Inside a garment production plant in Bac Giang. The province is housing 1,205 investment projects valued at 7.76 billion USD (Photo: VNA)Bac Giang (VNA) – The northern provinceof Bac Giang is home to 1,205 investment projects operating with totalregistered capital of 7.76 billion USD, according to Director of the provincialDepartment of Planning and Investment Trinh Huu Thang.
Of the total number, there are 289 foreign direct investment (FDI) projectsvalued at more than 4.26 billion USD.
From the beginning of this year, the province has attracted 57 new domesticprojects worth nearly 26.5 trillion VND (1.16 billion USD) and 29 FDI projectswith total capital of more than 512 million USD.
The large-scale projects include An Khanh-Bac Giang thermal power plant withinvestment of 22.5 trillion VND (990 million USD), DNP Bac Giang water plant withnearly 1.3 trillion VND (57.2 million USD) and Lan Son infrastructuredevelopment and Khai Hong plastic plant with 150 million USD.
The capital is spread across the industrial and manufacturing sector (82.6percent), trade and services (17.3 percent) and agriculture (0.1 percent).
The province will create conditions to encourage businesses to boost investmentand compensation for land clearance and hasten infrastructure construction.
It will enhance transparency of administrative procedures and strictly punishofficials hampering enterprises in the locality.
Along with supporting investors in land clearance in some key products like AnKhanh-Bac Giang thermal power plant and Bac Giang city international logisticcentre, the province will maintain dialogue with investors to address difficulties.-VNA
VNA
