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Since early 2018, Bac Giang province has attracted 43 new FDI projects with total newly registered and added capital of 442 million USD. To date, the province is home to 358 FDI projects with the total registered capital of 4,206 million USD.

A garment factory of Unico Global Co. Ltd.

Currently, there are 14 countries and territories investing in Bac Giang such as Republic of Korea (RoK), China (including Hong Kong and Taiwan), Singapore, New Zealand, India, England, France and Samoa. In terms of a number of projects, RoK is leading with 225 projects, followed by China with 97 projects and Japan with 23 projects. Regarding registered capital, China's FDI projects take the lead with some 2,300 million USD, followed by RoK with registered capital of 890.15 million USD.

RoK is one of the first countries investing in Bac Giang. With a large number of projects increasing over the years, Bac Giang is obviously an attractive investment destination for RoK’s enterprises. Many enterprises choose to invest in Bac Giang thanks to introduction and advice of the companies who have come into stable operation in the province.

Of the 225 RoK’s investment projects, there are 131 ones invested in the industrial zones with a total registered capital of 629.35 million USD while other 94 projects are invested outside the industrial zones with registered capital of 260.8 million USD.

Although RoK’s companies are in small and medium scales, most of them run their business smoothly contributing to socio-economic development of the province such as economic restructuring, scientific and technical transfer, job creation and contributions to the provincial budget revenues.

The revenues of Korean enterprises accounted for about 40 percent of the total FDI’s inflows to the province in 2017. They contributed 265 billion VND (11.3 million USD) to the state budget, equivalent to about 50% of the FDI’s contributions to the provincial budget. The export value hit over 2.7 billion USD, taking 43.5% of the provincial total export turnover while import value reached more than 2.5 million USD, equivalent to 41.6% of the provincial total import turnover.

Most of the Korean companies have high employment rates. Currently, Korean companies create jobs for 54,456 laborers, accounting for about 48.6% of the total number of laborers working for the FDI enterprises in the province.

In the implementation of the Resolution No.73-NQ/TU and Plan No.128/KH-UBND on improving the investment and business climate in Bac Giang province in the period of 2016-2020, Bac Giang province will continue to implement many solutions to facilitate the development of domestic and foreign enterprises in the coming time. This is a good opportunity for businesses particularly RoK’s enterprises to invest and develop in the province.

Bac Giang draws more investment projects

(BGO) – The Management Board of the Industrial Parks (IPs) in the northern province of Bac Giang has synchronically implemented various solutions for administrative procedure reform; actively accessed and supported the businesses in completing the investment procedure as well as creating favorable conditions to the investors to execute the project early this year.

 

Hiep Hoa attracts investment in Industrial Clusters

(BGO) – Under the development plan for the Industrial Clusters (ICs) in the northern province of Bac Giang, there are six ICs in Hiep Hoa district including Duc Thang, Doan Bai, Hop Thinh, Ha Thinh, Thanh Van and Viet Nhat ICs, three of which have been operated and occupied.

 

Bac Giang grants new Investment Certificate to 22 projects

(BGO) – The Management Board (MB) of Bac Giang provincial Industrial Park (IP) has approved for 22 new investment projects for the first four months in 2018, including 21 foreign direct investment (FDI) projects and 1 domestic one with a total newly registered capital of 80.8 million USD and 10 billion VND (440,000 USD) respectively.

 

Bac Giang aims to draw 2 billion USD in investment this year

The northern province of Bac Giang is working out measures in an effort to attract 2 billion USD in domestic and foreign investment in 2018.

 

Bac Giang attracts 26 investment projects in industrial parks

(BGO)- In the first 6 months of 2018, Bac Giang province attracted 22 investment projects in industrial parks (IPs) including 1 domestic direct investment (DDI)  and 25 foreign direct investment (FDI) projects with the total registered capital of 10 billion VND (440,000 USD) and 106.3 million USD respectively. 

 

Hong Nhung