Business

Bac Ninh leads in FDI attraction in two months

The northern province of Bac Ninh raked in more than 1.3 billion USD in foreign direct investment (FDI) in the first two months of this year, making it the country’s largest FDI recipient during the period, according to the Ministry of Planning and Investment’s Foreign Investment Agency.
Bac Ninh leads in FDI attraction in two months ảnh 1Production at Japan's Foster Electric Company in the Vietnam-Singapore Industrial Park (VSIP) Bac Ninh. (Photo: VNA)
Bac Ninh (VNA) – The northern province of Bac Ninh rakedin more than 1.3 billion USD in foreign direct investment (FDI) in the firsttwo months of this year, making it the country’s largest FDI recipient duringthe period, according to the Ministry of Planning and Investment’s ForeignInvestment Agency.

FDI flows into Bac Ninh accounted for 26.5 percent of thecountry’s total and was 7.6 times that of the same periodlast year.

So far this year, the province has licenced 16 new FDIprojects with combined registered capital exceeding 33.8 million USD, saidNguyen Quang Thanh, Deputy Director of the provincial Department of Planningand Investment. The province has also authorised 22 existing projects to addover 1.25 billion USD to their investment, he added.

Most of the additional funding was registered to land indeveloping urban and service infrastructure at the Vietnam-Singapore IndustrialPark (VSIP) Bac Ninh (941 million USD), and building a plant for manufacturing electronic devices, network equipment and multimedia audio products at QueVo Industrial Park (306 million USD), he said.

Bac Ninh is currently home to 1,727 valid FDI projects withtotal registered investment reaching nearly 22.54 billion USD./.
VNA
#Bac Ninh#FDI#first two months of 2022#additional funding#Vietnam#Vietnam news#Vietnam News Agency#Vietnamplus
Follow VietnamPlus

Related News

FDI to Vietnam predicted to surge in 2022

FDI to Vietnam predicted to surge in 2022

Vietnam remains an attractive destination for Foreign Direct Investment (FDI), which is likely to experience a surge in 2022 after a long hiatus due to the pandemic, according to economic experts.
Hanoi: disbursement of public investment up 6.2 percent in February

Hanoi: disbursement of public investment up 6.2 percent in February

Hanoi disbursed some 2.2 trillion VND (96.44 million USD) worth of investment sourced from the State budget in February, equivalent to 66.5 percent of last month’s figure, but an increase of 6.2 percent year-on-year, the municipal Statistics Office reported.
Vietnam attracts nearly 5 billion USD of FDI in two months

Vietnam attracts nearly 5 billion USD of FDI in two months

Foreign investors have poured nearly 5 billion USD in Vietnam so far this year, equivalent to 91.5 percent of that in the same time last year, reported the Foreign Investment Agency under the Ministry of Planning and Investment.

See more

Industrial factories in Tan Uyen city, the southern province of Binh Duong (Photo: VNA)

Investors upbeat about Vietnam’s industrial property market

Investors are bullish on Vietnam's industrial property market growth on the back of the nation's strategic location, sound infrastructure, and increasing demand for industrial space, particularly industrial parks that meet green standards, according to market research.

Vietnamese Ambassador to Belgium and head of the Vietnamese Delegation to the EU Nguyen Van Thao addresses the forum (Photo: VNA)

Forum connects Vietnamese, Belgian busineses

The Vietnam-Belgian business forum took place in Brussels on October 23, offering a chance for enterprises of the two countries to introduce their products and explore new cooperation opportunities.

The expos cover over 6,000 sq.m, drawing over 210 exhibitors from 10 countries and territories. (Photo: VNA)

Hanoi hosts textile & garment, fabric garment accessories expos

The Vietnam Hanoi Textile & Garment Industry and Fabric Garment Accessories Expos 2024 (HanoiTex & HanoiFabric 2024) is taking place in Hanoi on October 23 – 25 as part of a series of international exhibitions on Vietnam's textile and garment industry.

Representatives from Vietnamese and Lao agencies, localities and businesses at the opening ceremony of the Vietnam-Laos trade fair 2024 in Xiengkhouang province. (Photo: VNA)

Vietnam, Laos step up trade, tourism promotion

A Vietnam-Laos trade fair was kicked off in Phonsavanh township in Xiengkhouang province of Laos on October 23 as part of activities to celebrate the 75th anniversary of the traditional day of Vietnamese volunteer soldiers and experts in Laos (October 30, 1949 – 2024).

Illustrative photo (Photo: chinhphu.vn)

Vietnamese goods enter US through global supply chain

The Saigon Co.op Distribution Company Limited (SCD) - a member of the Ho Chi Minh City Union of Trade Cooperatives (Saigon Co.op), and STC Natural Vina Company on October 23 held a hand-over ceremony for goods that will be exported to the US.

Vietnam’s lobsters have clawed their way back onto Chinese menus after a suspension. (Photo: VNA)

Vietnam’s lobsters claw back prominence in China

Vietnam’s lobster export to the Chinese market in January-September rose 33 folds year-on-year on the back of lower prices and stronger trade ties between the two nations, the South China Morning Post said on October 22.