With many creativity and flexibility in administrative reform, business environment improvement, especially in improving local governance capacity, over the past 1 year, despite being heavily affected by the COVID-19 pandemic- However, Bac Ninh is still a "bright spot" in investment promotion and attraction, especially foreign direct investment in the area.
Investing and operating in Yen Phong Industrial Park since 2010, CruciaTec Vina Joint Stock Company is a 100% foreign-invested enterprise specializing in manufacturing high-tech components for mobile phones. With a modern factory system, professional working environment, attractive salary and benefits, the business has always operated stably with more than 400 officers and workers. In 2020, despite many difficulties due to epidemics and diseases, the company's revenue still reached more than 46 million USD. From the beginning of 2021 until now, the situation of COVID-19 epidemic in the area has been complicated, businesses have to implement many measures to realize "dual goals", both preventing and controlling the epidemic and stabilizing production and business. business.
Last June, to implement measures to prevent and control the epidemic and secure orders, the company arranged for 250 officials and workers to stay at the company. Although it is more difficult and costly, businesses still appreciate the initiative of the Bac Ninh government as well as the support of the authorities in disease prevention and control. In July and August 2021, the situation of COVID-19 epidemic in the province was basically under control, businesses operated stably again, and revenue reached the set targets. It is expected that in 2021, the Company will achieve and exceed the annual plan. Mr. Kim Ki Sung, General Director of the company said: “The province's active support and favorable and safe investment environment are one of the factors for the parent company from Korea to decide to continue investing. added USD 8 million, expanded production, researched and deployed new products and decided to stay in Bac Ninh for a long time.
Determining that attracting investment is one of the decisive factors for the successful implementation of socio-economic development goals. With many imprints and breakthroughs in investment attraction, Bac Ninh province is a potential, attractive, safe and effective investment destination for regional and international investors. In which, renewing the development perspective towards sustainability, attracting and calling for investment selectively, prioritizing the fields of added value and high-tech environment-friendly; focus on synchronously implementing solutions to improve the investment environment, especially reviewing, perfecting and supplementing mechanisms and policies, actively supporting local investors, and improving the quality of human resources. … to create the province's investment environment, which is gradually improved in the direction of openness, transparency and convenience, which are factors that create competitive advantages with neighboring localities.
The province strengthens dialogue between the government and businesses, organizes business meetings, thereby promptly grasping and removing difficulties and obstacles in the implementation of the "dual goal" of both disease prevention and control and maintenance. , development of production and business; support workers affected by the epidemic. Actively update information and coordinate with relevant units to implement solutions to improve the business environment, attract domestic and foreign investment to make good use of development opportunities, especially to catch the new time. movement of foreign investment capital flows.
Mr. Nguyen Dinh Xuan, Director of the provincial Department of Planning and Investment, said that despite the impact of the COVID-19 epidemic, with an open business environment, security, political stability, and a favorable trade location. With increasingly improved infrastructure, Bac Ninh is still attractive to investors. From the beginning of the year until now, the province has granted 89 new projects with a total capital of 465.3 million USD; granted investment certificates to adjust capital for 55 projects with a total capital increase of nearly 102 million USD. Cumulatively, the province has 1,694 valid FDI projects, with a total capital of 20,373 million USD. Along with FDI enterprises, from the beginning of the year until now, there have been 32 domestic investment projects with a total investment capital of more than 10,185 billion VND newly registered for investment; increasing the number of domestic investors investing in the province to 1,464 projects with a total adjusted investment capital of more than 213,402 billion VND… affirming that Bac Ninh continues to be a safe destination for investors.