Illustrative image (Photo: VNA)BacGiang (VNA) – The northern province of Bac Giang ranked ninth amonglocalities nationwide in attracting foreign direct investment (FDI) in thefirst months of this year.
Accordingto Deputy Director of the provincial Department of Planning and InvestmentNguyen Cuong, Bac Giang approved investment intention and licensed 13 FDIprojects with total capital of nearly 229 million USD.
Inaddition, 12 existing FDI projects raised their investment capital by a combinedmore than 209 million USD.
Thetotal volume of FDI inflow so far this year was equivalent to 94.8 percent ofthe figure in the same period last year.
Thenew projects included, the province is home to 464 FDI projects with totalcapital of over 6.12 billion USD.
Apartfrom foreign investment, Bac Giang also attracted 34 domestic projects worthmore than 3.5 trillion VND (149 million USD) in the past four months.
Despitethe impact of the COVID-19 epidemic, the index of industrial production in the firstfour months of this year of Bac Giang increased by 7.7 percent. However, thisis the lowest growth rate for many years.
Theprovincial administration will continue with measures to tackle difficultiesfor production and business, particularly enterprises’ access to credit andproblems in taxation, trade and electronic payment.
Localdepartments, agencies and authorities are required to coordinate closely inimproving the business and investment environment and the Provincial CompetitivenessIndex (PCI)./.
