Bắc giang
Bac Ninh leads nation in FDI attraction in nine months
Bac Ninh province continued topping the nation for foreign direct investment (FDI) influx with a total of over 4.2 billion USD during January-September on the back of its sound investment climate, modern infrastructure, and abundant labour force.
According to the provincial Department of Planning and Investment, foreign investors injected 1.56 billion USD in 339 projects in the industrial hub in the northern region, a year-on-year surge of 82.2% and 28.4%, respectively.
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A worker at Vietnam YUTO Printing Packing Co., LTD in Bac Ninh province. |
During the nine-month span, 147 FDI projects registered to adjust their investment capital with some 2.68 billion USD added.
In September alone, the locality granted investment licences to nine projects with registered capital totaling 57.8 million USD, including one realty project from Singapore worth 44.7 million USD.
To date, Bac Ninh is home to more than 2,400 valid FDI projects with a total value of 29.3 billion USD.
So far this year, local leaders had working sessions with many FDI firms, including Samsung Vietnam, Canon Vietnam, and Goertek Vina, to remove their bottlenecks while doing business there. They also receiving foreign diplomats and businesses from Azerbaijan, China, Germany, Japan, and China who came to seek investment and cooperation opportunities.
The northern province of Bac Giang will focus on attracting investment and creating breakthroughs in developing its service sector in the coming time.
SpaceX wants to invest US$1.5 billion in Vietnam, where it sees great potential for satellite Internet development.
A subsidiary of South Korean electronics giant Samsung that has operations in the northern province of Bac Ninh is set to invest another US$1.8 billion there.
About 14.15 billion USD worth of foreign direct investment (FDI) was disbursed in the first eight months of this year, up 8% year-on-year, marking the highest for an eight-month period over the past five years, according to the Foreign Investment Agency under the Ministry of Planning and Investment.
The northern province of Bac Giang will continue to focus on innovating and enhancing the quality of investment attraction in the coming time, according to the provincial People's Committee.
Foreign direct investment (FDI) from China has continued to flow into Vietnam, according to the Ministry of Planning and Investment.
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