Bac Ninh Industrial Park attracts 455 million USD in FDI

                      An electronic company in Que Vo IP, Bac Ninh province (Source: VNA)

Northern Bac Ninh province licensed 149 foreign direct investment (FDI) businesses with a total registered capital of 454 million USD in the first ten months of 2016, doubling last year’s figure.

To date the province is home to 920 valid FDI project worth over 12 billion USD, according the provincial Department of Planning and Investment.

Most of them focus on manufacturing and support industries, which are compatible with the locality’s development plan.

A number of meetings have been held between local authorities and firms’ representatives to discuss removing obstacles, boosting production and effectiveness of industrial areas in attracting investment.

The province has also offered incentives and continued to simplify and reform administrative procedures in some areas such as lands, constructions, labours and customs to support businesses.

Data of the provincial Department of Statistics shows that the province’s export revenues increased by 1.7 percent in the first ten months of this year to nearly 18 billion USD./.

Source: VNA