Singapore-invested New Wing Interconnect Technology Co in the northern province of Bac Giang has raised the investment capital of its project by 110 million USD.
Workers at the New Wing Interconnect Technology Co. (Photo: bacgiang-iza.gov.vn)
Hanoi (VNA) - Singapore-invested New Wing Interconnect Technology Co. in the northernprovince of Bac Giang has raised the investment capital of its project by 110million USD.
With the latest addition, the plant, which manufactures headphones and wires,will have total investment capital of 210 million USD, becoming one of thelargest foreign-invested projects in Vietnam in the first two months of thisyear, baodauthau.vn reports.
Covering more than 60,000sq.m in the Van Trung Industrial Zone, the plantmanufactures nearly 225 million products each year.
In the two-month period, Bac Giang lured 125 million USD in foreign investmentcapital (FDI), ranking 12th among 63 localities nationwide in terms of FDIattraction, statistics from the Foreign Investment Agency showed.
As of February, the province was home to 434 foreign-invested projects, withcombined investment capital of 4.96 billion USD, as per the data.
Itstrives to attract 1-1.2 billion USD in investment by the end of the year.
To this end, the province will continue improving the investment climate whilestrengthening support and handling obstacles for enterprises and investors toboost the production and business development and facilitate investmentattraction.
Top priority for investment attraction will be given to transportinfrastructure, energy, the development of industrial parks and clusters, keyurban areas, and social infrastructure projects which are suited to theprovincial socio-economic development plan.
The province will also welcome investment in supporting industries,hi-tech farming and production and investment in preservation and deepprocessing of farm produce for domestic consumption and export orientation toincrease added value.-VNA
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Workers at the New Wing Interconnect Technology Co. (Photo: bacgiang-iza.gov.vn) 
