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PPC Chairman of Bac Giang province Duong Van Thai directs to remove obstacles for investors

Updated: 17:20, 11/03/2020
(BGO) - Chairman of the provincial People’s Committee (PPC) of Bac Giang province Duong Van Thai, Head of the provincial Steering Committee for Investment Support and Business Development chaired a meeting on 10 March to review investment support and business development of the province in 2019 and lay out tasks for coming time.

According to the report, the provincial departments, sectors and people’s committee of the districts and city have made efforts in the first 2 months to support enterprises and investors in dealing with investment and business procedures, making land acquisition profiles and plans for land clearance compensation, making land handover and land rent profiles for the projects.

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PPC Chairman Duong Van Thai chairs the meeting.

In first 2 months, the province gave a nod to 17 projects including 10 domestic projects with total registered capital of 302 billion VND (13 million USD) and 7 foreign direct investment (FDI) projects valued at nearly 70 million USD.

According to many participants, investment support and business development of the province has not achieved efficiency. There is shortage of information and facilities for investors and enterprises to seek for support from state agencies. Besides, infrastructure in the industrial parks and clusters is asynchronous.

In his conclusion, PPC Chairman Duong Van Thai stressed, Covid-19 outbreak is affecting the province’s growth. In order to welcome new wave of investment, he urged related departments and sectors, districts and city to concentrate on removing obstacles for investors. The top priority task is land clearance to create the “clear” land resources.

The provincial Chairman requested the Department of Natural Resources and Environment to provide mechanism to handle difficulties in land clearance and collaborate with the localities to organize meetings on land clearance in which clarifying specific tasks of each level and sector in implementation.

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Director of the Department of Labor, Invalid and Social Affairs Bui Thi Thu Thuy speaks at the meeting.

The Department of Transportation to revise shortcomings and obstacles in implementing BOT projects, consult the PPC Chairman to organize meetings with investors, foster testing quality of traffic construction projects and road light systems and work with the districts and city to supplement traffic planning.

PPC Chairman stressed, the provincial departments and sectors need to strengthen administrative procedure reform while reinforcing disciplines in performing public duties.

The provincial State Bank, Customs Department, Society Insurance and Customs Department managing the Industrial Park should closely follow direction of the Central to help enterprises surmount difficulties due to impact of Covid-19.

Bac Giang attracts 12 investment projects in first two months
(BGO) – In February 2020, Bac Giang province attracted 8 investment projects including 4 domestic projects with total registered capital of over 150 billion VND (6.4 million USD), up 51.5 percent comparing to the same period last year and 4 foreign direct investment (FDI) projects totally worth 53.5 million USD (making 5.3 folds increase).  
Bac Giang attracts and adjusts 16 investment projects
(BGO) – The Department of Planning and Investment has reported that Bac Giang province has attracted and adjusted to add the investment capital to 16 projects since early this year, including 7 domestic projects with total registered capital of 203 billion VND (8.7 million USD) and 5 foreign direct investment (FDI) projects totally worth 54.5 million USD.   
Bac Giang issues 2020 investment promotion programme
(BGO)- The provincial People’s Committee of Bac Giang province issued the Decision No 104/QD-UBND dated 17 February on approval of the province’s programme on investment promotion in 2020. 
Bac Giang strives to build favourable investment climate
(BGO) - As defining the province’s development attached to development of the business community, Bac Giang province strove to foster administrative reform in 2019 with a breakthrough in administrative procedure reform to support and facilitate investors.
Bac Giang approves and adjusts 222 investment projects
(BGO) – The investment attraction to Bac Giang province has been accelerated with positive results since early this year, especially drawing foreign direct investment (FDI) projects with sharply increased capital, much improved quality and bigger scale.

Hoang Phuong

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