(BGO) – Since early this year, Bac Giang province has licensed 175 new businesses, up 3 percent with total registered capital of over 7.1 trillion VND (299.4 million USD), representing 4.3 fold increase year on year.
Some newly established companies with high capital are Xuan Duong Automation Service and Trading One Member Company Limited in Viet Yen district (35 billion VND), DTH Mining Service and Trading Joint Stock Company in Bac Giang city (25 billion VND) among others.
![]() |
Illustrative image. |
The above result was gained thanks to various measures applied in the province since early this year to improve the business and investment environment and attract investors.
Meanwhile, the Department of Planning and Investment focused on reforming the administrative procedure to facilitate business in registering and granting establishment licence.
This year, the province strives to establish 1,450 new businesses.