Vietnamese women’s karate team wins gold in Asia More than 1,160 enterprises withdrew from the market or temporarily suspended business, an increase of 8.4% against last year’s figure. The numbers are expected to hit 12.6 trillion VND by 2030, and 52.7%.Īlso in the period from January to July, 1,217 new enterprises were established in the province with total registered capital of 18.4 trillion VND, up 31.4% year-on-year in number but down 15.8% in capital. Meanwhile, budget collection from projects is projected to increase 17% each year to reach 5.75 trillion VND by 2025, accounting for 38.3% of the province’s total budget collection. The total disbursed investment is set at 246 trillion VND during the 2021-2025 period, and 613 trillion VND for 2026-2030. It expects to raise investment projects’ contributions to its gross regional domestic product (GRDP) to 60-62% by 2025, and 66-68% by 2030. The linkage between foreign investors, foreign-invested enterprises and domestic enterprises will be encouraged to develop clusters in line with each value chain.įrom now to 2025, Bac Giang aims to lure investment in industrial development, towards improving productivity, quality and efficiency, and reducing the use of natural resources and energy. Priority will also be given to those use energy efficiently and use renewable energy. The province follows a consistent investment attraction policy of prioritising high-tech, large-scale projects and those that produce competitive products, join the global value chain and significantly contribute to the state budget and social welfare.Ī production line at JA Solar Vietnam Co.Ltd in Quang Chau Industrial Park in Viet Yen district, Bac Giang province. The provincial People's Committee has held meetings with foreign delegations who came to explore opportunities in the province, and engaged in online meetings with investors from Japan, Hungary and Turkey, and provided information for the Vietnamese Embassy in India, Vietnamese diplomatic representative agencies in the US and the Singaporean Embassy in Vietnam. Information on the province's investment is provided through various channels, such as the English, Chinese, and Korean pages on the province's electronic portal, the Japan Desk and Korea Desk investment support teams, and the bilingual "Economic Diplomacy" section in Vietnamese and English on the provincial Department of External Affairs' website. In 2022, Bac Giang was the first province in the country to have its development master plan for the 2021-2030 period with a vision until 2050 approved by the Prime Minister. Notably, Bac Giang has issued a project on improving the efficiency of investment attraction in the locality until 2030. The above-mentioned results are attributed to the province's efforts to promote investment in many markets while focusing on upgrading the infrastructure of industrial parks and traffic. The province ranked second among provinces and cities nationwide in terms of FDI attraction in the first half of the year, after only the capital city of Hanoi. In addition, 13 domestic and 22 FDI projects increased their capital by 1.33 trillion VND and 206.9 million USD, respectively. Of the investment, there were 13 new domestic projects worth over 2 trillion VND (over 84.4 million USD) and 47 FDI projects valued at nearly 1.2 billion USD. " Vietnam to be among fastest growing economies in Asia in 2023: IMF.A corner of Bac Giang city centre (Photo: ) McFarland, Incorporated, Publishers, 2008 " World Monetary Units: An Historical Dictionary, Country by Country," Pages 171-172. " Vietnam Rejoins Club of 6%-GDP-Growth Nations as Exports Surge." " 1 USD to VND - Convert US Dollars to Vietnamese Dongs."īloomberg. " Treasury Reporting Rates of Exchange," Custom Date "Jan. " Treasury Reporting Rates of Exchange."įiscal Data, U.S. " Vietnam Inflation Rate Chart," Select "Max."įiscal Data, U.S. " Macroeconomic and Foreign Exchange Policies of Major Trading Partners of the United States: May 2019,". " History and Development of the Central Bank."
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