Bac Ninh province on right tract in FDI attraction
Drawing 78 new foreign-invested projects worth nearly 200 million USD in the first two months of this year, the northern province of Bac Ninh is on the right track to realise the goal of 1.1 billion USD in foreign direct investment (FDI) in 2024, according to the provincial Statistics Office.
Bac Ninh (VNA) – Drawing 78 new foreign-investedprojects worth nearly 200 million USD in the first two months of this year, thenorthern province of Bac Ninh is on the right track to realise the goal of 1.1 billionUSD in foreign direct investment (FDI) in 2024, according to the provincial Statistics Office.
In the January-February period, China led in the number ofnewly-registered projects in Bac Ninh with 46 projects, followed by Hong Kong(China) with 14.
Meanwhile, 170.9 million USD was added into 34 underway projects,while 23.9 million USD was poured into share purchase and capital contributiondeals.
In the period, Bac Ninh also granted investment licences to ninedomestically-funded projects worth over 2 trillion VND (80.97 million USD). The province is now home to 1,560 valid projects with combined investmentof 261.06 trillion VND, the office reported.
Experts attributed the results to the province’s efforts tobuild and complete mechanisms and policies to attract strategic investors onthe foundation of the provincial planning scheme in the 2021-2030 period.
At the same time, the province has shown strong performancein ground clearance and infrastructure building in industrial parks andindustrial clusters, as well as in improving the investment environment.
Bac Ninh has actively sought potential investors, whileworking hard to remove difficulties in production and business activities.
Since the beginning of the year, leaders of Bac Ninh andmembers of the expert groups for removing obstacles in investment have heldmany meetings with local businesses and investors to explore their difficultiesand put forth solutions./.
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Illustrative image (Source: baobacninh.com.vn) 
