Bac Giang attracts some 850 million USD of investment capital in first 9 months

Update: 15:58 | 22/09/2021

(BGO)- Despite profound impact of the pandemic outbreak in May 2021, the province has gained good results in FDI attraction in the first 8 months, ranking 7th nationwide. Most of the FDI projects are in large scale mainly in the field of electronic component manufacturing.

Since the beginning of this year, the province has attracted 853.2 million USD of investment capital, accounting for 90.7 percent of the same period last year. The province licensed 24 domestic projects with investment capital of 1.565 trillion VND (69.2 million USD) and 17 foreign direct investment (FDI) projects with registered capital of 620.2 million USD.

Bac Giang province, investment capital, first 9 months, FDI attraction, pandemic outbreak, electronic component manufacturing

Illustrative photo (The worker is operating machines in the factory).

Despite profound impact of the pandemic outbreak in May 2021, the province has gained good results in FDI attraction in the first 8 months, ranking 7th nationwide. Most of the FDI projects are in large scale mainly in the field of electronic component manufacturing.

Despite complicated developments of covid-19 pandemic worldwide, the export and import values in the province have seen a dramatic increase. The export value in 9 months is estimated at 10.2 million USD, up 35.1 percent compared to the same period, reaching 69.1 percent of the plan. 

The biggest export markets include China, Republic of Korea, America, India and Spain. The main exported products are garment and textile, footware, computer, electronic products, cell phone, accessories, electric equipment and plastic products.

The import value is 10.8 million USD, up 50.3 percent and reaching 81.1 percent of the target. The major import markets include China, Republic of Korea, Taiwan and Japan. The province mainly imports materials for production and processing.

 

Dang Lam
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