The Yên Phong I Industrial Zone in Bắc Ninh Province. — Photo vtcnews.vn
The northern province of Bắc Ninh is working to attract a total of US$7 billion in foreign investment by the end of the year, local authorities have said.
To reach this goal, the province is taking measures to improve the business environment, enhance workforce quality and promote investment opportunities.
The province also has ambitious plans for the future. A recently approved list outlines 167 projects covering over 11,600ha, with a focus on agriculture, commerce, services, residential and urban development, social housing, industrial zone infrastructure and social amenities.
Chairman of the provincial People's Committee Vương Quốc Tuấn said his province will continue to accelerate administrative procedures, creating the most favourable conditions for investors to access planning information, land, infrastructure, human resource training and business opportunities while quickly handling difficulties encountered by investors.
The province continues to be a top destination for foreign direct investment in Việt Nam, thanks to its investor-friendly environment, modern infrastructure and quality workforce, according to the Ministry of Planning and Investment’s Foreign Investment Agency.
Over the past eight months, the locality has attracted nearly $3.47 billion worth of foreign investment, nearly three times higher than that of the same period last year and accounting for 16.9 per cent of the total investment capital registered in the country.
Hu Wen Da, Chairman of Zhong’an Jichuang Investment Co., said Chinese investors, particularly those from Shenzhen, are showing keen interest in Bắc Ninh's semiconductor and high-tech chip manufacturing sectors.
The province's attractive investment climate has prompted the company to consider investing in the area and encouraging other Chinese firms to follow suit, the chairman said.
Major global corporations, including Goertek, Amkor, Foxconn, Suntory Pepsico and Victory Giant Technology, are looking to expand their operations in Bắc Ninh. — VNS