Bac Ninh ranks third in foreign investment attraction in Q1
The northern province of Bac Ninh attracted more than 565 million in foreign investment in the first quarter of 2023, ranking third among localities nationwide, according to the provincial People's Committee.
Gia Binh II Industrial Zone in Bac Ninh province. (Photo dangcongsan.vn)Bac Ninh (VNA) - The northern province of Bac Ninh
attracted more than 565 million in foreign investment in the first quarter of
2023, ranking third among localities nationwide, according to the
provincial People's Committee.
In the reviewed period, the province granted licences to 55 new projects, worth 481 million USD, which doubled the number of projects seen in the same period last year and marked a year-on-year increase of 8.5 times in terms of capital.
It also allowed 31 operating projects to raise their capital by more than 83 million USD.
Along with foreign-invested projects, the province also licensed six new domestically-funded ones with capital totalling 1.27 trillion VND (54.3 million USD). The province is now home to 1,534 valid domestically-invested projects capitalised at over 253.8 trillion VND.
Vice Chairman of the provincial People’s Committee Ngo Tan Phuong said the province would continue to implement solutions to support foreign and domestic businesses.
It would focus on accelerating site clearance, investing in infrastructure construction of industrial zones and clusters, and fostering investment promotion.
Along with that, the province would develop high-tech industries, and smart manufacturing, and anticipate a new wave of investment in semiconductors and chips; 5G and 6G technology, energy batteries, and ecological agricultural production./.
In the reviewed period, the province granted licences to 55 new projects, worth 481 million USD, which doubled the number of projects seen in the same period last year and marked a year-on-year increase of 8.5 times in terms of capital.
It also allowed 31 operating projects to raise their capital by more than 83 million USD.
Along with foreign-invested projects, the province also licensed six new domestically-funded ones with capital totalling 1.27 trillion VND (54.3 million USD). The province is now home to 1,534 valid domestically-invested projects capitalised at over 253.8 trillion VND.
Vice Chairman of the provincial People’s Committee Ngo Tan Phuong said the province would continue to implement solutions to support foreign and domestic businesses.
It would focus on accelerating site clearance, investing in infrastructure construction of industrial zones and clusters, and fostering investment promotion.
Along with that, the province would develop high-tech industries, and smart manufacturing, and anticipate a new wave of investment in semiconductors and chips; 5G and 6G technology, energy batteries, and ecological agricultural production./.
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