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Bac Giang’s greater efforts to better business climate

The northern province of Bac Giang will further its efforts to boost the local business environment by accelerating administrative reform and improving competitive capacity, said Chairman of the provincial People’s Committee Nguyen Van Linh.
Bac Giang’s greater efforts to better business climate ảnh 1The northern province of Bac Giang will further its efforts to boost the local business environment.
(Photo: baobacgiang.com.vn)

Bac Giang (VNA) – The northern province of Bac Giang will further itsefforts to boost the local business environment by accelerating administrativereform and improving competitive capacity, said Chairman of the provincialPeople’s Committee Nguyen Van Linh.

He said the goal is to enhance the province’s competitive capacity so it canenter the top 15 of the Provincial Competitiveness Index (PCI) by 2020.

To facilitate local business, the province will hold regular meetings withenterprises to tackle their issues.

The People’s Committees at district and city levels should prioritise landclearance to carry out important projects like Bac Giang-Lang Son expressway, Hanoi’sfourth ring road running through Bac Giang province and a road connectingprovincial Road No 293 and My An port.

Together with land clearance at Hoa Phu industrial park, the province has urgedinfrastructure developers at industrial zones to hasten the construction oftechnical infrastructure, particularly waste treatment systems.

It will also work with FLC Group to study, survey and establish industrialparks in Yen Son and Bac Lung communes in Luc Nam district.

Procedures required for local authority’s approval of Build-Transfer (BT)projects will be devised while key investment projects such as the inpatienttreatment facility and medical gas pipeline system at Bac Giang GeneralHospital, a provincial gymnasium and the upgrade of Dong Son bridge and itsapproaching roads will be hastened.

From January 1-May 10, the province approved 51 domestic investment projectswith total registered capital of more than 695 billion VND (30.58 million USD),including 27 foreign direct investment (FDI) projects valued at 84 million USD.Compared to the same time last year, the number of domestic projects surged37.8 percent and that of FDI projects increased 35 percent.

Bac Giang is home to more than 1,420 operating projects, including 1,074domestic projects and 348 FDI projects.

More than 30 trillion VND (1.32 billion USD) in investment capital has beendisbursed since 2016. As of the end of May, there were nearly 7,500 Vietnamese businesseswith total registered capital of more than 48.6 trillion VND (2.14 billion USD)and 336 foreign-invested firms with total registered capital exceeding 3.1billion USD in the province.

Last year, the province’s PCI moved three steps to rank 30th out of63 cities and provinces nationwide.-VNA

VNA
#northern province of Bac Giang #boost the local business environment #administrative reform #competitive capacity #top 15 #Provincial Competitiveness Index (PCI) #FDI projects #Vietnam News Agency #Vietnamplus Bac Giang

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