A foreign-invested electronic factory in Yen Phong industrial park, Bac Ninh province (Source: VNA)

Bac Ninh (VNA) – Authorities in the northern province of Bac Ninh licenced 92 new foreign-funded projects worth 206.58 million USD in the first half of 2018, up 3.29 percent from the same period last year.

The province also allowed 45 existing FDI projects to add 211.11 million USD to their capital.

Head of the provincial Department of Planning and Investment Nguyen Dinh Xuan attributed the results to the province’s efforts in building a favourable business climate, which has supported investors in research, technology transfer, and land clearance. The investors were also facilitated to collaborate with universities and vocational centres to meet their demand of human resources.

Xuan said the province held three dialogues between authorities and enterprises during the period to help clear obstacles hindering their business.

By the end of June, Bac Ninh had licenced 1,228 FDI projects, with their capital amounting to about 16.66 billion USD. Of the total, 836 projects worth 15.5 billion USD were located in local industrial parks.-VNA