Bac Giang attracts some 1,200 investment projects
The northern province of Bac Giang is home to 1,205 investment projects operating with total registered capital of US$7.76 billion, according to Director of the provincial Department of Planning and Investment Trinh Huu Thang.
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From the beginning of this year, the province has attracted 57 new domestic projects worth nearly VND26.5 trillion (US$1.16 billion) and 29 FDI projects with total capital of more than US$512 million.
The large-scale projects include An Khanh-Bac Giang thermal power plant with investment of VND22.5 trillion (US$990 million), DNP Bac Giang water plant with nearly VND1.3 trillion (US$57.2 million) and Lan Son infrastructure development and Khai Hong plastic plant with US$150 million.
The capital is spread across the industrial and manufacturing sector (82.6 percent), trade and services (17.3%) and agriculture (0.1%).
The province will create conditions to encourage businesses to boost investment and compensation for land clearance and hasten infrastructure construction.It will enhance transparency of administrative procedures and strictly punish officials hampering enterprises in the locality.
Along with supporting investors in land clearance in some key products like An Khanh-Bac Giang thermal power plant and Bac Giang city international logistic centre, the province will maintain dialogue with investors to address difficulties.