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Local Economy

Last updated: Thursday, November 16, 2017

 

Bac Ninh Hailed for Achievements since Re-Establishment 20 Years Ago

Posted: Wednesday, January 04, 2017


Senior Lieutenant General To Lam, Politburo member and Minister of Public Security, has spoken highly of significant achievements gained by the Party Committee and people of Bac Ninh province during a ceremony celebrating the 20th anniversary of the locality’s re-establishment on January 3.

He asked the province to foster the application of information technology in urban management, push ahead with economic restructuring and shift of growth model, and ensure better use of resources.

He also requested that local authorities fully address environmental pollution, particularly at industrial parks and craft villages, while bolstering promotional activities in order to attract more investors.

Staring from an agriculture-based economy, after two decades, Bac Ninh has risen into a modern industrialised province with an annual economic growth rate of 15.1 per cent and local Gross Regional Domestic Product (GRDP) in 2016 reached VND 26 trillion (US$1.14 billion), a 15.2-fold increase from 1997.

The province's industrial production value last year was nearly VND 766 trillion (US$33.68 billion), a 1,200-fold increase from 20 years ago. As of 2016, Bac Ninh has attracted 935 projects with total registered capital of US$12.3 billion, many of them invested by the world’s major corporations including Samsung, Microsoft and Canon.

The locality also recorded remarkable achievements in modernising rural areas, promoting culture, developing education, enhancing the healthcare sector, reducing poverty and improving the livelihood of residents.

NDO

 








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