Related news Investment policy in Belt road No.1 approved Bac Giang accelerates investment in Industrial Parks

Bac Giang's investment environment has been improved, attracting investors and enterprises (Photo: Van Trung Industrial Park).

Investment attraction does not merely mean luring investors' capital to the economy, but the especially important thing is to attract new and modern technologies, machinery and equipment to create high productivity, good management practices, excellent experts, advanced production processes, and good products with high competitiveness, thus creating a large market, generating jobs and increasing labourers’ incomes and State budget revenues. 

Over the past time, Bac Giang province has carried out flexible and synchronous measures to remove difficulties in production and business for enterprises, especially those regarding administrative procedures and access to capital and consumption market, while focusing on well-preparing conditions for production and business plans of enterprises.

The province has six industrial parks (IP) with a total area of over 1,300 hectares approved by the Prime Minister to be included in the country’s IP development planning by 2020. Among them, four industrial parks have been put into operation, namely Dinh Tram, Song Khe - Noi Hoang, Van Trung and Quang Chau, while Hoa Phu IP is in the process of investing in infrastructure and preparing to attract investment. The IPs are located along the National Road 1A, with favorable locations for the trade of goods.

In order to attract investment and support the development of enterprises in the locality, in the coming time, Bac Giang province will focus on compensation for site clearance for transport infrastructure projects such as the Bac Giang - Lang Son Expressway, the Belt Road 4, a road connecting the provincial road 293 to My An port, Binh Minh and Dong Son ports, and Hoa Phu industrial park infrastructure. 

At the same time, the province will attract investment in agriculture and tourism; create conditions for and encourage enterprises to pour cash into the locality; speed up the construction of infrastructure of industrial parks, and pay attention to assessing the environmental impact of enterprises.

The province will improve the quality of investment promotion and accelerate the progress of projects with good technology and high efficiency. Therefore, accompanying, sharing and solving difficulties for investors are very important for the smooth implementation of projects, thus gaining high efficiency.

This also aims to build businesses’ confidence. When investment is favorable, investors’ trust in authorities at all levels increases continuously, so that the investment attraction becomes more and more effective.

Removing difficulties for businesses, further improving the business and investment environment, and creating conditions for enterprises to set up and develop are among important objectives of Bac Giang province in the coming years.

In the coming time, the province will direct relevant agencies and sectors to actively make planning schemes on the development of industrial clusters to meet the investment demand of small and medium enterprises in the locality.

In order to improve the efficiency of investment promotion and attraction as well as facilitate the implementation of investment projects, the province has always created favourable conditions and encouraged enterprises and investors to accelerate the progress of projects, maintain the regular dialogue between leaders of the province, departments and agencies and investors, and promptly deal with difficulties and obstacles to ensure the effectiveness of investment projects.

With the available potential and strengths plus the efforts of the local authorities, Bac Giang will continue to affirm itself as an ideal destination for investors and businesses who want to start and expand their business in the province.

Minh Anh