Bac Ninh attracts more than USD3.4 billion in eight months
Thursday, 12/09/2024 16:03 (GMT+7)
Mr. Vuong Quoc Tuan, Chairman of the Bac Ninh Provincial People's Committee, announced that foreign investors have poured capital into 54 provinces and cities across the country. Bac Ninh led with a total registered investment of nearly USD3.47 billion from January to August, accounting for 16.9% of the country's total investment and nearly triple that of the same period last year.
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| FDI enterprises operating effectively in the area continue to help Bac Ninh attract more foreign investors. (Photo: baobacninh.vn) |
Bac Ninh is the only locality in the country to have recorded FDI exceeding USD3 billion in the first seven months, almost double that of the second-ranking province, Quang Ninh, which attracted USD1.78 billion.
To date, Bac Ninh has approved 1,586 investment projects from foreign investors, with a total adjusted capital of VND269.786 trillion. The Bac Ninh Provincial People's Committee aims to attract approximately USD7 billion in foreign direct investment (FDI) in 2024. This impressive growth is mainly driven by a significant capital adjustment project worth USD1.07 billion from Amkor Technology Vietnam at the Yen Phong II-C Industrial Park, bringing Amkor's total investment to USD1.6 billion, with a production capacity of 3,600 million products per year.
To achieve the FDI target of around USD7 billion in 2024, the province is focusing on administrative reforms, improving the investment environment, upgrading transportation and industrial infrastructure, enhancing the quality of human resources, and strengthening investment promotion.
Bac Ninh has approved 167 investment projects for 2024, with a strategic vision extending to 2030, covering a total land area of approximately 11,638 hectares.
The strong growth of Bac Ninh in attracting FDI is supported by the development of infrastructure, a stable workforce, and efforts to streamline administrative procedures. With this promising project portfolio, Bac Ninh aims to become a dynamic and modern province, positioning itself among the top provinces in the country for both domestic and foreign investment attraction./.
Compiled by BTA