The northern province of Bac Giang is taking numerous drastic measures to attract more investments as its potential has yet to be tapped fully. According to Director of the provincial Department of Planning and Investment Trinh Huu Thang, a steering board will be set up in order to untie existing knots in the field. Apart from intensifying investment promotion programmes and speeding up administrative procedure reform, local authorities have been requested to actively support investors in land clearance and basic infrastructure construction. They are asked to continue proactively consulting the People’s Committee about the application of Party, State and Government policies and mechanisms in line with local conditions so as to win confidence of investors, Thang said, stressing that there’s nothing better than the investors’ good comments on the province’s investment climate. Bac Giang will also speed up activities to improve its competitiveness and increase … [Read more...] about Bac Giang moves to lure more investments
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Bac Giang – Bright Picture for Investment Attraction
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Bac Giang - Bright Picture for Investment Attraction Bac Giang province has so far licensed 690 investment projects, including 590 Vietnamese-invested projects and 100 FDI projects, with registered capital of VND34,847 billion and more than US$1.7 billion, respectively. Disbursed capital has to date reached VND13,550.5 billion and US$420.5 million. These figures are very impressive. To learn more about investment attraction situation in Bac Giang province, Vietnam Business Forum Magazine has an interview with Mr Trinh Huu Thang, Director of the Provincial Department of Planning and Investment. Le Sang reports. Could you share the outstanding results of investment attraction in Bac Giang province in the past years and the prospect for the coming years? Knowing that investment capital plays a crucial role in economic growth, Bac Giang province has paid attention to attracting investment from both domestic and international sources and creating favourable conditions for business … [Read more...] about Bac Giang – Bright Picture for Investment Attraction
Bac Giang Attracting Investment, Sustaining Development
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Bac Giang Attracting Investment, Sustaining Development With constant efforts to tap local potential advantages and mobilise available resources for economic development, Bac Giang has gradually become an attractive destination for many domestic and foreign investors in recent years. The effective performance of investment projects has made huge contributions to local socioeconomic development, economic restructuring, State revenue, employment, and export. Vietnam Business Forum has an interview with Mr Trinh Huu Thang, Director of the Department of Planning and Investment, on this issue. Duy Anh reports. According to the Resolution of the 16th Provincial Party Congress of the 2011-2015 term, investment attraction is No. 1 in the five industrial - service development programmes of Bac Giang province. What has this programme achieved thus far? The investment attraction programme for industrial - service development acceleration in the 2011-2015 phase was approved by the Steering … [Read more...] about Bac Giang Attracting Investment, Sustaining Development
Bac Giang: Vibrant Investment Promotion Activities
Bac Giang: Vibrant Investment Promotion Activities In recent years, Bac Giang Province has adopted many measures to enhance the exploitation of resources of many sectors and people for socio-economic development. The province has also issued a number of policies to encourage investment as well as implemented administrative reforms to create an open, attractive business environment for domestic and foreign investors, said Mr Bui Van Hai, Chairman of Bac Giang’s People Committee to the Vietnam Business Forum. Effective investment has contributed to promoting economic development. In the first 6 months of 2014, Bac Giang attracted 37 domestic investment projects with the registered capital of VND1,993 billion, 30 foreign direct investment projects (FDI) with registered capital of US$146.6 million. Implemented capital of those projects in 2013 reached VND4,900 billion and US$175 million, respectively. In 2013, there were 25 domestic investment projects and 15 FDI projects in … [Read more...] about Bac Giang: Vibrant Investment Promotion Activities
Bac Giang to revoke slow-moving investment projects in its city
Bac Giang vows to create conditions to encourage businesses to boost investment and compensation for land clearance and hasten infrastructure construction. — Photo bacgiang-iza.gov.vn The northern province of Bac Giang plans to revoke licences from several investment projects that are moving too slowly, according to the provincial Department of Planning and Investment. One of the Bac Giang City projects is an expansion of a agricultural processing factory financed by Viet Nga Limited Co. Covering 6,600sq.m in Da Mai District, the VND13.45 billion (US$560,000) plant halted operation since 2012 due to its investor’s financial difficulties. The plant will have its investment certificate revoked if the investor fails to resume its operation before November, the department said. The department added it will also request for an approval from the provincial People’s Committee to withdraw an investment licence of … [Read more...] about Bac Giang to revoke slow-moving investment projects in its city