Bac Giang eyes 1 billion USD in investment in 2020

The northern province of Bac Giang set a target of attracting 1 billion USD in both newly-registered and additional investment in 2020, Director of the provincial Department of Planning and Investment Trinh Huu Thang has said.
Bac Giang eyes 1 billion USD in investment in 2020 ảnh 1Employees work at JA Solar Vietnam, Hong Kong-invested company, in Quang Chau industrial zone of Bac Giang (Source: VNA)

Bac Giang (VNA) – The northern province of BacGiang set a target of attracting 1 billion USD in both newly-registered andadditional investment in 2020, Director of the provincial Department ofPlanning and Investment Trinh Huu Thang has said.

In the industrial field, the province gives the priority toluring investment in Quang Chau and Hoa Phu industrial zones and industrialclusters of Bac Giang city and Viet Yen, Yen Dung, Luc Nam, Lang Giang, Tan Yenand Hiep Hoa districts, and in the fields of mechanical engineering,manufacturing, electronics, power generation, garment and textiles and supportindustry.

In trade and services, Bac Giang is focusing on attractinginvestment in urban areas, commercial centres, luxury hotels and resortprojects, particularly in Lang Giang, Luc Ngan and Luc Nam district, Thangstated.

Attention will be paid to drawing investment in tourist siteprojects such as Suoi Mo (Mo Spring) in Luc Nam, Cam Son and Khuon Than Lakesin Luc Ngan, Nham Bien Mountain in Yen Dung, and several golf courses.

In the agricultural sector, the locality is encouraging thedevelopment of preservation, deep processing, fine processing and hi-techprocessing in order to increase the added value of agro-forestry-fisheryproducts, and investing in waste, wastewater and carbon emission treatment toprotect the environment.

To achieve the target, Thang said that Bac Giang willcontinue improving its business and investment environment, stepping upadministrative procedure reform, implementing policies to encourage enterprisesto pour capital into the locality, and supporting investors and businesses toremove difficulties in carrying out their projects.

At the same time, the province is focusing resources ontransport infrastructure and infrastructure at industrial zones, especiallyQuang Chau, Van Trung and Hoa Phu, he added.

Statistics show that since the beginning of this year, BacGiang has approved investment plans and granted investment licences for 17projects, including 10 domestically-invested projects worth 302 billion VND (13million USD) and seven foreign-invested ones totalling 69.5 million USD. Inaddition, 142 billion VND was added to two existing domestic projects and 73.1million USD to six ongoing FDI ones.

To date, the province has had 1,242 domestic projects with atotal registered capital of 84.4 trillion VND and 451 FDI projects worth over5.8 billion USD./.
VNA

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