Bac Ninh’s new FDI projects increase more than three-fold
By October 20, the northern province of Bac Ninh granted licences to 308 new foreign direct investment (FDI) projects, worth more than 908 million USD, an increase of 3.14 times compared to the number of projects recorded in the same period last year.
Production of headphones and speakers at Foster Electric Bac Ninh Co.Ltd, a FDI enterprise in VSIP Bac Ninh Industrial Zone (Photo: VNA)
Bac Ninh (VNA) – By October 20, the northernprovince of Bac Ninh granted licences to 308 new foreign direct investment (FDI)projects, worth more than 908 million USD, an increase of 3.14 times compared to the number of projects recorded inthe same period last year.
♛ The amount of capital rose 5.1 times year-on-year.
Meanwhile, 127 projects were given permission forcapital addition with a total of 471.4 million USD. Cumulatively, the province now has 2,075 valid FDI projects with a totalregistered investment capital of more than 24.6 billion USD. The above-mentioned result is attributable to the fact that Bac Ninh has worked to improve the effectiveness of promotion activities andcontinue to accompany businesses. The province has promoted external relations withmany countries, territories and localities to enhance its reputation. In particular, BacNinh has given special attention to removing difficulties for production and business of local enterprisesand people by established a "special working group" and five expertgroups to resolve problems and effectively support businesses, cooperatives,and business households in the locality. The province promotes administrative reform and improves the investmentenvironment in areas of its strengths, while giving priority to attracting investment in green and sustainable industrial development. Also in the reviewed period, Bac Ninh granted licences for 19 domestic investment projects with total registered capital of 4.44 trillion VND (181.7million USD). It also allowed 79 operating projects to raise their capital by250.4 billion VND.
The number of new enterprises established in the province so far thisyear is 2,897, up 33.8%, with a registered capital of 27.7 trillion VND.
ꦺ The province has 17,919 operating enterprises with a total registered capitalof nearly 349.49 trillion VND./.
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Production of headphones and speakers at Foster Electric Bac Ninh Co.Ltd, a FDI enterprise in VSIP Bac Ninh Industrial Zone (Photo: VNA) 
