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.

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.

Vietnam’s investment shifting could boost economic resilience

Phyllis Papadavid, Head of Research and Advisory at Asia House, a consulting organisation based in London, the United Kingdom, in her research, pointed out that Vietnam should promote investment to revive its economy and strengthen its ability to respond to new risks despite its success in dealing with a crisis caused by the Covid-19 pandemic.

Bac Giang strives to disburse 60 percent of the public investment capital

(BGO) – So far, the project implementation value has hit over 3.8 trillion VND (166.7 million USD), the disbursement value has reached nearly 2.8 trillion VND (122.8 million USD), representing nearly 40 percent of the plan, reported the Department of Planning and Investment (DoPI) in Bac Giang province.

Vietnam’s overseas investment soars 74% in eight months

Vietnam’s overseas investment surged 74.1% year on year to US$575 million in the first eight months of 2021, according to the Ministry of Planning and Investment.

Bac Giang approves 7 projects for investment

(BGO) – The People’s Committee in Bac Giang province has approved for the list of seven projects for investment attraction in Viet Yen, Luc Nam and Tan Yen districts.

Bac Giang attracts over 870 million USD of investment in eight months

(BGO) – The northern province of Bac Giang attracted total investment of 72.4 million USD in August 2021, accounting for 93.18 percent against the figure at the same period last year.