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Bac Giang works to improve investment attraction

The northern province of Bac Giang will continue taking measures to improve the efficiency of investment attraction and better its business climate, according to Chairman of the provincial People’s Committee Nguyen Van Linh.
Bac Giang works to improve investment attraction ảnh 1A view of Bac Giang city (Source: //bacgiangcity.gov.vn)
Bac Giang (VNA) – The northern province of Bac Giang will continuetaking measures to improve the efficiency of investment attraction and betterits business climate, according to Chairman of the provincial People’sCommittee Nguyen Van Linh.

The province will issue policies to lure investment in several local touristsites during 2017-2020, he said.

Departments and People’s Committees of Bac Giang city and districts shouldreview land lots and actively make a list of locations with trade advantagesfor biddings to select investors in line with the Bidding Law, he added.

The province will increase inspection and review of projects which have gotinvestment licences so as to remove difficulties for investors while urgently detectingand handling violations and revoking projects with low investment.

The provincial leader stated that to improve the efficiency of investmentattraction and develop production and business activities, the People’sCommittees of Bac Giang city and districts need to focus on site clearancecompensation to speed up transport, urban and industrial zone infrastructure projects.

According to the provincial Department of Planning and Investment, Bac Giang hasso far this year licensed 79 domestic investment projects with total registeredcapital of over 1 trillion VND (45.8 million USD) and 42 foreign direct investment(FDI) projects valued at 127 million USD. It also allowed 32 FDI projects toadd nearly 314 million USD in capital.

The province is now home to 1,448 valid projects, including 1,088 domesticprojects worth 79.4 trillion VND (3.45 billion USD) and 358 foreign-investedprojects with total registered capital of over 4.18 billion USD.-VNA
VNA

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