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

Index of industrial production (IIP) increased by 11.75%

The production and business activities of the industrial park enterprises are at stable level and have good growth rate, continuing to make important contributions to the socio-economic development of the province. In the first 9 months of this year, in industrial parks, 25 new projects officially put into production and business, bringing the total number of operating enterprises to 1,175 projects (exceeding the 2022 target and plan). With the impact of supportive policies, an increase of export value due to free trade agreements, along with flexible measures in the direction and control of covid-19 epidemic prevention, the opening of economic sectors, the rapid recovery of enterprises, etc., so industrial production in industrial parks increased over the same period.

Specifically, industrial production value reached 1,066,541 billion dong, up 17% over the same period and reaching 82% of the plan; the trade balance shifted to an export surplus of over 5.7 billion USD, of which the export value reached 31,233 billion USD, up 14%, reaching 84% of the year plan; import value reached 25,518 billion USD, increased by 30% and achieved 100% of the plan; contributing to the budget 10,366 billion dong, up 28%, reaching 83% of the year plan…. It contributes to the increase of the province's index of industrial production (IIP), up 11.75% over the same period.
With the above results, in addition to the supporting role of policies, the promotion of post-investment management, the Bac Ninh Industrial Zones Authority has conducted many activities to review and support businesses through inspection and examination. Service operations are strenuous in a highly competitive environment with many suppliers. In particular, investment promotion activities have had many innovations, attracting large investment capital, especially foreign investment capital.

Total investment capital of newly granted and adjusted secondary projects in Bac Ninh industrial parks in 9 months reached 1,060.58 million USD, of which 938.32 million USD was FDI capital and 122.26 million USD was domestic capital. Compared with the 2022 plan, the number of newly registered projects reached 53.3% (56/105 projects), but the newly registered and adjusted investment capital reached 92.2% (1,060.58/1,150 million USD). With this newly attracted capital, it further affirms that the processing and manufacturing industry continues to play a driving role in industry and economic growth of the province.

Strengthen the implementation of solutions to stabilize production

According to economic experts, with a positive recovery momentum and stable macroeconomic situation, Vietnam in general and Bac Ninh in particular - locality has the convergence of many global brands - are standing in front of opportunity of welcoming a new "wave" of investment in the field of industrial production, especially in industries with high added value.

To take advantage of opportunities, solutions for the last three months of the year are offered by Bac Ninh, including: to attract and develop high-tech industries; to speed up the investment progress of site clearance; to complete infrastructure and deploy industrial zones to continue to attract investment and develop model of modern distribution; to strengthen effective linkages between domestic enterprises and foreign-invested enterprises; to promote administrative reform, improve and create a favorable business and investment environment, focus on supporting enterprises to recover quickly and strongly and increase output capacity, ensuring safety for epidemic prevention and control; to harmoniously combine economic efficiency with social responsibility and protection of natural resources and environment.

Although there are many positive factors, in the coming time, industrial production activities will still face difficulties and challenges from the impact of the international and domestic context. Supply chain disruptions are expected to continue, reducing the recovery of economic, investment and trade activities after covid-19. The increase in USD has a negative impact on imports, as our country now imports many production materials to serve export; Prices of many goods and services, although reduced, but are still high; Exporting businesses face many difficulties, some industries are facing the risk of reduced orders due to cumbersome administrative procedures, slow VAT refund affecting capital turnover, labor competition between industries will become more intense…

In the coming time, all levels, branches and localities in the province need to closely monitor the situation in the world to have appropriate response solutions. Continue to focus on solving difficulties for enterprises, closely monitor large projects and industries to grasp the situation and handle and remove difficulties to boost production, especially input materials and fuels; control imports and proactively supply domestic substitutes for imported sources. Maximize the mobilization of resources, closely monitor the situation and have a plan to prepare in case to ensure sufficient supply of electricity, coal, gasoline, etc. for production and daily life. Continue to implement solutions to stabilize production, ensure the balance between supply and demand of basic and essential goods such as gasoline, electricity, coal, etc.

Source: baobacninh.com.vn