Monday, 06/05/2024,

Bac Giang attracts 05 new investment projects in industrial parks in the first 4 months of the year

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Implementing the guidelines and directions of the Government, the Provincial Party Committee and the People's Committee of Bac Giang province in attracting investment, over the past time, the Management Board of Industrial Parks (IZs) of Bac Giang province has been proactive and active in promoting, advertising and attracting investment in IZs.
In the first 4 months of 2022, Bac Giang province attracts 05 new investment projects in industrial parks.

In which, the focus is on actively implementing on-site investment support through learning, sharing, exchanging and providing information to investors through many information channels. At the same time, guide and support enterprises operating in investment and business in industrial zones on administrative procedures to ensure convenient, fast and timely; receive, consider and settle according to their competence or recommend the functional branches of the province to handle the recommendations and reflections of enterprises. Thereby creating the trust, consensus and support of the business community and investors, contributing to improving the investment and business environment of the province to ensure openness, transparency, accountability and efficiency according to the policy and direction of the Government and Bac Giang province.

As a result, in the first 4 months of 2022, attracting investment in IZs achieved many positive results. Provincial IZs Management Board has granted investment registration certificates for 05 new investment projects including 03 foreign direct investment (FDI) and 02 domestic direct investment (DDI) projects with registered investment capital reached 98 million USD and 2,716 billion VND. At the same time, capital increased for 13 investment projects with registered investment capital increased to 203.38 million USD. Cumulatively, the total newly registered and converted investment capital totaled about 419.4 million USD, equaling 42% of the annual plan.

Compared to the same period in 2021, the number of newly registered investment projects decreased by 07 projects (4 FDI projects and 03 DDI projects), a decrease of about 34.2% (equivalent to 221.16 million USD) in newly granted investment capital and adjusted to convert to USD. The main reason for the decrease in both the number of projects and registered capital was due to the impact of the Covid-19 pandemic, which broke out in early May 2021 and continued to spread throughout the country, lasting until the middle of February 2022.

After Resolution No. 128/NQ-CP issued by the Government dated October 11, 2021 on the temporary regulation “Safely adapting, flexibly, effectively controlling the Covid-19 pandemic”, Bac Giang province has implemented many positive and proactive solutions in economic recovery and development, so Bac Giang province continues to be an attractive place to attract investors, capital is forecasted to increase rapidly from now until the end of 2022./.