Bac Ninh: FDI hits 337 million USD in H1

A Samsung factory in Bac Ninh province. (Source: VNA)

Bac Ninh (VNA) – The northern province of Bac Ninh has granted investment certificates to 67 new foreign direct investment (FDI) projects with a combined capital of 337 million USD since the beginning of 2016.

According to figures from the province’s Department of Planning and Investment, the Republic of Korea is the top investor with 50 projects worth 246 million USD, followed by Japan with four projects worth a total of 35 million USD.

The province also granted business certificates to 567 local enterprises with a total capital of 3,487 billion VND (153 million USD), bringing the total number of businesses registered under the Enterprise Law to 7,798 with a combined capital of 107,580 billion VND (4.7 billion USD).

In terms of FDI enterprises, until now Bac Ninh had 864 registered projects with a combined capital of 11.9 billion USD, of which 707 projects are operational, providing jobs to more than 180,000 labourers.-VNA