Deputy Prime Minister Hoang Trung Hai on March 27 confirmed that the Government will continue focusing on administrative reform and creating the optimal environment for businesses to invest in Vietnam and Bac Ninh in particular.
He made the confirmation during his working session with the Vietnam-Singapore Industrial Park (VSIP) Group in the northern province of Bac Ninh.
The construction of the 169 million USD park, part of the group’s five projects, was kick-started in 2007 on an area of 700 ha, housing urban and industrial zones.
The park has persuaded 50 large companies, such as Nokia, PepsiCo and Foster, to invest in the space. Money poured into the project currently exceeds one billion USD, mainly from foreign direct investment (FDI) businesses.
As of March 2014, it has generated jobs for 17,000 workers, which is expected to increase to 20,000 by the end of this year.
It moves to draw more foreign investment from the Republic of Korea and Europe in urban development and improving services.
Deputy PM Hai asked the VSIP Group to push ahead with measures on urban development and building houses for workers while local authorities should continue accompanying investors and facilitating their operation.
The first VSIP was established in 1996 in the southern province of Binh Duong. Similar parks are also set up in the northern port city of Hai Phong and the central province of Quang Ngai.
The six billion USD VSIPs have attracted nearly 490 investors from 25 nations and territories, and generated jobs for over 140,000 labourers nationwide.-VNA
He made the confirmation during his working session with the Vietnam-Singapore Industrial Park (VSIP) Group in the northern province of Bac Ninh.
The construction of the 169 million USD park, part of the group’s five projects, was kick-started in 2007 on an area of 700 ha, housing urban and industrial zones.
The park has persuaded 50 large companies, such as Nokia, PepsiCo and Foster, to invest in the space. Money poured into the project currently exceeds one billion USD, mainly from foreign direct investment (FDI) businesses.
As of March 2014, it has generated jobs for 17,000 workers, which is expected to increase to 20,000 by the end of this year.
It moves to draw more foreign investment from the Republic of Korea and Europe in urban development and improving services.
Deputy PM Hai asked the VSIP Group to push ahead with measures on urban development and building houses for workers while local authorities should continue accompanying investors and facilitating their operation.
The first VSIP was established in 1996 in the southern province of Binh Duong. Similar parks are also set up in the northern port city of Hai Phong and the central province of Quang Ngai.
The six billion USD VSIPs have attracted nearly 490 investors from 25 nations and territories, and generated jobs for over 140,000 labourers nationwide.-VNA
