Bac Giang welcomes two projects worth $700 million

Bac Giang welcomes two projects worth $700 million

Bac Giang People’s Committee granted the investment registration certificate for Singapore’s Ingrasys Pte.Ltd, the investor of the Fulian precision technology factory project, on January 2. At the same time, Fulian received the business registration certificate from the provincial leader.

The factory will cover an area of almost 50 hectares at Quang Chau Industrial Park in Bac Giang. The project's main objective is to manufacture electronic components, computers, and communication equipment.

Chinese investor Hainan Longi Green Energy Technology Co., Ltd. and Bac Giang Industrial Zones Management Authority signed an MoU. Accordingly, the Chinese investor will implement a project to produce solar panels with a capacity of 3,500MW per year.

The two projects have the total investment capital of $761 million. The construction of both projects will be implemented in the first quarter of 2023.

Chairman of Bac Giang People’s Committee Le Anh Duong said that the province would create the most favourable conditions for foreign investors. The province will mobilise to resolve difficulties for investors during their investment process.

In 2022, Bac Giang ranked ninth in the list of localities for foreign investment capital, with the total investment capital of $1.21 billion.

Bac Giang is a production hub of many large groups, such as Luxshares, Foxconn, and Honda. Along with the existing industrial zones (IZs), the prime minister approved investment plans to build two new IZs, the 300ha Yen Son IZ in Bac Lung district and the 123ha Phuc Son IZ in Tan Yen district.

Viet Han IZ will also expand by 148ha, ensuring sufficient industrial land for investors to build manufacturing facilities in the coming years.

Bac Ninh IPs lure nearly 60 million USD in investment in July The total newly registered and adjusted investment capital that poured into the northern province of Bac Ninh’s industrial parks (IPs) in July hit 59.96 million USD. Of the sum, 36.41 million USD was foreign direct investment (FDI).

Vietnam welcomes 1.87 million foreign visitors in nine months Vietnam welcomed about 1.87 million international arrivals in the first nine months of this year, 16.4 times higher than the same period last year but much lower than that in the same time in 2019 before COVID-19 broke out, according to the General Statistics Office (GSO).

VPBank freshly inks syndicated loan worth $500 million With fresh international financing sources secured, VPBank has once again affirmed its reputation in the loan syndication market and strengthened its lending capacity to finance local small- and medium-sized enterprises, women-owned businesses and many social projects to enhance the overall infrastructure and improve the quality of life for Vietnamese citizens.

Bac Lieu grants investment certificate to 13 projects worth $740 million Bac Lieu People’s Committee granted investment certificates for 13 projects with the total investment capital of VND17 trillion ($739.1 million).