, enhancing the business environment, attracting international and domestic investment, and establishing a driving force for economic development. Bac Ninh is constantly devoted to providing the best conditions for investors in manufacturing and business activities. Bac Ninh has decided to attract investment using the policy of "2 little, 3 high, 4 ready".

On the other hand, Bac Ninh province has implemented many special preferential policies to attract and support FDI enterprises. These policies not only create favorable conditions for businesses during the process of investment and operation, but also help optimize profits and enhance competitiveness in the international market.

Currently, Bac Ninh province is one of the leading localities in the country in terms of digital transformation.