In 2021, foreign direct investment (FDI) attraction was considered a "high spot" in the economic picture, which was heavily stained by the COVID-19 pandemic. This trend is expected to extend in 2022.
In 2021, with many strong measures of the Government and active participation of central and local agencies, public investment disbursement made much progress. However, as in previous years, the disbursement value could not reach the target. This is also the challenge for 2022.
Nearly 25 years after re-establishing the province (1/1997), Bac Giang has achieved positive results in terms of investment attraction; becoming an attractive destination for many domestic and foreign investors. The proportion of industry in the economic structure of the province has increased from 7% in 2000 to about 51.5% in 2021. The planning and development of industrial parks (IPs) in the province has greatly contributed to these results.
The fast-growing province of Bac Giang is accelerating its economic growth to secure a strong position among the best performers in the country and attracting an impressive investment fund from investors, with a doubled FDI value in 2021 which ranked 7th in the country. Hoa Phu Industrial Park has a leading contribution to this growth as it has become an attractive destination in Bac Giang.
Bac Giang province is chosen by many domestic and foreign investors. Besides its convenient geographical location, the appeal of Bac Giang comes from an open and enabling investment attraction policy, determined administrative reform and investment climate improvement.
Highly resolved to improve its investment and business environment, Bac Kan province has gradually become one of the most attractive destinations to domestic and foreign investors. Vietnam Business Forum's reporter has an interview with Mr. Tran Cong Hoa, Director of Department of Planning and Investment of Bac Kan province. Manh Dung reports.
Despite COVID-19 pandemic impacts, foreign direct investment (FDI) in Vietnam in 2021 may be as much as that of 2020, according to economic experts. In the long term, Vietnam will remain a bright spot on the FDI attraction map.
Since its inception, Binh Xuyen II Industrial Park, invested and developed by Fuchuan Co., Ltd in Binh Xuyen district, Vinh Phuc province, has contributed to local economic development. The industrial park has synchronous modern infrastructure, and a green, clean, beautiful and environment-friendly manufacturing and working environment, making it an attractive destination for investors.
Overcoming difficulties and impacts of the COVID-19 pandemic, especially with solutions to improve the investment environment, Vinh Phuc has continued to assert itself as a destination for investors as it exceeded the target of attracting DDI capital by the end of the second quarter and the target of attracting FDI capital by the end of the third quarter for the whole year of 2021.
The Vinh Phuc Industrial Parks Authority granted new investment registration certificates to three projects in November 2021, including two FDI projects with a total registered investment capital of US$1.0 million and one DDI project with VND126.3 billion, and allowed three existing FDI projects to add US$12.95 million to their investment base. The total fresh and added investment fund was VND126.3 billion and US$13.95 million.
Investment promotion is always a major concern of the Provincial Party Committee, the Provincial People’s Council, the Provincial People's Committee and all-tier authorities of Thua Thien Hue province. The local investment environment has been gradually improved toward increased publicity and transparency. Thua Thien Hue Provincial People's Committee has provided all necessary information for all projects seeking investment funds.
10/20/2021 10:06:39 AM
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