11:22 | 27/06/2017 Industry
The northern province of Bac Giang is home to 1,205 investment projects operating with total registered capital of 7.76 billion USD, according to Director of the provincial Department of Planning and Investment Trinh Huu Thang.
|Inside a garment production plant in Bac Giang - Photo: VNA|
Of the total number, there are 289 foreign direct investment (FDI) projects valued at more than 4.26 billion USD. From the beginning of this year, the province has attracted 57 new domestic projects worth nearly 26.5 trillion VND (1.16 billion USD) and 29 FDI projects with total capital of more than 512 million USD.
The large-scale projects include An Khanh-Bac Giang thermal power plant with investment of 22.5 trillion VND (990 million USD), DNP Bac Giang water plant with nearly 1.3 trillion VND (57.2 million USD) and Lan Son infrastructure development and Khai Hong plastic plant with 150 million USD. The capital is spread across the industrial and manufacturing sector (82.6 percent), trade and services (17.3 percent) and agriculture (0.1 percent).
The province will create conditions to encourage businesses to boost investment and compensation for land clearance and hasten infrastructure construction. It will enhance transparency of administrative procedures and strictly punish officials hampering enterprises in the locality.
Along with supporting investors in land clearance in some key products like An Khanh-Bac Giang thermal power plant and Bac Giang city international logistic centre, the province will maintain dialogue with investors to address difficulties.