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.

By October 31, the province attracted 81 domestic investment projects valued at more than 4,704 billion VND (220 million USD), up 65.3 percent year-on-year in project number and 93 percent in registered capital; while foreign investment projects numbered 33 with total capital of 171 million 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 ten months of this year, an increase of 26 percent compared to the same period last year.

In the same period, the province licensed the establishment of 399 businesses, a drop of 7.9 percent on a yearly basis, bringing the total number of operational businesses in the 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