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Foreign direct investment to Bac Giang sharply increases

Updated: 18:04, 21/07/2023
(BGO) – Thanks to great effort to improve business and investment environment, Bac Giang province continues achieving positive result in investment attraction, especially foreign direct investment (FDI).

The province has attracted about 72.7 million USD since early July and over 1.5 billion USD for the first seven months of this year, 1.5-fold increasing year on year.

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The production line at JA Solar Company Limited in Quang Chau industrial park (Viet Yen district).

Bac Giang licensed 47 new FDI projects with total registered capital of nearly 1.2 billion USD, nearly 4-fold higher than the figure at the same period last year. Some big projects were approved in July with total registered of 30 million USD in the industrial parks including Frontop Vietnam Electronic Company Limited, Sinowin Vina Industry Company Limited, WJCT Electronic Technology Vina Company Limited among others.

Golden Sky World Precision Vietnam Company Limited of Chinese Golden Sky World limited was the project with largest scale in Tan Hung industrial park of Lang Giang district.

The business uses 26,700 square meters of land to manufacture spare parts and hardware for smartphone, 5G telecommunication devices, computer and others. Total registered capital hit 15 million USD. As schedule, the factory will be put in operation in July 2025 and employ about 750 labours.

Truong Son
Efforts to improve investment and business environment
The Provincial Competitiveness Index (PCI) 2022 is the recognition of the business community on the innovation and creativity efforts of local authorities over the past year. While Bac Giang, a province in the northern midland region, made great progress, ranking second, Hanoi and Ho Chi Minh City downgraded compared to the results in 2021. This reflects fierce competition in development, forcing localities to thoroughly grasp their strengths and weaknesses to make changes to avoid lagging.
Investment attraction to industrial park reaches yearly target
(BGO) – Total investment attraction to the industrial parks in Bac Giang province has hit yearly target, reported the provincial Industrial Park Management Board (IPMB)
Bac Giang improves quality of investment attraction
The northern province of Bac Giang will focus on improving the quality of investment promotion work in the near future, said Chairman of the provincial People’s Committee Le Anh Duong.
Bac Giang urged to remove difficulties in business, production and public investment
(BGO) – The Government working delegation led by Member of the Central Party Committee, Minister of Industry and Trade Nguyen Hong Dien on May 11 paid a visit to Bac Giang province about the business, production, public investment, infrastructure construction, export and import. 
Bac Giang accelerates investment promotion with focal point and effectiveness
(BGO) – The Executive Board of the provincial Party Committee in Bac Giang province on July 15, 2021 issued Resolution No.147-NQ about industrial development in Bac Giang province in 2021 – 2030 period (Resolution 147). With proper orientation, for nearly two years of implementation, the province has gained positive result in investment attraction, helping boost up socio-economic growth and create jobs to dozens of thousands of labours.
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