(BGO) – Bac Giang has lured positive result in investment attraction since early this year with more registered capital than the previous year. The prosperous signal inspired the province to another year with many big groups and enterprises for project execution.
Consecutive good news
Early this year, Bac Giang received good news when many foreign direct investment (FDI) companies registered to implement projects, typically “Fulian Precision Technology Factory” invested by Singaporean company Fulian Company Limited at Quang Chau industrial park (Viet Yen district) and solar panel manufacturing factory project built by Hainan Longi Green Energy Technology Company Limited in Hoa Phu industrial park (Hiep Hoa district). Total registered capital of two above projects hit about 761 million USD.
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The Chairman of Bac Giang provincial People’s Committee Le Anh Duong and Vice Chairman Phan The Tuan witness the Handing over ceremony of the memorandum of understanding for investment between Yadea Group Holdings and Lideco No.1 Joint Stock Company. |
Besides in Tan Hung industrial park (Lang Giang district), Chinese Yadea Group Holdings (Yadea) and Lideco No.1 Joint Stock Company who is the investor to the industrial park infrastructure inked memorandum of understanding for investment. Accordingly, Yadea will execute the project to construct the factory to manufacture and erect electric scooter in Tan Hung industrial park with expected capacity of 2 million pieces per year and total investment of 100 million USD.
Thanks to big FDI projects, the province has attracted nearly 796 million USD of investment since this January, making up 12-fold increase year on year.
Accompanying businesses
Apart from the above project, Bac Giang received 23 profiles requesting to license and adjust Investment Registration Certificate in January. In accumulation, so far 448 projects have been invested to the industrial parks, including 336 FDI ones with total registered capital of 8.15 billion USD and 17,812 billion VND (759 million USD). The implemented investment capital hit 5.34 billion USD and 7,490 billion VND.
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The production line at JA Solar Vietnam Company Limited in Quang Chau industrial park. |
Previously in 2022, the province attracted over 1.3 billion USD, up 17 percent year on year. Regarding FDI attraction, Bac Giang rank ninth nationwide.
The result proved that Bac Giang continues to be a promising land for many big companies and groups.
Bac Giang has many potentials for investment attraction. Taking the advantages, in 2023, the province strives to lure about 1.3 billion USD, including 1 billion USD to the industrial park.
Speaking at the regular meeting of the provincial People’s Committee (PPC) in January, the PPC Chairman pressed on positive result in investment attraction to the province since early this year. The good signal revealed a bright vision to lure more giant investors to the province in the upcoming time.
Thus, the relevant sectors and localities should cooperate with the Management Board of industrial park (MBIP) to remove the obstacle and difficulties, accelerate the progress of site work at the industrial park to create clear land for the investor.
PPC Chairman said Bac Giang committed to creating the best legal condition to the investor. The provincial leader is always ready to listen to the difficulties from the business and investor which also is the provincial problem to handle.
Head of the MBIP Dao Xuan Cuong said the MBIP will continue luring more investment; prioritizing investors with financial capability and skill to manage high-tech projects; urging and speeding up the land clearance progress at the industrial parks of Vietnam Korean, Quang Chau, Hoa Phu, Song Khe – Noi Hoang and new ones of Yen Lu, Tan Hung, expanded Hoa Phu.
Moreover, the MBIP will actively support business in employing labours, focusing on high quality human resources so as to realize the target of luring one billion USD of investment to the industrial park assigned by the PPC Chairman.
