(BGO) – Since early this year, Bac Giang province has gained positive result in investment attraction and business development.
As of March 15, the province attracted about 855 million USD, representing 2.75 fold increase year on year. Local authority licensed two new domestic direct investment (DDI) projects with registered capital of 297 billion VND (12.6 million USD) (accounting for 91.4 percent) and 11 foreign direct investment (FDI) ones totally worth 790 million USD (making 7.69 fold increase). Besides, the province approved for 4 DDI and 8 FDI projects to add more capital of 299 billion VND and 37.8 million USD (19.5 percent) respectively.
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A corner of Van Trung industrial park in Viet Yen district. |
In March, the province drew total investment of 20.12 million USD, including two new FDI projects with registered capital of 2.7 million USD and 5 existing FDI projects with added capital of 17.42 million USD.
In the first quarter, there were 262 newly established businesses in the province (up 16 percent) with registered capital of 7,704 billion VND (3.4 fold increase). 26 companies announced dissolution (the same year on year) and 313 firms and branches suspended the business activities (up 54 percent against the same period last year).
To increase the investment attraction and business development, Bac Giang province has accelerated the investment progress, construction of industrial park infrastructure in which focuses on the site work at the remaining areas of new and existing industrial parks of Vietnam – Korea, Quang Chau, Hoa Phu, Song Khe – Noi Hoang (the South), Yen Lu, Tan Hung and expanded Hoa Phu industrial park.
