Bac Giang: IZs investment support centre set up

Update: 15:34 | 27/01/2021

(BGO) – The Chairman of the provincial People's Committee has issued a decision to establish an investment support center for local industrial zones (IZs) directly under the provincial Industrial Zones Management Board.

Accordingly, the center will perform the function of supporting investment activities, businesses and organizations and individuals investing and doing business in industrial zones. It will provide information related to the local investment and business environment, support the implementation of administrative procedures and other support services related to investment, production and business activities for investors in industrial zones. It will also give advice on planning, construction, corporate governance, management, implementation of investment projects and issues related to taxes, fees, charges, import and export, and trade.

Bac Giang, IZs investment support centre,  set up

An industrial zone in Bac Giang.

The center is a level 2 budgeting unit that self-guarantees part of regular expenditure in 2021. From 2022, it will follow an autonomy mechanism in funding.

The province now has six industrial zones on a planned area of 1,322 ha, of which five are in operation, namely Dinh Tram, Van Trung and Quang Chau (Viet Yen district); Hoa Phu (Hiep Hoa district) and Song Khe - Noi Hoang (Yen Dung district and Bac Giang city). According to the provincial IZs Management Board, the local industrial zones currently attract 407 investment projects from enterprises, including 308 foreign direct investment (FDI) projects and the rest being domestic ones with total registered investment capital of 9,238 billion VND (401,35 USD) and 5.9 billion USD.

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