Bac Ninh: Industrial production value rises by 17%

Thursday, 06/10/2022 15:10
(CPV) – Industrial zones (IZs) in Bac Ninh had 25 new projects put into operation in the first 9 months of 2022, bringing the total number of onging projects to 1,175, exceeding the year’s target, according to the provincial IZs Management Board.
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Production of carton packaging at YUTO Vietnam Packaging Printing Co., Ltd., in the Que Vo industrial zone. (Photo: nhandan.com.vn)

Specifically, industrial production value reached 1,066,541 billion VND, up 17% over the same period last year and reaching 82% of the year’s plan.

The trade balance shifted to a trade surplus of more than 5.7 billion USD, of which export value reached 31.233 billion USD, up 14%, reaching 84% of the year plan. Imports were valued at 25.518 billion USD, up 30% and fufilled 100% of the year’s plan.

The province’s index of industrial production (IIP) rose by 11.75% compared to the same period last year.

Ms. Le Thi Thu Huyen, Deputy Head of the Bac Ninh IZs Management Board, said that together with the supporting role of policies and promoted post-investment management, the Management Board has carried out many activities to review and support enterprises through inspection and examination, especially investment promotion activities with many innovations, attracting significant foreign investment capital.

In the first 9 months, the total newly granted and adjusted investment capital of secondary projects in IZs in Bac Ninh reached about 1,100 million USD, including 938.32 million USD of FDI capital and 122.26 million USD of domestic capital.

Compared with the 2022 plan, the number of newly-registered projects reached 53.3% (56 out of 105 projects), but the newly registered and adjusted investment capital reached 92.2%.

Aiming to take advantage of the new wave of investment in industrial production, especially in industries with high added value, in the coming time, Bac Ninh will continue to attract and develop hi-tech industrial sectors.

At the same time, the province will accelerate investment in site clearance, complete infrastructure and deploy industrial parks to continue attracting investment in developing modern distribution; and strengthen effective linkages between domestic enterprises and foreign-invested enterprises./.

BTA

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