The Paper industry Company Ltd of Qifeng – Guilin – Guangxi has invested in Bac Giang to build Que Giang (Guijiang) Paper Mill ( located in Hoang Ninh commune – Viet Yen district) with the starting registered capital of USD 1,085,000 since 2004. After two years of performance, the business has had effective manufacture and sale. With its thin gift-wrapping paper for export, Guijiang Paper Company Ltd is now one of the leading  foreign-invested businesses  of the whole province in terms of export value, with the annual revenue of about USD 8 million. At the working session, Mr. Pengzhe, the Executive board Chairman  of the Qifeng Paper Company Ltd expressed his desire that Bac Giang People’s Committee will set favourable conditions for the company to expand its ground land area of about 2 hectares in another more suitable location for its production expansion. On the company’s part, it will guarantee the investment of advanced and pollution-free equipment.

Also at the working session, representative of the Harvester Company Ltd from Quang Luc – Que Lam – Quang Tay ( Guangliu – Guilin – Guangxi) expressed his desire to develop its economic cooperation and consumption of its combine – harvesters in Bac Giang.

On behalf of Bac Giang province’s leaders, the Vice Standing Chairman of Bac Giang People’s Committee, Mr. Nguyen Dang Khoa highly appreciated, congratulated and thanked  the Chinese entrepreneurs for their choice of Bac Giang as their destination of investment. Khoa also showed that over 50% of the current foreign – invested businesses in Bac Giang come from China. Bac Giang’s Party at all levels, government and people have been creating the best conditions for the businesses in the province so far. He also suggested that Qifeng Paper Company Ltd could choose the industrial park of Song Khe – Noi Hoang  for its investment expansion, on the ground area leveled by the investor Hoang Hai Company Ltd. This is a large area with convenient traffic and transportation of commodities.

The costs for land lease and other services will be agreed between Qifeng Paper Company and Hoang Hai Company Ltd, on the basis of openness, cooperation and mutual benefits.

On the same day, the Chinese business delegation paid a visit to Xuong Giang Paper Mill and the leveled ground surface in the industrial park of Song Khe – Noi Hoang, invested by Hoang Hai Company.