Bac Giang province sets target to lure more investment in 2018
Vietnam`s northern province of Bac Giang is working out measures in an effort to attract 2 billion USD in domestic and foreign investment in 2018.
Priority will be given to projects in the fields of transport, energy, key urban area development, supporting technology for garment-textile and footwear sectors, hi-tech industry, spare parts, hi-tech agriculture, and farm produce preservation and processing.
A view of Bac Giang province
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To realise the target, the local authorities have requested investors of industrial parks to speed up the completion of technical infrastructure.
The province is accelerating the compensation payment for land clearance at Hoa Phu industrial park and selecting investors to build infrastructure at Vietnam-Korea industrial park.
It also asked the Embassies of Japan and the Republic of Korea along with the Japanese Chamber of Commerce and Industry in Vietnam, Japan External Trade Organisation, Korea Chamber of Commerce and Industry, and Korea Chamber of Business in Vietnam to organise annual meetings with investors in Bac Giang to help remove their difficulties.
This year, Bac Giang will pay more attention to setting up a list of investment projects and disseminating policies, opportunities and potential to make investment in the province in addition to promoting investment cooperation activities and increasing support for businesses while carrying out projects.
In the first four months of 2018, Bac Giang licensed 77 newly-registered and capital-added projects with total capital of over 206 million USD. They included 43 domestic ones with registered capital of more than 620 billion VND and 22 foreign-invested ones worth over 42 million USD.
Since 2017, the province has attracted more major investment projects including An Khanh thermal power plant, DNP clean water supply plant, infrastructure investment at Lam Son industrial cluster, Khai Hoang plastic plant, establishment of Lens Technology Co., Ltd., and social housing construction for workers at Van Trung industrial park.
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