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Chinese group eyes factory in Bac Giang

The Lenovo Group from China has expressed its desire to develop a computer component manufacturing factory in the northern province of Bac Giang during a recent meeting with local authorities.
Chinese group eyes factory in Bac Giang ảnh 1Illustrative image (Source: Internet)

Bac Giang (VNA) - The LenovoGroup from China has expressed its desire to develop a computer componentmanufacturing factory in the northern province of Bac Giang during a recentmeeting with local authorities.

The company would need 20-30ha of land for the factory’s development. Productsmade will be used for export to the US, the provincial portal reports.

During the meeting, the company’s representatives also studied Bac Giang’spolicies, the provincial administrative procedures and incentives forinvestors, as well as its personnel resources.

Chairman of the Bac Giang People’s Committee Nguyen Van Linh briefed thecompany on the locality’s advantages and potential and its socio-economicdevelopment situation.

According to Linh, the significant growth of the industrial sector helped hisprovince rank third among localities nationwide in terms of economic growth in2018.

He also encouraged the Chinese group to invest in his province.

In 2018, Bac Giang granted investment licences to 107 domestically-investedprojects with total registered capital of 1.92 trillion VND (82.4 million USD)and 63 foreign-invested ones valued at 166 million USD.

It also allowed 50 existing projects to add 336 million USD to theirinvestments.

This year, the province will continue improving the investment climate whilestrengthening support and handling obstacles for enterprises and investors toboost the production and business development and facilitate investmentattraction.

Top priority for investment attraction will be given to transportinfrastructure, energy, the development of industrial parks and clusters, keyurban areas, and social infrastructure projects which are suited to theprovincial socio-economic development plan.

The province will also welcome investment in supporting industries,hi-tech farming and production and investment in preservation and deepprocessing of farm produce for domestic consumption and export orientation toincrease added value.

It has set a target of luring 1-1.2 billion USD in investment by the end of theyear.-VNA
VNA
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