Bac Giang draws investment capital of over 668 million USD in 5 months

Update: 15:54 | 22/06/2020

(BGO) – Bac Giang province has licensed and adjusted 87 projects for the first 5 months in 2020 with total newly registered and added capital of 668.3 million USD, accounting for 89 percent comparing to the same period last year.

43 new domestic projects were approved while 10 domestic projects were adjusted with registered capital of 4.7 trillion VND (202.5 million USD), up 11.5 percent. Meanwhile, 15 and 19 foreign direct investment (FDI) projects were licensed and adjusted respectively with total added capital of 463.5 million USD, making up 94.8 percent.

Bac Giang province, investment capital, 5 months, total newly registered capital, added capital, bigger scales, average investment

Bac Giang draws investment capital of over 668 million USD in 5 months.

The newly approved projects to the province have bigger scales with average investment of 30.8 billion VND (1.3 million USD) per domestic project (up 36.5 percent) and 10.3 million USD per FDI one. Total capital to execute FDI projects hit 375 million USD.

Amid the common difficulties, though the total attracted FDI was lower than the same period last year, the province still secured 9th ranking nationwide in term of total attracted capital.

Besides, the new wage of investment in post Covid-19 pandemic period has had positive effect to open opportunities to draw high quality project. 650 foreign enterprises have to date searched for information and wished to invest in the province, up 35 percent comparing to the same period last year.

Additionally, for the first 5 months of this year, the number of newly established businesses sharply increased. The province granted the certificate of business registration to 514 companies, making up 6 percent year on year increase with total registered capital of over 5.4 billion VND (233.1 million USD), up 17.3 percent.

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