Bac Giang attracts over 40 investment projects in Q1
According to the provincial Department of Planning and Investment, the large-scale projects include a 40.5 million USD factory specialising in granite tiles and a 30 million USD electronic headphone production plant.
In the second quarter of this year, the locality will continue improving its business climate to lure more investment through addressing difficulties related to land clearance.
The province also plans to ask the Government to approve the establishment of the Chau Minh-Mai Dinh Industrial Park while working with investors to accelerate infrastructure construction in the Van Trung, Quang Chau and Dong Khe-Noi Hoang industrial parks.
Investment promotion activities will also be intensified, targeting potential markets such as Japan, the Republic of Korea (RoK) and Taiwan (China) and giving priority to processing, manufacturing and high-tech projects.
Bac Giang is calling for investment in shopping-service centres, commercial housing and tourism sites in Bac Giang city and Viet Yen, Lang Giang and Son Dong districts.
Projects in agriculture are also being encouraged, focusing on industrial-oriented cattle, poultry breeding and medicinal plant and mushroom growing in Son Dong, Yen Dung and Lang Giang districts and poultry breeding in Tan Yen, Yen The, Hiep Hoa and Luc Ngan districts.
Bac Giang has thus far registered 871 investment projects with a total capital of over 4.2 billion USD.
Among 10 countries and territories investing in the locality, the RoK has the largest contribution with 90 projects.
As many as 130 foreign-invested projects are operating in the province, creating jobs for nearly 65,000 employees. In the last quarter, industrial production value by the foreign investment sector reached 7.9 trillion VND (371 million USD), an annual rise of 16.9 percent.
