Bac Ninh’s efforts to improve investment environment pay off
Efforts to improve the investment environment made by the northern province of Bac Ninh, which borders Hanoi capital city, have proved effective, as it has been among leading destinations in Vietnam for foreign direct investment (FDI) inflows in recent years.
Bac Ninh (VNA) – Efforts to improve the investmentenvironment made by the northern province of Bac Ninh, which borders Hanoicapital city, have proved effective, as it has been among leading destinations in Vietnam for foreign direct investment (FDI) inflows in recent years.
According to the Ministry of Planning and Investment’sForeign Investment Agency, the province ranked second in the country in FDI attraction in the first quarter of 2024, with a combined registered capital of 745.2 million USD, accounting for 12.1%of the national figure.
The attractiveness of Vietnam’s smallest province is attributedto its tireless efforts to step up administrative reform to create an open andtransparent environment for businesses.
Right from the early days of 2024, the provincial People'sCommittee issued a Directive on implementing key tasks and solutions to improvethe business environment and enhance competitiveness for this year.
Chairwoman of the provincial People’s Committee Nguyen HuongGiang said that the locality is aiming to create breakthroughs in institutionalreform, human resources development and infrastructure for rapid andsustainable development.
It has also cooperated closely with other localities nationwide,grasped opportunities of the fourth Industrial Revolution, applied science andtechnology, developed high-quality human resources, and increased the qualityof management and governance in accordance with the digital transformationprocess./.
A signing ceremony for a Memorandum of Understanding (MoU) on cooperation between the People's Committee of Bac Ninh province, the STC B.V from the Netherlands, and Tan Cang -STC Human Resources Development Co. Ltd, took place in the northern province on November 30.
With a business-friendly approach and an open-door policy, the northern province of Bac Ninh has emerged as a key destination for major players in the electronics and semiconductor industry.
Drawing 78 new foreign-invested projects worth nearly 200 million USD in the first two months of this year, the northern province of Bac Ninh is on the right track to realise the goal of 1.1 billion USD in foreign direct investment (FDI) in 2024, according to the provincial Statistics Office.
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Illustrative image (Photo: VNA) 
