Nearly 100 percent of business registration profile were done via online public service at National Public Service Portal for Business Registration, helping Bac Giang rank second nationwide in the number of online business registration.

Workers at Sungwoo Vina Company Limited.

The province attracted total investment of over 16 trillion VND (685.4 million USD), up 10 percent over last year figure.

Some newly established enterprises with high registered capital included Van Huacheng Vietnam Company Limited in Hoang Mai Industrial Cluster in Viet Yen district (400 billion VND), Fuhai Technology Company Limited in Hoa Phu industrial park in Hiep Hoa district (nearly 320 billion VND) among others.

To gain these above result, the Department of Planning and Investment has accelerated to handle administrative procedure via online public service, follow “5-on-the-spot” principle to handle the business registration procedure …since early this year.

The province strives to newly establish 1,500 businesses, branches and representative offices in 2023.

Businesses need further government assistance amid economic challenges

Analysts say that businesses need better access to low-interest loans in order to survive Vietnam’s ongoing economic challenges.

Government urged to apply more remedies to support businesses

The National Assembly has asked the government to use more remedies to assist production and business activities, which are facing major challenges including a decrease in demand for exports.

Vietnam shows significant improvement in business environment: EIU

Vietnam jumped 12 places in the Economist Intelligence Unit (EIU)’s latest business environment rankings which measure the attractiveness of doing business in 82 countries with 91 crucial indicators.

FDI business: Industrial production locomotive

(BGO) – Bac Giang province now has 8 industrial parks (IP) which have attracted 453 projects, including 350 foreign direct investment (FDI) projects with total registered capital of over 8.2 billion USD. Amid many difficulties, the FDI enterprises in the IP maintain stable production and business activities, ensure good policies and rights for labours. 

Efforts to improve investment and business environment

The Provincial Competitiveness Index (PCI) 2022 is the recognition of the business community on the innovation and creativity efforts of local authorities over the past year. While Bac Giang, a province in the northern midland region, made great progress, ranking second, Hanoi and Ho Chi Minh City downgraded compared to the results in 2021. This reflects fierce competition in development, forcing localities to thoroughly grasp their strengths and weaknesses to make changes to avoid lagging.