At the Conference to review the construction of the whole people movement for national security protection in 2022 and deploy the work tasks in 2023

By the end of the first quarter of 2023, the whole province attracted 1,867 valid foreign direct investment (FDI) projects with a total capital of more than USD23.91 billion. That result has put Bac Ninh firmly in the Top 10 nationwide in attracting foreign investment. With the criterion of “2 less, 3 high, 5 ready”, in the period 2020-2022, the epidemic developed complicatedly, negatively affected all domestic and global economic activities, the FDI capital flows attracted by Bac Ninh still reached more than USD2 billion, far exceeding the set target.

Bac Ninh province has always paid attention to and focused on developing the supporting industry in the direction of modernity, high technology and environmental friendliness, considered this a direct driving force to create added value for the industry, help to increase competitiveness of main industrial products and accelerate the process of industrialization and modernization.

Facing difficulties caused by the fluctuation situation of the world economy, high inflation in many major economies and the increase in trade protection of the importing countries, creating a driving force for the growth of the economy of Vietnam and Bac Ninh province - a major industrial production center of the country has had a change.

With the advantage of strategic position, low production costs, dynamic human resources, open investment policy, especially becoming an important global production base of a series of leading electronic corporations in the world, Bac Ninh is attracting more and more attention from foreign investors. In the early Spring days of the Year of the Cat, Bac Ninh province has received a lot of good news about the investment attraction, which is reflected in many promotion, negotiation, exchange and signing activities between the provincial leaders, infrastructure companies and the corporations for building production plants in Bac Ninh industrial zones.

The end of the year with many big holidays, especially the Lunar New Year, is also the most vibrant business time for businesses in the service and commerce industry. Recruitment demand therefore increased, especially in supermarkets and banks.

The Tet bonus in 2023, popularly forecasted by experts, is still one month's salary, hardly any changes compared to other years. For difficult businesses, getting a Tet bonus will be a great effort…

Nearly 60% of workers do not have any savings, so if they lose their jobs, they can hardly hold on, even if "last week, they lost their jobs, the next week they couldn't stand it", according to the survey of Vietnam General Confederation of Labor...

In order for Bac Ninh to continue to be an attractive destination for investors, in the coming time, the province will attract in-depth foreign investment associated with sustainable development goals; give priority to quality projects with increased scientific content and large investment rates; especially satellite projects in the complete product production value chain, projects of electronics, precision mechanics, high-tech industry; products with high added value and competitiveness, environmental friendliness; increas the proportion of localized value in products.

Minister of Foreign Affairs Bui Thanh Son has just given an interview to the press about the results of the State visit to the Republic of Korea (from December 4-6) of President Nguyen Xuan Phuc...

At the tenth meeting of the Provincial People's Council, on behalf of the Provincial People's Committee, Standing Vice Chairman of the Provincial People's Committee Vuong Quoc Tuan presented a summary report on the socio-economic situation and the executive work of the Provincial People's Committee in 2022, the plan socio-economic development in 2023.

Bac Ninh currently has 166 state administrative agencies and units applying the Quality Management System (QMS) according to ISO 9001:2015, reaching the rate of 100%. The standardization of operating procedures according to ISO at these agencies is making a significant contribution in the process of building a scientific administration and building a constructive government to serve the people.

Along with many activities of opening up and adapting in economic development, activities of investment attraction and promotion have been promoted by Bac Ninh in the direction of adapting to the new situation.

Tet is near, but for many workers, instead of waiting for Tet’s high or low bonuses like many years ago, they now just want to have a job and work overtime to earn their normal income.

From to be the trend pursued by multinational corporations, the circular economy gradually has a chance to succeed in small domestic enterprises.

Despite being influenced by the world situation with more intense strategic competition among major countries. In the domestic market, inflation pressure is high, the price of petrol and raw materials fluctuates sharply, greatly affecting many industries and fields... but Bac Ninh's industrial production in 2022 reached the finish line early, exceeded the set plan and continued to affirm to be the driving force of economic growth.

The development viewpoint to become the leading complete electronic production center in Vietnam, with many synchronous and flexible solutions, Bac Ninh focuses on the high-value segments such as smart phones, electronic devices, electronic components integrating the value chain. With the presence of 3 factories of Samsung Group (SEV, SDV, SDIV), the total investment of nearly USD 10 billion was invested in Yen Phong Industrial Park, from 2018 Bac Ninh has risen to the position No. 1 in the industrial production scale in the whole country, and at the same time become the largest electronic industrial production center in the Southeast Asia.

Since the beginning of the year, the domestic and provincial economies have recovered quickly thanks to the easing of restrictive measures to prevent and control the Covid-19 pandemic. Supportive policies promote great effectiveness in removing difficulties and obstacles of enterprises, creating maximum conditions for industrial parks to produce and do business in the direction of safe and flexible adaptation, both preventing - controlling epidemic and recovering - developing economy. The processing and manufacturing industry continues to play a major role in import and export activities due to the high increase in foreign direct investment capital in this field… These factors have been strongly promoted, creating motivation for economic growth in the last months of the year

In 1998, Bac Ninh Industrial Zones Authority was established; In 2000, Tien Son Industrial Park - the first one of Bac Ninh province was started construction. After 24 years of construction and development, up to now, Bac Ninh has been approved by the Prime Minister with 16 industrial parks with a total area of more than 6,300 hectares and 24 infrastructure projects. Currently, 10 industrial zones have been put into operation; 1,760 domestic and foreign investment projects have been granted investment registration certificates with a total registered investment capital of more than 23 billion USD, of which nearly 1,200 projects are under operation. For many years, the Bac Ninh Industrial Zones has always been in the top of the Management Boards in the country in terms of investment attraction results as well as the value created from the operation of industrial parks. Up to now, the industrial zones are growing stronger and stronger. The organizational structure of the Bac Ninh Industrial Zones has also fought matured and completed. The IZA always strives to successfully complete assigned political tasks, making an important contribution to the economic restructuring of the province in the direction of increasing the proportion of industry and services, reducing the proportion of agriculture, strives to become a city directly under the Central Government.