Bac Ninh licenses 148 new projects hinh anh 1Illustrative image (Source:
Bac Ninh (VNA) - So far this year, authorities of the northern province of Bac Ninh have licensed 148 new investment projects worth 376.154 million USD.

The province also allowed 94 existing projects to increase their capital by over 652.1 million USD and revoked 17 projects with a combined investment capital of more than 153 million USD.

At present, as many as 1,275 foreign-invested projects from 32 countries and territories are operating in Bac Ninh.

In July alone, the province issued new investment registration certificates for 20 FDI projects with a total registered capital of more than 120.5 million USD, and allowed nine projects to increase capital totalling 62.6 million USD.

Foreign investors poured their money into 13 out of the 21 sectors in Bac Ninh.

The processing and manufacturing industry attracted the largest amount of foreign investment, with 902 projects worth over 15 billion USD, accounting for 93.5 percent of the total investment in the locality.

It is followed by the fields of real estate and construction, and warehouse transportation.

Large investment projects of Bac Ninh include the ultra-clear laminated glass factory project in Yen Phong Industrial Park, a film and membrane production plant in Que Vo III Industrial Park and Lotte Cinema Bac Ninh.

Local authorities have focused on promoting the economic restructuring, and devised policies to attract more FDI to hi-tech sectors and products which create high added values.-VNA