The northern province of Bac Giang will carry out drastic measures in the hope of attracting around 9.5 trillion VND (446.5 million USD) in both domestic and foreign investments in 2015.
According to Vice Chairman of the provincial People’s Committee Lai Thanh Son, the locality will intensify State management and inspection over investment projects in order to address difficulties facing businesses and detect and punish violation cases.
It will speed up law popularisation activities to raise public awareness of taking back land for economic development so as to create a consensus between the political system and locals on land clearance and compensation.
In addition to measures to reform administrative procedures and improve business and investment climate, Bac Giang will focus on adjusting development planning of industrial clusters, including the consideration of the establishment of several industrial zones in rural areas.
Attention will be also paid to upgrading transport infrastructure and coordinating in a project on the construction of a highway connecting Hanoi capital and the northern mountainous province of Lang Son via Bac Giang, Son added.
So far this year, Bac Giang has attracted 139 projects, of which 97 projects worth 4.98 trillion VND (234.06 million USD) are implemented by domestic investors, up 106.4 percent in number and 110.5 percent in registered capital against the previous year. Foreigners pour capital into 42 projects with a combined investment of 187 million USD, up 27.7 percent in number and 23 percent in capital.-VNA
According to Vice Chairman of the provincial People’s Committee Lai Thanh Son, the locality will intensify State management and inspection over investment projects in order to address difficulties facing businesses and detect and punish violation cases.
It will speed up law popularisation activities to raise public awareness of taking back land for economic development so as to create a consensus between the political system and locals on land clearance and compensation.
In addition to measures to reform administrative procedures and improve business and investment climate, Bac Giang will focus on adjusting development planning of industrial clusters, including the consideration of the establishment of several industrial zones in rural areas.
Attention will be also paid to upgrading transport infrastructure and coordinating in a project on the construction of a highway connecting Hanoi capital and the northern mountainous province of Lang Son via Bac Giang, Son added.
So far this year, Bac Giang has attracted 139 projects, of which 97 projects worth 4.98 trillion VND (234.06 million USD) are implemented by domestic investors, up 106.4 percent in number and 110.5 percent in registered capital against the previous year. Foreigners pour capital into 42 projects with a combined investment of 187 million USD, up 27.7 percent in number and 23 percent in capital.-VNA
