Bac Giang steps up investment promotion

Bac Giang (VNA) – The northern province of Bac Giang will take drastic measures from now until the end of this year to lure more investments.

Chairman of the provincial People’s Committee Nguyen Van Linh recently asked local departments and sectors to hasten administrative procedures to attract both domestic and foreign investors to the locality.

The Department of Planning and Investment was asked to study new policies on investment attraction, and propose measures to increase the quality of projects.

The management board of industrial zones was directed to strengthen responsibility and urge investors to speed up construction on industrial zone infrastructure, and work with districts in ground clearance to create favourable conditions for investors.

Linh also asked the Department of Construction to work with Bac Giang city and districts to inspect and supervise the granting of construction licenses, enhance its responsibility of managing construction order and solve violations.

In the first two months of 2018, Bac Giang attracted 40 domestic-invested projects with total registered capital of 498 billion VND (21.8 million USD) and 15 foreign-invested ones worth 30 million USD. More 121.3 million USD was also poured into eight existing projects in the period.

Currently, there are 1,400 projects in the locality, of which 1,062 projects worth more than 78.7 trillion VND are invested by domestic businesses and 338 are foreign direct investment projects worth more than 3.9 trillion USD.-VNA