The mobile phone factory of Samsung Electronics Vietnam in Yen Phong Industrial Park, Bac Ninh province (Photo: VNA)

Bac Ninh (VNA) – About 130.29 million USD of foreign direct investment (FDI) has been poured into new and existing projects in the northern province of Bac Ninh since the beginning of 2018.

Of the total capital, 91.69 million USD has been channelled into 21 new projects while the remaining has been added to 35 existing ones, according to the Bac Ninh Industrial Zones Authority.

The authority noted the businesses with new investment mainly operate in the processing and manufacturing sectors.

It said the province has been working to boost the application of high technology in local industries, develop supporting industries to serve key sectors, and connect Bac Ninh businesses with FDI firms. 

The provincial administration has also held regular meetings with enterprises to remove difficulties, thus promoting investment attraction in industrial parks and clusters. A business support team was also set up to immediately address problems facing companies whenever it receives information.

Meanwhile, the province has overhauled relevant mechanisms and simplified administrative procedures in the fields with many problems arising such as land, construction, labour and customs so as to create the best possible conditions for businesses.

So far, the authority has granted 1,228 investment certificates, 810 of which to FDI companies, with total new and additional capital of over 16.75 billion USD, including more than 14.8 billion USD of FDI projects.

Bac Ninh, an industrial centre of Vietnam, is part of the northern key economic region, which also includes Hanoi, Hai Phong city and Quang Ninh, Hai Duong, Hung Yen and Vinh Phuc provinces.-VNA