Illustrative photo (Source: VNA)

Bac Giang (VNA) – The northern province of Bac Giang will devise comprehensive measures to promote investment in infrastructure development and new industrial parks, said Chairman of the provincial People’s Committee Nguyen Van Linh.

During the November 26 meeting reviewing the 2015 task implementation and initiating new ones for investment support and enterprises development, he urged local authorities and sectors to provide incentives to achieve a breakthrough in investment attraction.

The province aims to offer equal incentives for all investors and enterprises while revoking investment licenses from inefficient projects, the local leader said.

The Chairman also called on the electricity sector to improve the power network infrastructure in industrial parks and complexes to ensure sufficient supply for their operation.

Detailed incentives are needed to lure investment in waste treatment and the environment, Linh underscored.

The province has offered incentives in terms of land, infrastructure to draw investment in local industrial parks.

The province is now home to 161 projects, including 46 foreign investment projects with a combined capital of 211.5 million USD and 115 domestic ones with a total registered capital exceeding 5.6 trillion VND (250 million USD).

This year, 564 new enterprises have been established, worth more than 2 trillion VND (91.5 million USD), up 28.5 percent from the same period last year.

The figure raised the total local enterprises to 4,782, capitalising at 20.74 trillion VND (926 million USD), 53 percent of which are foreign investment companies.

Together, the enterprises contributed some 440 billion VND (19.36 million USD) to the State budget, an year-on-year increase of 16.9 percent, and created jobs for more than 75,000 labourers with an average monthly payment of 5 million VND (223 USD).-VNA