Business

Bac Giang sees strong growth in domestic investment

The inflows of investment into the northern province of Bac Giang since the beginning of this year have recorded a strong growth in terms of both project number and registered capital.
The inflows of investment into the northern province of Bac Giangsince the beginning of this year have recorded a strong growth in termsof both project number and registered capital.

By October 31, the province attracted 81 domestic investment projectsvalued at more than 4,704 billion VND (220 million USD), up 65.3 percentyear-on-year in project number and 93 percent in registered capital;while foreign investment projects numbered 33 with total capital of 171million USD, up 12.5 percent.

Local industrial parks attracted 24 foreign-invested projects with a combined registered capital of 162 million USD.

Foreign-invested projects disbursed 220 million USD in the first tenmonths of this year, an increase of 26 percent compared to the sameperiod last year.

In the same period, the provincelicensed the establishment of 399 businesses, a drop of 7.9 percent on ayearly basis, bringing the total number of operational businesses inthe locality to 4,337. Of them, 4,319 are in the private sector,employing more than 65,000 local workers.

About 1,500 businesses reported making profit this year.-VNA
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