Northern Bac Ninh province licensed 149 foreign direct investment (FDI) businesses with a total registered capital of US$454 million in the first ten months of 2016, doubling last year’s figure.
To date the province is home to 920 valid FDI project worth over US$12 billion, according the provincial Department of Planning and Investment.
Most of them focus on manufacturing and support industries, which are compatible with the locality’s development plan.
|Workers in a Samsung's factory in Bac Ninh.
A number of meetings have been held between local authorities and firms’ representatives to discuss removing obstacles, boosting production and effectiveness of industrial areas in attracting investment.
The province has also offered incentives and continued to simplify and reform administrative procedures in some areas such as lands, constructions, labours and customs to support businesses.
Data of the provincial Department of Statistics shows that the province’s export revenues increased by 1.7% in the first ten months of this year to nearly US$18 billion.VNA