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Bac Giang attracts over 40 investment projects in Q1

The northern province of Bac Giang has attracted 33 domestic and 10 foreign-invested projects worth a combined 144 million USD thus far this year.
The northern province of Bac Giang has attracted 33 domestic and 10foreign-invested projects worth a combined 144 million USD thus far thisyear.

According to the provincial Department of Planning andInvestment, the large-scale projects include a 40.5 million USD factoryspecialising in granite tiles and a 30 million USD electronic headphoneproduction plant.

In the second quarter of this year, thelocality will continue improving its business climate to lure moreinvestment through addressing difficulties related to land clearance.

The province also plans to ask the Government toapprove the establishment of the Chau Minh-Mai Dinh Industrial Parkwhile working with investors to accelerate infrastructure constructionin the Van Trung, Quang Chau and Dong Khe-Noi Hoang industrial parks.

Investmentpromotion activities will also be intensified, targeting potentialmarkets such as Japan, the Republic of Korea (RoK) and Taiwan (China)and giving priority to processing, manufacturing and high-tech projects.

Bac Giang is calling for investment in shopping-servicecentres, commercial housing and tourism sites in Bac Giang city and VietYen, Lang Giang and Son Dong districts.

Projects in agricultureare also being encouraged, focusing on industrial-oriented cattle,poultry breeding and medicinal plant and mushroom growing in Son Dong,Yen Dung and Lang Giang districts and poultry breeding in Tan Yen, YenThe, Hiep Hoa and Luc Ngan districts.

Bac Giang has thus far registered 871 investment projects with a total capital of over 4.2 billion USD.

Among 10 countries and territories investing in the locality, the RoK has the largest contribution with 90 projects.

As many as 130 foreign-invested projects are operating in theprovince, creating jobs for nearly 65,000 employees. In the lastquarter, industrial production value by the foreign investment sectorreached 7.9 trillion VND (371 million USD), an annual rise of 16.9percent.-VNA

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