illustrative image (Source: VNA)

Bac Giang (VNA)
– The northern province of Bac Giang will continue its efforts to improve the local investment and business environment with the goal of attracting investors and facilitating the operation of local businesses.

Director of the provincial Department of Planning and Investment Trinh Huu Thang said the department will push the pace of major investment projects including the international logistics service centre in Bac Giang City and the Tay Yen Tu eco-tourism complex.

The Management Board of Industrial Parks will coordinate with relevant agencies in speeding up land clearance for the infrastructure development project in Ho Phu industrial park in Hiep Hoa district.

Meanwhile, the provincial Department of Home Affairs is to work with other agencies to manage the operation of the province’s public administrative centre, proposing measures to increase the effectiveness of the centre, thus contributing to local administrative reform and providing better public services.

As of the end of September 2016, Bac Giang was home to 1,091 investment projects with combined capital of over 5.5 billion USD, according to the Department of Planning and Investment.

Of the total, 250 projects worth over 3.1 billion USD are run by foreign investors.

In August and September this year, the province also granted business licences to 158 new firms with combined registered capital of more than 2.36 trillion VND, raising the newly-established companies so far this year to 626, a rise of 39 percent year on year.

Currently, Bac Giang is hosting 5,633 enterprises and 812 business branches and representative offices, with a total investment of 31.2 trillion VND (1.41 billion USD), he said.

During the past two months, a number of Japanese businesses arrived in the province to study the possibility of safe vegetable production, while Seah Vina company from the Republic of Korea met local officials to discuss investment in a solar power plant.-VNa