Today: 30/05/2020 19:45:57 (GMT+7)

Bac Giang tends to effective and sustainable FDI attraction

(BGO) - So far, Bac Giang province has paid due attention to boosting foreign direct investment (FDI) attraction while creating favorable conditions to welcome foreign investors to the province. The provincial Party Committee, People’s Council and People’s Committee have carried out a number of policies to improve investment and business climate while enhancing the provincial competitive capacity. 

Thus, the province has gained positive results in FDI attraction making a significant contribution to fulfilling the local socio-economic development tasks.

In 2018, the province attracted 59 FDI projects with total registered capital of 162 million USD, bringing the number of FDI projects up to 371 with a total value of 4.2 billion USD. 

Bac Giang province, effective and sustainable, FDI attraction, favorable conditions, foreign investors, investment and business climate, giant corporations

Duong Tri Dung, CEO of Vina Solar Company Limited stressed choosing Bac Giang as an investment destination is a right decision.

Among 12 countries and territories investing in the province, Republic of Korea is top in the number of projects, followed by China and Japan respectively. A number of giant corporations such as FLC Sam Sung, Vinfast, Korean and Australian enterprises came to seek investment opportunities in the province.

The FDI projects in the province have made dramatic contributions to the state budget, creating jobs for laborers and enhancing the living standards of the local people.

Particularly, the FDI projects have made positive impacts on other economic sectors through exchanges and linkage of business opportunities with domestic enterprises and economic sectors helping them to obtain experience in business management and advanced technologies of the world, G7and OECD countries. In addition, the FDI projects help domestic enterprises in innovating their technologies to improve competitive capacity in the course of globalization.

RoK’s company seeks investment opportunities in Bac Giang province
(BGO) - On 15 January, Chairman of the provincial People’s Committee Nguyen Van Linh received Chulsung Lee, Vice President of STS Development Joint Stock company, Republic of Korea (RoK) and other company members to seek opportunities for investment in Bac Giang. The working session was attended by leaders of the provincial departments of Planning and Investment, Industry and Trade, the Industrial Zone Authorities and the Office of the provincial People’s Committee. 
Vietnam works to draw foreign investment to hi-tech industries
A seminar promoting investment to high-tech industry is scheduled to take place in Hanoi on January 14 in a bid to draw foreign investment to the field in Vietnam.
US-based investment fund invests in Organica Vietnam
The Small Enterprise Assistance Funds (SEAF) Women’s Opportunity Fund (SWOF) and Organica Investment JSC signed a cooperation agreement in Ho Chi Minh City on January 9 to develop organic food production and trade. 
Vietnam, Bulgaria boost trade, investment
The Vietnam-Bulgaria Trade Promotion and Investment Centre has opened in Hanoi recently, improving conditions for Vietnamese businesses to boost investment and exports to Bulgaria as well as accessing other EU markets.
Bac Giang continues improving investment climate
(BGO) - In 2018, Bac Giang province granted investment registration certificates for 107 domestic investment projects with registered capital of 1,920 billion VND (82.7 million USD) and 63 foreign direct investment (FDI) projects valued at 166 million USD. Besides, the local authority has given a nod to increasing the capital for 50 investment projects up to 336 million USD.

Huu Minh

Bac Giang province, effective and sustainable, FDI attraction, favorable conditions, foreign investors, investment and business climate, giant corporations
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