Bac Giang makes breakthrough in investment attraction
The northern province of Bac Giang has so far attracted 1,113 investment projects with a total registered capital of nearly US$5.9 billion, including 259 foreign-invested projects with over US$3.5 billion.
As of December 10, the locality lured 172 projects with a total registered capital of over VND12.3 trillion (US$541.2 million).
The investment value of domestic projects in 2016 doubled that of the previous year and was 7.9 times higher than 2013.
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With the newly-registered foreign direct investment (FDI) capital upping 4.6 times year-on-year, Bac Giang was listed among top ten leading localities in FDI attraction nationwide.
Key projects in the period included a waste-to-power plant capitalizing at VND4.75 trillion (US$209 million), and an international logistics centre in Bac Giang city, with a total registered capitals of VND4.2 trillion (nearly US$1.85 million).
Additionally, an industrial park (IP) infrastructure project valued at VND1.93 trillion (US$84.9 million) and the West Yen Tu spiritual an ecological tourism site worth VND1.48 trillion (US$65.12 million) were also a few to name.
The fruitful results were attributed to incentives offered by the local authorities and their efforts to improve the investment climate.
Director of the provincial Department of Planning and Investment Trinh Huu Thang said the locality will continue outlining specific measures in order to attract more investment in 2017, towards creating breakthroughs in its socio-economic development.
Accordingly, meetings and dialogues with enterprises will be maintained quarterly, thus swiftly supporting and addressing difficulties facing them during their investment and business in the locality.
The locality will also focus on calling for further investments in building infrastructure facilities in a number of IPs and industrial clusters, Thang noted.
