Investment attraction to Bac Giang increases 36.1 percent in first 7 months

Update: 16:09 | 27/07/2020

(BGO) – Bac Giang province has attracted total investment of 232 million USD in July 2020, doubling the figure at the same period last year. In accumulation, the province has lured 896 million USD for 7 months, making up 36.1 percent year on year increase.

In which, 62 domestic projects were approved with registered capital of 7,355 billion VND (317.3 million USD), up 10.7 times; 10 foreign direct investment (FDI) projects were accepted with total registered capital of 297.8 million USD (accounting for 66.5 percent).

Investment attraction, Bac Giang province, first 7 months, total investment, year on year increase, domestic project, total added value

The investment attraction to Bac Giang province has increased 36.1 percent for 7 months.

At the same time, the province adjusted 10 domestic projects with added capital of 227 billion VND (9.79 million USD) and 28 FDI ones with total added value of 273.5 million USD (51.4 percent).

Also in July, the province had 131 newly established businesses, up 24.8 percent comparing to the same period last year. Though the number of new enterprises in 7 months reduced, the scale was improved. Since early this year, 735 businesses have established (down 1.5 percent) with total registered capital of 7,656 billion VND (330.3 million USD).

Besides, 48 firms, 13 branches and offices dissolved (up 16 percent) while 277 businesses suspended the operation (up 22.5 percent).

To attract more investor and businesses, Bac Giang province will continue implementing synchronous measures to improve the business environment, and enhance the provincial competitiveness.

The role of Working group directly supporting the Chairman of the provincial People’s Committee should be promoted to receive and handle the information, reflection and proposal from the businesses and investors timely and seriously so as to party help ease the difficulties during investment, production and trading in the province.

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Binh Minh

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