Positive results

First of all, the agro-forestry-fishery sector posted a stable growth rate, at 2.7 percent and continued to be the backbone of the economy. It was estimated that the yields of the main crops were equal to or slightly higher than the same period last year. The lychee production is favorable.

New Wing Interconnect Technology Co., Ltd (Van Trung Industrial Park) restores production, making a great contribution to the provincial budget.

The service sector maintained a growth rate higher than the national average, reaching 7.8 percent. Although in the first months of the year, the province faced many difficulties due to the strong Covid-19 outbreak, the sector quickly recovered when the epidemic was controlled, people's lives and production and business activities returned to normal.

In particular, a number of service industries recovered quickly and enjoyed good growth compared to the same period last year such as transportation and warehousing up 20.6 percent; wholesale and retail, repair of automobiles and motorbikes 14.2 percent.

Imprints of industry - construction

The biggest driving force contributing to the province's growth in the first 6 months of the year came from the industry - construction sector with a growth rate of 35.5 percent, of which industry increased by 37.4 percent and construction 20.1 percent. Flexible adaptation policies and activities to support production and business recovery implemented by the province from 2021 have helped businesses maintain and expand their operations.

Besides the spectacular GRDP growth rate, a number of other socio-economic indicators also achieved high results, adding bright spots to Bac Giang’s economic panorama. Investment attraction reached 585 million USD, with FDI attraction in the top 10 nationwide.

The number of newly established enterprises reached 800, an increase of 17 percent year on year, and 280 businesses resumed operations. Domestic tax revenue hit 8,346 billion VND (359 million USD), up 24.2 percent. Total import-export turnover reached 18.6 billion USD, rising 40.2 percent. Bac Giang is the first province in the country to have the provincial planning for the 2021-2030 period, with a vision to 2050 approved by the Prime Minister.

To achieve the above results, the province built a development foundation many years ago and consistently followed the set orientations and goals. Amid the complicated development of the Covid-19 epidemic, the provincial Party Committee, People's Council and People's Committee have closely followed the situation and issued many solutions at the right time and in line with reality, focusing on removing bottlenecks and creating favorable conditions for development.

In order to continue promoting the achieved results, in the last months of the year, the province will continue to closely follow and effectively implement the resolutions of the Government, the provincial Party Committee and the provincial People's Council as well as the plans of the provincial People's Committee on socio-economic development tasks for 2022.

It will focus on implementing the provincial planning for the 2021-2030 period, with a vision to 2050; accelerating budget collection and investing in essential infrastructure, especially transport and industrial infrastructure and urban framework infrastructure. The province will continue to improve its business environment and improve the efficiency of investment attraction and business development support activities.

The provincial planning for the 2021-2030 period, with a vision to 2050 was approved by the Prime Minister. This is a premise to attract investment, helping the province develop quickly and sustainably in industry, urban areas, services and agriculture. Along with strong decisions and creative ways, a new era opens with a bright future. It is expected that Bac Giang will continue to maintain the leading GRDP growth momentum in the country, gradually becoming a growth pole in the Northeast of the country.

Nguyen Cuong, Deputy Director 

of the provincial Department of Planning and Investment

Provincial Chairman Le Anh Duong meets with Singapore Business Federation

(BGO)- On May 24, Amy Wee, Country Head (Vietnam) of Singapore Business Federation (SBF) and other delegates paid a working visit to Bac Giang province to discuss the plan to cooperate and seek investment opportunities in Bac Giang province. Chairman of the provincial People’s Committee Le Anh Duong received the delegation.

Seminar connects Vietnamese, US agricultural businesses

Vietnamese Minister of Agriculture and Rural Development Le Minh Hoan and Marc Mealy, Senior Vice President for Policy at the US-ASEAN Business Council (USABC), co-chaired a seminar connecting agricultural enterprises of Vietnam and the US on May 13 in Washington D.C.

Bac Giang provincial leader attends “Dialogue for Vietnam - U.S Agri Businesses

(BGO) – On the sidelines of Prime Minister Pham Minh Chinh’s trip to the US, Vice Chairman of the People’s Committee in Bac Giang province (PPC) Phan The Tuan attended seminar themed “Dialogue for Vietnam - U.S Agri Businesses” on May 13 (local time) in Washington D.C.

PM Pham Minh Chinh meets US business community

Cooperation activities between Vietnam and the US continue to develop deeply in all fields, particularly in investment and finance, with businesses of the two countries playing a very important role, said Prime Minister Pham Minh Chinh.

E-invoice applied at more than 3,600 businesses and economic organizations in Bac Giang

(BGO) - Under the direction of the Government and Ministry of Finance on applying electronic invoice (e-invoice) for enterprises, economic organizations, household businesses and individuals in 57 centrally-run provinces and cities, since April, the taxation department of Bac Giang province has highly focused on training, communicating and instructing tax payers to change from paper invoice to e-invoice as Circular No 78/2021 of the Ministry of Finance.