Chairman of the Provincial People's Committee Vuong Quoc Tuan listened to the progress report on the handover of the Ring Road 4 project - Hanoi Capital Region through Thuan Thanh Town.

Effectively implementing the working theme for 2025: "Focusing on arranging and streamlining the apparatus of the political system; determined to complete the goals of the Resolution of the 20th Provincial Party Congress; directing the successful organization of Party Congresses at all levels and the 21st Provincial Party Congress; completing the synchronous and modern infrastructure system, meeting the criteria of a type I urban area by the end of 2025; creating clear changes in environmental protection, breakthroughs in digital transformation, improving the material and spiritual life of the people" Bac Ninh province proactively deployed many synchronous solutions with high determination of the entire political system.

Along with the task of reorganizing the apparatus in the spirit of Resolution 18, preparing to arrange administrative boundaries according to the direction of the Politburo and the Party Central Committee; implementing Resolution 57 of the Politburo on science and technology, innovation, digital transformation; organizing the celebration of major national holidays, the Party Committee, government and people of Bac Ninh province strive to implement solutions to promote economic growth with the goal of reaching 8% or more in 2025,

With the spirit of solidarity, effort, and determination to act, the Standing Committee of the Provincial Party Committee and the Standing Committee of the Provincial Party Committee focus on leading, directing, and operating proactively, flexibly, creatively, and effectively; overcoming all difficulties and problems... to resolve "obstacles" to create momentum for development with impressive results.

Semiconductor and high-tech industries receive special attention from provincial leaders.

Accordingly, economic growth has improved, GRDP in the first quarter of 2025 increased by 9.05% over the same period. In particular, the industry-construction sector continues to play a key role, accounting for the highest proportion in the province's economic structure; the service sector continues to develop, accounting for an increasingly high proportion: Industry-construction accounts for 66.19%; services account for 26.13%; agriculture, forestry and fishery account for 3.43%; product taxes minus product subsidies account for 4.24%.

The investment and business environment is increasingly improved, the infrastructure of industrial parks is invested synchronously, attracting investors, the occupancy rate of industrial land for lease according to the planning reached 62%, the IIP index increased by 12.06% over the same period.

The import-export index in particular has slowed down due to unfulfilled orders from some large enterprises, along with the adverse impacts of tariff barriers. Total import-export turnover as of mid-March is estimated at 14.01 billion USD. Of which, exports are estimated at 7.14 billion USD, equivalent to the same period in 2024; imports are estimated at 6.87 billion USD, up 7%.

This success affirms the preferential policies on attracting investment focusing on high-tech and semiconductor projects. These are key industries, not only helping Bac Ninh increase production value but also playing an important role in the future development of the province and the country.

Provincial leaders visited and encouraged businesses to promote production and business activities, contributing to the successful implementation of the province's growth targets.

Continuing to affirm its position as one of the localities with the most attractive investment environment, many leading corporations and enterprises in the world have chosen Bac Ninh as their production "base". For example: The project of Hainan Goertek Company (China) produces electronic components and electronic control equipment with a total investment of 1270 million USD; Victory Giant Technology Co., Ltd. increased its investment capital by 260 million USD, (raising the total investment capital of the project to 520 million USD) providing products in many important fields such as artificial intelligence, industrial Internet, green energy cars and aerospace; The project of Green Precision Manufacturing Company, (a high-tech enterprise of China) with a total capital of more than 120 million USD, specializing in the production of precision components for phones, tablets, speakers and electronic payment devices. When operational in the second quarter of 2026, the plant is expected to produce 62 million products per year and generate an estimated production value of $413 million.

Along with attracting high-tech projects, the quality of attracting investment projects of domestic and provincial enterprises has many positive changes. On January 2, at the conference to award investment certificates to welcome the new year 2025, the rate of domestic and provincial projects accounted for 21% of the total number of projects with new and adjusted investment capital. At the second conference to award investment certificates on March 31, for the first time, the number of newly granted projects of domestic enterprises was equal to that of FDI enterprises (of which, 7/14 domestic projects were in the high-tech sector, accounting for 90.5% of the total investment capital of private enterprises).

In addition, Bac Ninh province accelerates infrastructure development, creating favorable conditions for investors. In addition to concentrated industrial parks with clean land prepared, factories are being built to welcome new investment projects. The province directs sectors and localities to continue expanding industrial parks, including a dedicated high-tech and digital transformation industrial park associated with the Gia Binh Airport Project, Ring Road 4 - Hanoi Capital Region, hoping to create a "High-tech Valley" to welcome "Technology Eagles" to nest, creating a growth breakthrough not only for the province's economy but also for the whole country in the future.

Right in the first months of the year, the Provincial Party Standing Committee assigned key leaders of the province to lead working delegations to survey many countries with strengths in the fields of digital economy, digital technology, digital platforms, digital centers, etc. to study and apply them to the province's development practices and promote and attract businesses to explore investment opportunities in Bac Ninh.

Imbued with the Prime Minister's directive to be steadfast and determined to well implement the growth targets for 2025, in the meetings of the Provincial Party Committee, the Provincial People's Council and People's Committee always urge the Departments, branches and localities to enhance their sense of responsibility, strive to overcome difficulties and challenges, and strive to complete the tasks and plans with the highest results. The Provincial People's Committee has developed two growth scenarios. The Baseline Scenario forecasts growth at 7.62% (of which industry - construction increases by 8.02%, services increase by 7.52%, agriculture - forestry - fishery increases by 1.09%, product tax increases by 6.8%), with the target of 8% for the whole year. The high scenario expects growth to reach 9.55%, (of which industry - construction increases by 10.02%, services increase by 9.51%, agriculture - forestry - fishery increases by 1.09%, product tax increases by 8.78%), aiming for the whole year target of 10%.

Chairman of the People's Committee of Bac Ninh province Vuong Quoc Tuan affirmed the consistent viewpoint of the provincial leaders: In the context of the world economy having many fluctuations, unpredictable obstacles, direct and indirect impacts on production and business activities, investment attraction, Bac Ninh province still has an open investment environment, providing necessary support for businesses, especially high-tech businesses. Continue to improve policy mechanisms, create a favorable legal environment, attract more large projects from within and outside the country".

Accordingly, Bac Ninh adheres to the principle of attracting investment projects according to the criteria of "Two less - Three high - Four ready - One no". "Two less" means less land use, less labor use. "Three high" means high investment capital of FDI projects, high technology and high economic efficiency, making important contributions to economic growth. "Four ready" include: ready land; ready high-quality human resources; ready mechanisms, reform procedures, preferential policies, making the most of preferential policies on law; ready to support and solve all difficulties. "One no" means no environmental pollution.

The economy has grown steadily and positively, attracting foreign investment leading the country, and the import-export value is stable in the unstable conditions of war, tax imposition, inflation, etc., further affirming the position of Bac Ninh in particular and Vietnam in general as a safe and attractive destination for foreign investors. With the determination, solidarity and consensus of the entire political system, and careful preparation of growth targets and scenarios, Bac Ninh province is ready to gradually realize the goals set for 2025, building a rich and developed province.