Bac Giang makes breakthrough in investment attraction
Bac Giang province has so far attracted 1,113 investment projects with a total registered capital of nearly 5.9 billion USD, including 259 foreign-invested projects with over 3.5 billion USD.
Bac Giang (VNA) – The northern province of Bac Giang has sofar attracted 1,113 investment projects with a total registered capital ofnearly 5.9 billion USD, including 259 foreign-invested projects with over 3.5billion USD.
The value of investment capital poured into thelocality in 2016 was much higher than those from previous years.
As of December 10, the locality lured 172projects with a total registered capital of over 12.3 trillion VND (541.2million USD).
The investment value of domestic projects in2016 doubled that of the previous year and was 7.9 times higher than 2013.
With the newly-registered foreign directinvestment (FDI) capital upping 4.6 times year-on-year, Bac Giang was listedamong top ten leading localities in FDI attraction nationwide.
Key projects in the period included awaste-to-power plant capitalizing at 4.75 trillion VND (209 million USD), andan international logistics centre in Bac Giang city, with a total registeredcapitals of 4.2 trillion VND (nearly 1.85 million USD).
Additionally, an industrial park (IP)infrastructure project valued at 1.93 trillion VND (84.9 million USD) and theWest Yen Tu spiritual an ecological tourism site worth 1.48 trillion VND (65.12million USD) were also a few to name.
The fruitful results were attributed toincentives offered by the local authorities and their efforts to improve the investmentclimate.
Director of the provincial Department of Planningand Investment Trinh Huu Thang said the locality will continue outlining specificmeasures in order to attract more investment in 2017, towards creatingbreakthroughs in its socio-economic development.
Accordingly, meetings and dialogues withenterprises will be maintained quarterly, thus swiftly supporting andaddressing difficulties facing them during their investment and business in thelocality.
The locality will also focus on calling forfurther investments in building infrastructure facilities in a number of IPsand industrial clusters, Thang noted.-VNA
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Illustrative image (Source: //baobacgiang.com.vn) 
