Bac Giang seeks to facilitate foreign investment

Illustrative image (Photo: VNA)

Bac Giang (VNA) – Authorities from the northern province of Bac Giang and foreign investors gathered at a meeting to seek ways to promote investment on September 29. 

Deputy Director General of New Hope Company Lam Khoa Dat highlighted the potential of the province, such as favourable location, numerous land and tax incentives, and a large workforce. 

Nguyen Thi Thu Trang from the China-funded Cam Lam Viet Nam JSC in Dai Lam Industrial Park in Lam Giang district complained of a lack of infrastructure and administrative procedures for foreign workers residing in the province. 

Participants suggested Bac Giang upgrade the power grid and roads to aid enterprises and simplify administrative procedures for foreign workers. 

Areas should be zoned off for agricultural and industrial development, according to local enterprises. 

Chairman of the provincial People’s Committee Nguyen Van Linh said the province has assigned management boards of local industrial parks to grant licenses for foreign workers. 

A hotline at 19006118 and an email address at duongdaynong@bacgiang.gov.vn have been launched from August 1 to better communicate with local firms. 

A provincial centre for public administration began operation in early September to support local investors, Linh said. 

He also called on enterprises to cooperate with local vocational training institutions in training as well as job placement. 

He expressed his hope that they will use logistic services provided by the International Logistics Centre to be set up in Bac Giang city. 

He urged local investors to work with the locality to protect the environment. 

Bac Giang is home to 250 valid foreign direct investment (FDI) projects, with a total capital exceeding 2.94 billion USD. 

In the first half of this year, they earned 22.58 trillion VND (1.01 billion USD) and exported 1.12 billion USD worth of products, accounting for 71.9 percent and 80.1 percent of the province’s industrial production value, and export value, respectively. 

They contributed 210 billion VND (9.45 million USD) to the State budget. 

During the conference, the local leader presented a certificate of investment license to build the International Logistics Centre on 71 hectares, worth nearly 4.2 trillion VND (188.73 million USD).-VNA