Twenty-one foreign direct investment (FDI) projects have been granted licences by the management board of industrial zones (IZs) in the north-east province of Bac Giang since the beginning of 2014, with a total capital of close to 193 million USD.

So far, a total of 102 FDI projects have been licensed in the province’s IZs, valued at 1.8 billion USD, not to mention nearly 4.33 trillion VND (204.7 million USD) worth of investment by domestic companies.

IZ-based investors both domestic and foreign disbursed an estimated 2.75 trillion VND (130.9 million USD) in the January-September period, up 58 percent from the same period last year.

Since the beginning of 2014, the management board has developed plans to promote investments; coordinated with agencies, organisations and businesses to call for investment projects; and monitored progress in accordance with agreements.

The management board is also cooperating with local government to help investors resolve any issues arising and speed up the implementation process.

Van Trung industrial zone alone has so far rented out 23ha of land to 11 businesses thanks to good infrastructure, including roads, street lights and a water supply system with a capacity of 2,000m3 per day and night.

Meanwhile, 14 businesses have leased 73.4 ha of land in the Quang Chau IZ.

According to the director of the management board Nguyen Anh Quyen, businesses in industrial zones provide jobs for 39,000 workers, including 30,000 local residents, with an average per capita income of 4 million VND per month.-VNA