21:35 | 06/02/2019

Bac Ninh province attracts more investment right on first days

Bac Ninh province, about 60km north of Hanoi, handed over investment licenses and signed land-use contracts with many domestic and foreign investors right on the first days of 2019, according to local authorities.


A Samsung's mobile phone production line in Bac Ninh (Source: VNA)

Besides, many investors doing business in the province, one of the key destinations in the north have registered to increase their capital, they said, adding registered capital of the investment projects amounts to hundreds of millions of USD and the investors pledged to start their work soon.

They described this as a positive sign in the province’s attraction of investment for 2019, attributing it to the supportive mechanism and policies worked out by the locality. Investment is prioritized to support industry and domestic small- and medium-sized enterprises.

The improvement of the infrastructure also has its role to play in the province’s investment attraction, authorities said, stressing that they will intensify the administrative procedure reform, and investment promotion.

In 2018 alone, Bac Ninh attracted a combined investment of 28 trillion VND (over 1.2 billion USD) and more than 1.24 billion USD which helped bring the province’s industrial production value to more than 1,100 trillion VND and export value to 34.85 billion USD.

For the time to come, the province will focus its efforts on attracting investment to qualitative projects which can save resources and energy, use high technology, be environment friendly and yield high income.

VNA

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