Update: 16:52 | 28/01/2019
(BGO) - So far, Bac Giang province has paid due attention to boosting foreign direct investment (FDI) attraction while creating favorable conditions to welcome foreign investors to the province. The provincial Party Committee, People’s Council and People’s Committee have carried out a number of policies to improve investment and business climate while enhancing the provincial competitive capacity.
Thus, the province has gained positive results in FDI attraction making a significant contribution to fulfilling the local socio-economic development tasks.
In 2018, the province attracted 59 FDI projects with total registered capital of 162 million USD, bringing the number of FDI projects up to 371 with a total value of 4.2 billion USD.
Duong Tri Dung, CEO of Vina Solar Company Limited stressed choosing Bac Giang as an investment destination is a right decision.
Among 12 countries and territories investing in the province, Republic of Korea is top in the number of projects, followed by China and Japan respectively. A number of giant corporations such as FLC Sam Sung, Vinfast, Korean and Australian enterprises came to seek investment opportunities in the province.
The FDI projects in the province have made dramatic contributions to the state budget, creating jobs for laborers and enhancing the living standards of the local people.
Particularly, the FDI projects have made positive impacts on other economic sectors through exchanges and linkage of business opportunities with domestic enterprises and economic sectors helping them to obtain experience in business management and advanced technologies of the world, G7and OECD countries. In addition, the FDI projects help domestic enterprises in innovating their technologies to improve competitive capacity in the course of globalization.