Bắc Ninh continues to be investment attraction
VGP – Despite the global economic downturn, foreign investment keeps flowing into Bắc Ninh’s industrial parks.
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VSIP is a large-scale industrial park in Bắc Ninh - Illustration photo |
Located and only 31 km northeast from Hà Nội Capital, the Red River Delta province of Bắc Ninh is still a bright destination for both domestic and foreign investors thanks to its favorable geographical location, improved investment and business climate, and open management mechanism.
To the end of December 2008, the province lured 177 FDI projects and 12 foreign branches and representative offices. The total registered capital reached around US $2.4 billion.
Investors from 15 countries and territories are doing business there, including Canon (Japan), Samsung (Republic of Korea), Foxconn (Taiwan), Mapletree (Singapore), and ABB (Sweden).
Bắc Ninh ranked the second and sixteenth of the country in terms of FDI attraction and provincial-level competitive capacity index respectively.
The locality designed a master plan on industrial zone development to 2015, with 15 industrial zones on 7,525 hectares.
Moreover, it early established a combined model between industrial parks and urban areas, prioritizing large-scale projects on high tech, source technologies, export-oriented industries, auxiliary industries, and training of skilled workers.
The province also attaches attention to administrative procedure reform and environmentally-friendly projects for sustainable development.
By Kim Anh
