Hanoi (VNA) - Enterprisesin industrial parks (IPs) of the northern province of Bac Ninh aim to generate 1.2quadrillion VND in industrial production value in 2020.

According to reports presented at a recent conference to review the operationof local IPs in 2019 and propose orientations for 2020, production and businessactivities of enterprises in Bac Ninh’s industrial parks maintained stability.

They exported 37.3 billion USD worth of products, and contributed 11.5 trillionVND (496.7 million USD) to the State budget, up 13 percent and 2 percentyear-on-year, respectively.

Total newly registered and additional investment capital to projects in industrialparks hit 1.39 billion USD.

During the year, the IP management board has accelerated administrative reform andIT application, thus facilitating operation of investors and enterprises.

In 2020, Bac Ninh’s industrial parks aim to attract between 90-95 projects withtotal capital of about 1.1 billion USD.

IP-based enterprises are hoped to generate an export value of 36 billion USD, contribute13 trillion VND (561.4 million USD) to the State budget, and create jobs for 4,000-5,000labourers.

Vice Chairman of the provincial People’s Committee Nguyen Tien Nhuong praisedthe IP management board for its achievements in 2019, which he said have significantlycontributed to the locality’s socio-economic development.

He asked the board to make stronger efforts in promoting administrative reformand improving the investment environment, thus making it easier for enterprisesin IPs to expand their operation.

At the meeting, participants stressed the need to develop modern IPs to attractlarge-scale and hi-tech enterprises.

Industrial parks in Bac Ninh have playedcrucial role in the locality’s economic growth, contributing to promoting the economic structure transform, while improving the province’s capacity inproduction and technology transfer, enhancing production efficiency andengaging deeper into the global production chain.

Established on August 25, 1998 under the Prime Minister’s Decision 152, the IPmanagement board of Bac Ninh has overcome various difficulties to complete allassigned tasks.

Particularly, strong performance in investmentmanagement and industrial park planning has helped Bac Ninh strongly thrivefrom a poor locality to one of the richest localities and a socio-economicdevelopment model with increasing role in the national economy.

Since 2000 when Bac Ninh launched its firstindustrial park of Tien Son, the province now has 16 concentrated industrialparks covering nearly 6,400 hectares.

Ten of them have been operational. The occupancy ratio of the parks has reached88 percent of cleared land, much higher than the national average ratio.

The IPs attracted investmentfrom 32 countries and territories.

Bac Ninh hasbeen considered as a magnet for foreign direct investment (FDI) attraction withthe rising pull of investment in recent years.
FDI hasmade significant contributions to the socio-economic development of thelocality, helping to increase its gross regional domestic product (GRDP) of thelocality.

The province is always one of the six leading localities nationwide in terms ofFDI attraction. This is an important foundation for the province to continue tobolster socio-economic growth, heading towards becoming a centrally-run city in2022.

Bac Ninh has alwayspaid great attention to luring multi-sectoral and multi-national economicgroups, according to the province’s leaders, who said that the presence ofthese groups has helped to form specualised industrial parks and clusters forthe support industry. After several years of operation, some investors havedecided to increase investment and expand production.

For the time to come, the province will focusits efforts on attracting investment to qualitative projects which can saveresources and energy, use high technology, be environment friendly and yieldhigh income.-VNA