A worker at Foster Electric Bac Ninh Co in the Viet Nam-Singapore Industrial Park. — Photo bacninh.gov.vn

The northern province of Bac Ninh has set a target of registering 2,500 new enterprises each year from 2020 to 2025 as part of a scheme to support small and medium-sized enterprises (SMEs).

Under the scheme, provincial authorities will provide land for roughly 175 investment projects in the form of leases or industrial parks and industrial clusters when infrastructure is completed.

The province will also organise management training courses for 1,800 managerial positions, and vocational training for 15,000 workers.

Enterprises established from 2020-25 will be provided with free accounting and taxation software.

Relevant agencies will help local enterprises access fairs, exhibitions and workshops to seek business opportunities and new markets. They will also hold more events and programmes to provide local enterprises with accurate and up-to-date information on both the domestic and international markets to help them decide on a direction for production and business activities.

In particular, the province will build an innovate start-up centre tasked with connecting domestic and foreign resources to support local start-ups and develop the innovative start-up ecology in the province.

The scheme also aims to assist the development of the support industry, including enterprises that supply products and services for the Samsung complex and other foreign-invested enterprises in the province.

In the first eight months of 2020, Bac Ninh had 1,598 newly-established enterprises with total registered capital of nearly VND15.6 trillion, representing increases of 4.3 per cent and 1.94 per cent from 2019, respectively. — VNS