With a goal of striving to soon become an industrial-urban hub in the northern region of the province, Bau Bang district in the first half of 2017 focused resources on economic development with targets reaching higher growth than the same period 2016.
Industrial production value at high growth
Over the past six months, Bau Bang district absorbed 40 domestic investment projects capitalized at VND405billion and 7 FDI ones with US$298.18million. The district has so far lured 525 investment projects with a total registered capital of more than US$2.1billion and VND24.9trillion.
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A glance of Bau Bang urban-industrial park
Leaders of the district’s People’s Committee said that thanks to the integral efforts by the local authorities at all levels, the district got stability in socio-economic development. Particularly, the district’s industrial production value in the first half of 2017 was estimated at more than VND3.7trillion, up 9.4% compared to 2016.
The district’s total retail sales revenue of commodities and services was estimated at more than VND1.51trillion, up 20.88% against the corresponding period last year. Meanwhile, the district’s agricultural production value was estimated at more than VND893billion, up 1.47% compared to the same period last year.
Further calling for investment
Along with infrastructure investment to create a motivation for the locality to absorb investors, Bau Bang district has prepared a plan to develop additional 1,300 hectares of industrial land in 2 communes of Lai Hung and Cay Truong under provincial adjustment of planning for industrial parks till 2020 approved by the Prime Minister.
Leaders of the district added that the district has submitted a project of expanded Tan Binh industrial park by 1,055 hectares in 2 communes of Tan Hung and Hung Hoa; continued improving a process of dealing with procedures regarding investment location to absorb more industries in line with the local investment orientation; promoted investment projects into industrial parks (IPs) and coordinated with relevant units to build IPs with procedures fulfilled.
To absorb more investment projects, the district will continue perfecting the local traffic and technical systems; attach special importance to investing in social infrastructure to meet the local rapid industrial-urban development; mobilize all resources to take part in trading in services relating to markets, entertainment areas…
Reported by Khanh Dang-Translated by K.T
