A Samsung's mobile phone production line in Bac Ninh (Source: VNA)Bac Ninh (VNA) – Bac Ninh province, about 60km northof Hanoi, handed over investment licenses and signed land-use contracts withmany domestic and foreign investors right on the first days of 2019, accordingto local authorities.
Besides, many investors doing business in the province, oneof the key destinations in the north have registered to increase their capital,they said, adding registered capital of the investment projects amounts tohundreds of millions of USD and the investors pledged to start their work soon.
They described this as a positive sign in the province’sattraction of investment for 2019, attributing it to the supportive mechanismand policies worked out by the locality. Investment is prioritized to supportindustry and domestic small- and medium-sized enterprises.
The improvement of the infrastructure also has its role toplay in the province’s investment attraction, authorities said, stressing thatthey will intensify the administrative procedure reform, and investmentpromotion.
In 2018 alone, Bac Ninh attracted a combined investment of28 trillion VND (over 1.2 billion USD) and more than 1.24 billion USD whichhelped bring the province’s industrial production value to more than 1,100 trillionVND and export value to 34.85 billion USD.
For the time to come, the province will focus its efforts onattracting investment to qualitative projects which can save resources andenergy, use high technology, be environment friendly and yield high income.-VNA
VNA
