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Bac Ninh attracts over 2 billion USD in FDI

The northern province of Bac Ninh has so far this year attracted more than 2 billion USD in foreign direct investment (FDI), thanks to innovations and increased efficiency of investment promotion activities.
Bac Ninh attracts over 2 billion USD in FDI ảnh 1Employees of Deli Vietnam Co. Ltd. at Yen Phong Industrial Park in Bac Ninh province. (Photo: VNA)

Bac Ninh (VNA) – Thenorthern province of Bac Ninh has so far this year attracted more than 2 billion USD in foreigndirect investment (FDI), thanks toinnovations and increased efficiency of investment promotion activities.

The work in this effort includes dialogueswith companies and workers, honouring outstanding individuals and organisations in tax payment, and maintaining a quick response team to support enterprises.

So far this year, the provincehas licensed 124 projects with combined registered capital of 318.8 million USD,marking an increase of 7.8% in terms of the number of projects. Meanwhile, 118 projects were grantedcertificates for capital addition with a total of 1.67trillion USD, an increase of 8 folds.

Cumulatively,the province now has 1,799 valid FDI projects with a total registeredinvestment capital of more than 23.1 billion USD.

Also in the period under review, BacNinh has granted new investment registration for 49 domestic projects with a total registered capital of 16.211 trillion VND (677.01 million USD). Itgranted investment registration to adjust capital for 38 projects with an addition of 1.828 trillion VND. 

Thenumber of new domestic enterprises in the province this year is 2,443, up 15.5%,with a registered capital of 20.036 trillion VND.

Cumulatively,the province has 17,930 domestic enterprises with a total registered capital ofnearly 329.35 trillion VND.

Theprovince expects to attract 1.2 billion USD in FDI to its industrial parks in2023.

It commits to continue to accompany businesses, promoteadministrative reform and investment promotions, attract high-qualityinvestment in new industrial parks, attract and strongly develop industrieswith high efficiency and high technologies, increase the proportion ofprocessing, manufacturing and supporting industries, and reduce the proportionof outsourcing.

The province plans to accelerate the progress of siteclearance and complete the technical infrastructure of industrial parks like VietnamSingapore Industrial Park 2 (VSIP2), Yen Phong 2A, Yen Phong 2C, Thuan Thanh I,Gia Binh, Gia Binh II and industrial clusters. 

It hopes to further attract foreign-invested enterprises, especially large onesthat will create a driving force for the province’s economic development andplay a leading role in supporting enterprises, and domestic small and mediumenterprises when they join the supply chain./.

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