Many FDI projects with huge capital

Dao Xuan Cuong, Head of the provincial Industrial Park Management Board (IPMB) said Hana Micron Vina Plant in Van Trung industrial park (Viet Yen district) is a big investment project of Korean Hana Micron Vina Company Limited in the province to manufacture integrated circuits for cellphone and smart electronic devices.

The production line of New Wing Interconnect Technology Company Limited in Van Trung industrial park.

The project was implemented in 2019 in total area of nearly 25,000 square meters and entered operational stage with total registered capital of 60 million USD. After over one year, in late 2021, Hana Micron Vina Company Limited decided to add more 291 million USD to expand the production, invest in hi-tech production line to increase total investment of the project up to 351 million USD in total area of nearly 66,000 square meters.

Similarly, after operating at Quang Chau and Van Trung industrial parks (Viet Yen district), in late 2020, Luxshare-ICT Vietnam Co.,Ltd added more 84 million USD to expand the production scale, fabricate electronic equipment and component at Quang Chau industrial park with total hired land of over 64,000 square meters and investment capital of 174 million USD.

Apart from expanded projects, there is newly invested project to the province such as Fukang Technology Plant of Foxconn Singapore Pte.,Ltd (total registered investment of 453 million USD in Quang Chau industrial park) which is under implementation and put in operation within this year.

Moreover, within the framework of the President Nguyen Xuan Phuc’s official visit to Singapore, Chairman of the provincial People’s Committee Le Anh Duong attended Vietnam – Singapore Business Dialogue and handed over the memorandum of understanding together with certificate of investment to several Singaporean investors with total capital of nearly 3.6 billion USD, including CapitaLand Group (one billion USD), two companies under Mable Tree Group namely Bac Giang Logistic Park 1 Co.,Ltd (Vietnam) (over 47 million USD) and Bac Giang Logistic Park 2 Co.,Ltd (Vietnam) (over 50 million USD).

The projects are scheduled to start this year to contribute to accelerating the provincial industrial development.

Facilitating big project attraction

According to the IPMB, there are 412 investment projects in the industrial parks, including 316 foreign direct investment (FDI) ones with total registered capital of over 6.7 billion USD mostly by Chinese, Hong Kong, Korean, Singaporean investors among others. The operational FDI projects help create job to more than 100,000 labours and contribute about one trillion VND to the budget every year.

Quang Chau industrial park is expanded to lure big investors.

Defining the meaning and importance, recently the provincial People’s Committee has directed to renovate and improve the investment environment to ensure safety, attraction to lure big projects, establish positive and cooperative business and investment environment toward mutual development between the province and strategic investors.

Vice Director of Department of Planning and Investment Nguyen Cuong said to enhance the investment attraction quality, the province persists to sustainable development attraction. Accordingly, Bac Giang lures investment under selection with priority taken to projects which are friendly to environment, have advanced and clean technology with modern management, high added value, widespread impact, deep connection to global production and supply chain.

The investment projects must comply with “two less, three high” criteria, that means using less land and labour, high investment capital, high contribution to budget and high technology.

Together with these above mentioned solution, the province arranges huge capital source to develop the infrastructure of traffic, industrial park and clusters while assisting to conduct site work for projects.

To ensure the land fund to lure big projects, in Bac Giang provincial Planning in the period 2021 – 2030 with the vision to 2050, the province plans to build 29 industrial parks with 7,000 ha of land, 63 industrial clusters with over 3,000 ha of land by 2030.

Recently, local authority has ordered relevant agencies and districts to accelerate land clearance progress for newly established and expanded industrial parks while enhancing to train qualified human resource to timely supply to enterprises who pour money to local projects.

Bringing Bac Giang - Singapore investment cooperation to new height

(BGO) – A delegation from the Singapore Embassy in Vietnam led by Ambassador Raya Ratnam paid a working visit to Bac Giang province on April 13.

RoK enterprises lead in number of investment projects in Bac Giang

(BGO) - In the past 5 years, Bac Giang has always been in the top 10 provinces and cities in the country in terms of foreign direct investment (FDI) attraction, showing that it is an attractive destination for many large businesses and corporations. Continuing to identify industry as the main driving force for development, Bac Giang promotes FDI attraction, including capital from the Republic of Korea (RoK).

Bac Giang welcomes investment wave from Singapore

(BGO) - With 16 FDI projects with a total registered capital of about 903 million USD, Singapore currently ranks 5th in terms of total registered capital and sixth in the number of projects among 25 countries and territories investing in the province. Identifying this as a potential and effective partner, in the coming time, Bac Giang province will continue to implement many solutions to welcome the investment wave from this country.

Bac Giang attracts 11 investment projects in first three months

(BGO) – Since early this year, Bac Giang province has attracted 310.52 million USD (accounting for 44.45 percent year on year) including six new domestic projects with registered capital of 324.9 billion VND or 14.3 million USD (42.28 percent), five foreign direct investment (FDI) projects with registered capital of 102.7 million USD (18 percent) and 11 adjusted FDI projects with added capital up to 193.7 million USD (3.2 folds increase).

Bac Giang shares experiences in investment attraction and building provincial master plan

(BGO) - The working delegation of Hau Giang province on March 19 headed by Nghiem Xuan Thanh, member of the Central Party Committee, Secretary of the provincial Party Committee paid a working visit to Bac Giang province on investment promotion and attraction and building the provincial master plan.