Illustrative photo (Photo: VNA)

Bac Giang (VNA) – The northern province of Bac Giang drew 77 investment projects with a combined registered capital of 1.455 million USD in the first five months of this year.

As many as 53 of the new projects was invested by domestic firms worth over 26 trillion VND (1.15 billion USD), and 24 others are foreign direct investment (FDI) projects valued at more than 305 million USD.

Compared to the same period last year, the number of new projects was slashed by 10; however, total registered capital saw surges, with domestic investment nearly tripling and foreign investment hiking 18.8 percent.

To date, Bac Giang province is home to 1,197 projects, 913 of which has been invested by domestic businesses and are valued at nearly 80 trillion VND (3.5 billion USD). Meanwhile, foreigners poured over 4 billion USD into the remaining projects.-VNA