Bac Ninh is increasingly attractive to investors
14:54 19/12/2019
Not only an "FDI capital", Bac Ninh is increasingly a destination for domestic investors because of its favorable trade location, positive public administration reform, and increasingly improved infrastructure.

Attractive index positive investment

In the first 6 months of 2019, Bac Ninh collected state budget estimated at VND 15,188 billion, reaching 55% of the yearly estimate, up 5% over the same period. Foreign investment attraction ranked 3rd in the country, in the first 6 months of the year, new attraction and adjustments increased by more than US $ 1 billion, up 62% over the same period. Attracting domestic investment reached over 5,510 billion Dong, establishing 1,086 new businesses with a registered capital of 12,040 billion Dong.

Accumulated to the end of June 2019, Bac Ninh has attracted more than 1,000 FDI projects from 34 countries and territories with a total investment capital of nearly US $ 17 billion (ranked sixth in the country in terms of FDI attraction).

These figures show a "bright" picture of Bac Ninh's investment attraction potential. In fact, this province is not only a "capital of FDI" but also an attractive destination for many "big" domestic investment.

The investment attraction of Bac Ninh is firstly mentioned as a favorable geopolitical position. This is a province in the northern key economic region, only 30km from the center of the capital, an important focal point between Hanoi and the northern provinces, located on the Vietnam - China economic corridor and in the rising triangle. Chief of Hanoi - Hai Phong - Quang Ninh. With this position, Bac Ninh has many favorable conditions to develop in many aspects from tourism to industry ...

Bac Ninh also has the strength of a synchronous and smooth transportation system with many major axes running through including: NH1A, NH1B new, NH18, QL38, highway to Noi Bai International Airport, road going to Cai Lan - Quang Ninh deep-water port, the trans-Vietnam railway to China, ... help Bac Ninh easily connect with the northern economic, cultural, political and commercial centers.

The next factor is the open investment environment with many attractive policies for investors in Bac Ninh. Including policies to support businesses through infrastructure inside and outside the fence of the Industrial Park; research, technology transfer and construction of high quality technology models; Clearance compensation (clean land allocation) for businesses investing in some agricultural and rural areas, etc. Bac Ninh is also a province actively establishing a business support group, directly dealing with immediately difficult, entangled when there is reflection.

Bac Ninh also creates conditions for linking and cooperating with vocational training with vocational schools and centers and prioritizes recruiting trained workers at universities, colleges and vocational schools in the province.

Another equally important factor is that Bac Ninh is currently applying and widely deploying the model of public administrative center, effectively assisting in reducing the procedures for obtaining investment licenses and establishing businesses. ...

 Constantly improving to continue being a "magnet" to attract investment

At the end of June 2019, Bac Ninh People's Committee held a seminar "Bac Ninh: Improving business environment - New motivation in attracting investment and developing businesses".

Information at the seminar showed that Bac Ninh has attracted a lot of foreign investment capital (FDI), created a driving force for development, increased the market size for small and medium-sized enterprises, and created a development trend. new urban economy.

However, at the workshop, Bac Ninh recognized the fact that more attention should be paid to the expectations of businesses when investing in the province such as reducing the burden of unofficial costs; access to land should be more convenient; promote administrative reform and information transparency; focus on further improving the quality of business support services; proactively capture and remove difficulties that businesses are facing; create conditions for businesses, especially small and medium-sized enterprises, to access business resources.

To continue to be a "magnet" to attract investment, especially FDI inflows, Mr. Nguyen Tu Quynh, Chairman of Bac Ninh People's Committee emphasized the construction of specific plans to improve component indexes, contributing to improve the PCI of the province in 2019, creating a premise to strive to make Bac Ninh province a city directly under the Central Government by 2022.

Chairman of Bac Ninh Provincial People's Committee also paid special attention to synchronous implementation of solutions to effectively handle and prevent harassment and troubles in solving work; strictly comply with regulations on reception of citizens, receiving feedbacks, petitions, complaints and denunciations of people strictly according to regulations; uphold responsibility for setting examples, exemplify the implementation and enhance responsibility in directing, administering, inspecting and inspecting the performance of tasks, public duties, discipline and administrative discipline within the scope of house management country of delivery.

In addition, the units improve the quality and management of state agencies, aiming at the satisfaction of the people and businesses; modernizing management tools, operating according to the overall architecture of e-government, building smart cities, improving staff capacity, attracting investment resources; actively solve difficulties and problems of enterprises after dialogues with enterprises and small and medium-sized business associations, ensuring thorough settlement of problems, implementing office culture in dealing with businesses and employees. people./.

Translated by Nguyen Mai Huong Chief of Office, Bacninh IZA
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