Society

Bac Giang moves to lure more investments

The northern province of Bac Giang is taking numerous drastic measures to attract more investments as its potential has yet to be tapped fully.
The northern province of Bac Giang is taking numerous drastic measuresto attract more investments as its potential has yet to be tapped fully.

According to Director of the provincial Departmentof Planning and Investment Trinh Huu Thang, a steering board will beset up in order to untie existing knots in the field.

Apart from intensifying investment promotion programmes and speedingup administrative procedure reform, local authorities have beenrequested to actively support investors in land clearance and basicinfrastructure construction.

They are asked tocontinue proactively consulting the People’s Committee about theapplication of Party, State and Government policies and mechanisms inline with local conditions so as to win confidence of investors, Thangsaid, stressing that there’s nothing better than the investors’ goodcomments on the province’s investment climate.

BacGiang will also speed up activities to improve its competitiveness andincrease its connection with central ministries and sectors and otherlocalities in the region, as well as providing full information forinvestors through meetings and on the Internet.

BacGiang has to date attracted over 800 projects, of which 167 projects arelocated in industrial zones with a total registered capital of morethan 2 billion USD. Meanwhile, 668 projects worth nearly 2 billion USDare located outside the industrial zones.

Localitiesreceiving big investments include Bac Giang city, Lang Giang, Yen Dungand Hiep Hoa districts. Large-scale projects can be named as the one tobuild a golf course and services complex and a garment plant in TienDung, or another one to build an electronic components factory in HiepHoa.

Pham Hong Minh, manager of the Muong Thanh BacGiang hotel project, said that since its construction began in September2013, the project has received much attention from authorities atvarious levels, making it the leader in terms of construction tempoamong projects implemented across the nation by the Muong Thanh group.-VNA
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