Bac Ninh holds dialogue with foreign enterprises

Representatives from ministries and the Bac Ninh People’s Committee also solicited petitions and other information regarding difficulties the FIEs were experiencing for the purpose of submitting to the Prime Minister for his consideration.

They answered questions of those in attendance on a wide range of matters ranging from cooperation between factories and multinational groups to proposed solutions for businesses to penetrate deeper into the global supply chain.

They also discussed the nation’s macroeconomic situation and investment environment, FDI attraction orientations in the coming time, and measures to boost cooperation.

Speaking at the event, Vice Chairman of the Vietnam Chamber of Commerce and Industry (VCCI) Doan Duy Khuong affirmed the Government and FIEs forum was productive.

FIEs are instrumental and effectively contribute to the country’s economic restructuring and the Government realising its industrial development vision to 2030, Khuong said.

In the first nine months of this year, foreign investors have generated US$11.8 billion in revenues in Vietnam, equalling to 74.5% of the same period last year, he added.

For his part, Chairman of the Bac Ninh People’s Committee Nguyen Nhan Chien said as of the end of September, 2014, the province had 510 FDI projects capitalised at more than US$8 billion.

The figures made Bac Ninh one of top provinces in terms of attracting foreign investors, who included world leading groups like Samsung, Microsoft and Canon.

Bac Ninh pledges to create the best possible conditions for businesses to invest, expand production and raise their productivity, Chien noted.