Bac Giang aims to draw 2 billion USD in investment this year

The northern province of Bac Giang is working out measures in an effort to attract 2 billion USD in domestic and foreign investment in 2018.

Wednesday, May 16, 2018 22:06

Bac Giang aims to draw 2 billion USD in investment this year ảnh 1

An overview of Bac Giang province (Photo: VNA)

Bac Giang (VNA) – The northern provinceof Bac Giang is working out measures in an effort to attract 2 billion USD indomestic and foreign investment in 2018.

Priority will be given to projects in the fieldsof transport, energy, key urban area development, supporting technology forgarment-textile and footwear sectors, hi-tech industry, spare parts, hi-techagriculture, and farm produce preservation and processing.

The province will also focus on developingvarious forms of tourism such as spiritual tourism, eco-tourism, and resorttourism with hi-end hotels.

To realise the target, the local authoritieshave requested investors of industrial parks to speed up the completion oftechnical infrastructure.

The province is accelerating the compensationpayment for land clearance at Hoa Phu industrial park and selecting investors tobuild infrastructure at Vietnam-Korea industrial park.

It also askedthe Embassies of Japan and the Republic of Korea along with the JapaneseChamber of Commerce and Industry in Vietnam, Japan External Trade Organisation,Korea Chamber of Commerce and Industry, and Korea Chamber of Business inVietnam to organise annual meetings with investors in Bac Giang to help remove theirdifficulties.

This year, Bac Giang will pay more attention tosetting up a list of investment projects and disseminating policies,opportunities and potential to make investment in the province in addition topromoting investment cooperation activities and increasing support forbusinesses while carrying out projects.

In the first four months of 2018, Bac Giang licensed77 newly-registered and capital-added projects with total capital of over 206million USD. They included 43 domestic ones with registered capital of morethan 620 billion VND and 22 foreign-invested ones worth over 42 million USD.

Since 2017, the province has attracted moremajor investment projects including An Khanh thermal power plant, DNP cleanwater supply plant, infrastructure investment at Lam Son industrial cluster,Khai Hoang plastic plant, establishment of Lens Technology Co., Ltd., andsocial housing construction for workers at Van Trung industrial park.-VNA

VNA

#investment #foreign investors #businesses #transport #energy #key urban area development #supporting technology #garment-textile #footwear #hi-tech industry #spare parts #hi-tech agriculture #spiritual tourism #eco-tourism #infrastructure #industrial parks #Japan #the Republic of Korea #Vietnamplus #Vietnam News Agency Bac Giang

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