Bac Giang moves to attract more investment from RoK
According to Vice Chairman of
the provincial People’s Committee Phan The Tuan, the RoK now ranks first in the number of FDI projects and ranks second in terms of registered investment
capital among countries and territories. RoK
enterprises accounted for about 25% of the total industrial production value of the FDI sector in the province, 30% of import-export value and 21.3% of the budget contribution,
he said.
Provincial leaders and heads
of departments and agencies have coordinated with international organisations
in Vietnam and Vietnamese representative agencies abroad through information
exchange and investment promotion including the Korea Trade Promotion Agency
(KOTRA) to introduce Bac Giang's potential and call for investment in the
locality.
The province has issued a
Green Growth Action Plan for the 2021-2030 period with the goal of developing
important economic clusters towards increasing production and use of renewable
energy, improving efficiency, and using energy sources economically.
It has focused on investing
in developing industries that help solve environmental problems, contributing
to promoting economic restructuring, associated with innovating growth models
to achieve sustainable development goals, Tuan said. Building a
smart urban model is considered one of the key solutions that creates
motivation to promote socio-economic development in the province, he said.
The official said he hoped that cooperation between Bac Giang province and RoK partners, who have practical
experience in developing smart urban, green growth and investment, will be fostered
in the coming time, bringing benefits to both sides.
Bac Giang attracted 2.2 billion USD in FDI in the first 10 months of 2023, a two-fold rise from the same period last year./.