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KBC welcomed Hau Giang province’s delegation and shared investment promotion experience in Bac Ninh province

In the afternoon of March 18th, 2022, at the headquarter of KinhBac City Development Holding Corporation (KBC), Que Vo Industrial Park, Bac Ninh province, KBC's Board of Directors (BOD) honored to welcome Hau Giang province’s delegation to acquire knowledge from our experience. The delegation of Hau Giang province, led by Mr. Dong Van Thanh - Deputy Provincial Party Secretary, Chairman of the People's Committee of Hau Giang province, along with leaders of departments and boards of Hau Giang province, visited and worked at KBC. On the side of the leaders of Bac Ninh province were Mr. Vuong Quoc Tuan, Alternate member of the Communist Party of Vietnam’s Central Committee, Standing Vice Chairman of Bac Ninh Provincial People's Committee and other leaders of Departments and Boards of the province.


Hau Giang province and Bac Ninh province share certain similarities: they are two provinces that were separated and have a purely agricultural starting point. With innovative thinking and strategic vision, Bac Ninh has made a breakthrough, especially in the development of industrial parks and FDI attraction. These are valuable lessons for the leaders of Hau Giang province to study and apply in the leading and socio-economic developing of their locality in the coming future, striving to make Hau Giang one of the highlight destinations of the Mekong Delta.

At the reception, KBC's leaders shared a lot of experience in attracting FDI for enterprises over the years and expressed their goodwill to mark KBC's brand in Hau Giang in the near future.

Chairman of Hau Giang Provincial People's Committee Dong Van Thanh gratefully thanked KBC for the affection, sincere and warm reception for the delegation and congratulated on the outstanding achievements in investment attraction that KBC has achieved during the past 20 years of development. Chairman of Hau Giang Provincial People's Committee said: Hau Giang started as an agricultural province, with the lowest economic scale among the provinces in the Mekong Delta region. With the determination to renew thinking and create motivation for development, the Resolution of the Party Congress of Hau Giang province for the 2020-2025 term identifies four main economic pillars: industrialization, urbanization, agriculture and tourism. Currently, there are only 2 industrial parks in Hau Giang province, attracting 72 projects with a total investment capital of more than USD 3.8 billion and VND 74,000 billion, mainly focusing on seafood processings. In 2021, this 2 industrial parks contributed VND 1,000 billion to the state budget. With an orientation toward 2030, Hau Giang will establish 8 new concentrated industrial parks. To actualize this goal, Hau Giang province hoped that the business trip would help the province gain more experience in planning for industrial parks, urban areas and worker housing; and organizing effective investment promotions. Chairman of Hau Giang Provincial People's Committee emphasized: excellent practices in socio-economic development, especially in promotion and investment attraction in industrial parks in Bac Ninh, would be valuable experiences for Hau Giang province to study and implemente locally, contributing to the socio-economic development of the province.

In the coming period, Bac Ninh province determines that investment attraction must be associated with the orientation of economy understanding, high-tech production and sustainable development on the basis of selecting projects according to the criteria "2 less, 3 high": less usage of land and labor; high economic efficiency, high budget contribution and high technology participation. The province also focus on strengthening the connection between FDI enterprises and domestic enterprises, improving the localization rate in products and creating conditions for local industries to participate in the global value chain and industrial development are the main factors that support and turn Bac Ninh into an innovative and dynamic city in the future, and also a motivational province of the Hanoi Capital region.


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