So far this year, authorities in the northern province of Bac Ninh have licenced 148 new investment projects worth US$376.154 million.

The province also allowed 94 existing projects to increase their capital by over $652.1 million and revoked 17 projects with a combined investment capital of more than $153 million.

At present, as many as 1,275 foreign-invested projects from 32 countries and territories are operating in Bac Ninh.

In July alone, the province issued new investment registration certificates for 20 FDI projects with total registered capital of more than $120.5 million, and allowed nine projects to increase capital totalling $62.6 million.

Foreign investors poured their money into 13 out of the 21 sectors in Bac Ninh Province. The processing and manufacturing industry attracted the most foreign investment, with 902 projects worth over $15 billion, accounting for 93.5 per cent of the total investment in the locality.

This is followed by the fields of real estate and construction, and warehouse transportation. Large investment projects in Bac Ninh include the ultra-clear laminated glass factory project in Yen Phong Industrial Park, a film and membrane production plant in Que Vo III Industrial Park and Lotte Cinema Bac Ninh.

Local authorities have focused on promoting economic restructuring, and devised policies to attract more FDI to hi-tech sectors and products which create high added values. — VNS