Bac Ninh attracts over US$200m in Q1 investment

Tuesday, Apr 12, 2016 14:18

A view of Que Vo Industrial Park in northern Bac Ninh Province. — Photo

BAC NINH (Biz Hub) – The northern province of Bac Ninh has granted investment certificates to 21 foreign direct investment (FDI) projects with total registered capital of more than US$200 million in the first three months of 2016.

The figure represents an increase of $157 million against the same period last year.

According to the province's Industrial Zone Management Board, Bac Ninh is now home to 816 FDI projects worth $11.8 billion. Of these, industrial parks have attracted 598 projects with total registered capital of $11.1 billion.

The increase is attributed to the province's efforts to improve its business climate and focus on hi-tech and supporting industries.

The province has also boosted administrative reform to help enterprises. — VNS

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