Bac Ninh, Dec. 1 -- The northern province of Bac Ninh is accelerating efforts to expand and modernise its private sector, targeting 85,000 enterprises by 2030 while developing a high-quality pool of entrepreneurs, according to Nguyen Dinh Hieu, Director of the provincial Department of Finance.

The province aims for at least two local firms to join global value chains, 15 private companies to rank among Vietnam's 500 largest enterprises, and one to two regional-scale private brands, positioning Bac Ninh as a hub for internationally integrated businesses.

The private sector is expected to contribute 55-58% of gross regional domestic product (GRDP) and 35-40% of local state budget revenue, while creating employment for 84-85% of the workfo...