Investments worth US$1.8 billion given green light in Bac Ninh
Eighteen domestic and foreign businesses with projects worth US$1.8 billion received investment registration certificates and investment approval decisions from the People's Committee of northern Bac Ninh province on January 2.
Foreign direct investment (FDI) projects account for US$1.67 billion of the total.
The conference was held to connect investors with the province, assess the investment results in 2024 and create momentum for investment attraction this year.
Speaking at the event, Nguyen Anh Tuan, secretary of the provincial Party Committee, congratulated and thanked the investors and businesses for choosing Bac Ninh for their new projects.
Emphasising the commitment to accompanying investors for the development of both the province and businesses, he also expressed the hope that foreign and domestic investors, as well as businesses in infrastructure, high technology and supporting industries, will collaborate more with the province to create strong value, production and supply chains.
The official also urged related departments to review the procedures to shorten the process for investment approval and licensing, aiming to turn Bac Ninh into a hub for the world's leading manufacturers, and a gathering place for production and research businesses in Vietnam.
Bac Ninh is one of the leading provinces in Vietnam in industrial development. It led the country in foreign investment, attracting over US$5 billion last year.
