Bac Giang aims for high value-added investment

The northern province of Bac Giang has made a point of giving priority to environmentally friendly investment projects and those of high added value in 2014.
The northern province of Bac Giang has made a point of giving priority to environmentally friendly investment projects and those of high added value in 2014.

The province will accelerate efforts to put good infrastructure in place and make land available to attract investors, while continuing to address problems and assist investors in implementing their projects.

At the same time, the State management of investment projects will be tightened with the aim of eliminating ineffective and delayed schemes.

In 2013, Bac Giang attracted a total of 80 investment projects valued at more than 266 million USD, up 13.6 percent in terms of project numbers and 41 percent in registered capital. They include several large-scale investments such as the Big C trade centre, the Muong Thanh hotel complex and the Fuji industrial zone for support industries.

The province has so far licensed more than 700 investment projects, both domestic and foreign, which have a combined registered capital of nearly 3.8 billion USD. Of them, 430 projects are operational, employing 155,000 local workers. However, 43 projects have been delayed for a long time, 11 of which had their licences withdrawn this year.-VNA

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