The northern province of Bac Giang continued to lead the nation in economic growth in the first quarter, with an estimated expansion of 14.18%, reported Vice Chairman of the provincial People’s Committee Mai Son.
At a conference to announce Bac Giang's socio-economic performance in Q1 (Photo: VGP)
Bac Giang (VNA) – The northern province of Bac Giang continued to lead the nation in economic growth i﷽n the first quarter, with an estimated expansion of 14.18%, reported Vice Chairman of the provincial People’s Committee Mai Son.
All production sectors showed robust growth, including agro-forestry-fisheries up 2.14%, industry-construction 18%, services 6.32% and product taxes 4.48%. The province now boasts 10 industrial parks with a total planned area of over 2,250ha. As of March 15, it had drawn nearly 624.26 million USD in registered investment capital. There were 310 newly-established enterprises, marking an 18% increase, with a registered capital of nearly 2.6 trillion VND (over 108 million USD). In March, its industrial production index went up 20.6% monthly and 16.7% annually, pushing up the three-month figure to 23.89%. The sustained production expansion and stable operation of several large enterprises, particularly since the latter part of the third quarter of 2023, were credited for this achievement. Looking toward the second quarter, Son outlined Bac Giang's plans to proactively attract foreign investment, particularly high-quality sources with advanced technologies. This will involve preparing the necessary infrastructure, developing a skilled workforce, and ensuring land availability. The province also aims to enhance the effectiveness of trade promotion activities, particularly for its key agricultural products such as lychee. To promote domestic brands, Bac Giang will host a "National Brand Week" in conjunction with the "Vietnamese Brand Day" on April 20 while upgrading agricultural production processes to meet VietGAP, GlobalGAP, and high organic standards, he added./.
The northern province of Bac Giang will continue to improve grassroots-level health care in the coming time, according to Director of the province’s Health Department Nguyen Thi Thu Huong.
Bac Giang is to promote high quality products under the One Commune One Product (OCOP) Programme, aiming to bring the number of OCOP products to 350, according to director of Bac Giang Rural Development Sub-Department Nguyen Van Luy.
The northern province of Bac Giang expects to have five more communes recognised as new-style rural areas, 11 more advanced new-style rural communes, and five new model new-style rural communes in 2024.
The northern province of Bac Giang is working hard to remove obstacles to the re-arrangement of district- and commune-level administrative units for the 2023-2025 period so as to accelerate the work, according to a local official.
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A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
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The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
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Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
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