Bac Giang aims to draw 2 billion USD in investment this year

The northern province of Bac Giang is working out measures in an effort to attract 2 billion USD in domestic and foreign investment in 2018.
  • Quang Tri calls for investment in renewable energy
  • Foreign investment surges in eleven months
An overview of Bac Giang province (Photo: VNA)

An overview of Bac Giang province (Photo: VNA)

Priority will be given to projects in the fields of transport, energy, key urban area development, supporting technology for garment-textile and footwear sectors, hi-tech industry, spare parts, hi-tech agriculture, and farm produce preservation and processing.

The province will also focus on developing various forms of tourism such as spiritual tourism, eco-tourism, and resort tourism with hi-end hotels.

To realise the target, the local authorities have requested investors of industrial parks to speed up the completion of technical infrastructure.

The province is accelerating the compensation payment for land clearance at Hoa Phu industrial park and selecting investors to build infrastructure at Vietnam-Korea industrial park.

It also asked the Embassies of Japan and the Republic of Korea along with the Japanese Chamber of Commerce and Industry in Vietnam, Japan External Trade Organisation, Korea Chamber of Commerce and Industry, and Korea Chamber of Business in Vietnam to organise annual meetings with investors in Bac Giang to help remove their difficulties.

This year, Bac Giang will pay more attention to setting up a list of investment projects and disseminating policies, opportunities and potential to make investment in the province in addition to promoting investment cooperation activities and increasing support for businesses while carrying out projects.

In the first four months of 2018, Bac Giang licensed 77 newly-registered and capital-added projects with total capital of over 206 million USD. They included 43 domestic ones with registered capital of more than 620 billion VND and 22 foreign-invested ones worth over 42 million USD. 

Since 2017, the province has attracted more major investment projects including An Khanh thermal power plant, DNP clean water supply plant, infrastructure investment at Lam Son industrial cluster, Khai Hoang plastic plant, establishment of Lens Technology Co., Ltd., and social housing construction for workers at Van Trung industrial park.

VNA

Other News

A view of a container port in Singapore. (File photo: Xinhua/VNA)

Vietnam-Singapore trade cooperation gains fresh momentum

Analysts noted that Vietnam-Singapore ties are increasingly moving beyond traditional goods trade towards green growth, innovation and high-quality supply chains, laying a stronger foundation for more substantive and sustainable cooperation in the years ahead.

Vietnamese products make strong impression at Foodservice Australia 2026

Vietnamese products make strong impression at Foodservice Australia 2026

International visitors expressed positive impressions of Vietnamese products displayed at the fair. Nelma Sanjines, senior supervisor at ESP Catering in Sydney, praised the flavour of Vietnamese chilli sauce and soy sauce as well as the attractive packaging of confectionery products.

Digital technology helps standardise supply chains, sustain export competitiveness

Digital technology helps standardise supply chains, sustain export competitiveness

Experts noted that supply chain optimisation and risk management are no longer isolated tasks for individual companies but a requirement for the entire export ecosystem. With guidance from regulators, support from industry experts and their own efforts, Vietnamese exporters are expected to enhance their competitiveness and turn technical barriers and market volatility into opportunities for sustainable growth in global markets.

Vietnam seen as attractive investment destination for 2026–2035

Vietnam seen as attractive investment destination for 2026–2035

The article described Vietnam as strategically positioned along major regional maritime routes, including the East – West corridor linking the Americas, the Middle East, India and Europe, and the North – South corridor connecting China and Southeast Asia, helping make the country a gateway for international trade.

Eco-industrial parks seen as catalyst for higher-quality FDI

Eco-industrial parks seen as catalyst for higher-quality FDI

The eco-industrial park model will help Vietnam meet international environmental standards while creating opportunities to improve growth quality and economic competitiveness. Many multinational corporations now view green standards, emissions reduction and energy efficiency as key conditions when selecting investment destinations.

Promoting Vietnamese Brands at an International Food Fair in Gwangju

Promoting Vietnamese Brands at an International Food Fair in Gwangju

Alongside exhibition activities, trade promotion, and business networking programs, the “Gwangju Global Food Fair 2026” also witnessed the signing ceremony of a Memorandum of Understanding (MOU) between the Vietnam–Korea Businessmen & Investment Association (VKBIA) and the Gwangju Tourism Organization of South Korea.

Hanoi proposes subsidies to accelerate shift to electric vehicles

Hanoi proposes subsidies to accelerate shift to electric vehicles

Under a draft resolution currently open for public feedback by the municipal People’s Committee, residents with permanent or temporary residence registration in Hanoi for at least two consecutive years, who own petrol-powered motorbikes registered before the resolution takes effect, will be eligible for support when purchasing electric motorbikes priced at 10 million VND or more.

Private economic sector poised for breakthrough growth

Private economic sector poised for breakthrough growth

More than a year after the Politburo's Resolution No. 68-NQ/TW on private sector development came into effect, expectations now extend beyond increasing the number of enterprises. The goal is to build a stronger business community with greater resilience, larger ambitions and the capacity to compete in global supply chains.

Vietnam remains ASEAN growth leader in 2026 despite global headwinds: WB

Vietnam remains ASEAN growth leader in 2026 despite global headwinds: WB

Vietnam is expected to remain one of ASEAN’s fastest-growing economies in 2026, supported by resilient exports, strong investment inflows and an ambitious reform agenda, despite mounting global uncertainties, according to the World Bank’s latest Vietnam Economic Update released on May 15.