Bac Ninh licenses 116 FDI projects in seven months

10:10 | 21/08/2018

The northern province of Bac Ninh licensed 116 new foreign direct investment (FDI) projects worth US$332.5 million in the first seven months of 2018, according to the provincial Department of Planning and Investment.

bac ninh licenses 116 fdi projects in seven months
A view of Yen Phong Industrial Park in the northern province of Bac Ninh.-Photo yenphong.viglaceraip.com

The province also allowed 69 existing FDI projects to increase their capital by $536.7 million and revoked 14 projects with investment capital of more than $149.6 million.

In July alone, the province issued new investment registration certificates for 20 FDI projects with total registered capital of more than $120.5 million, allowed nine projects to increase capital totalling $62.6 million and revoked two projects with the investment of nearly $97.2 million.

Some large investment projects of Bac Ninh include the ultra-clear laminated glass factory project in Yen Phong Industrial Park, a film and membrane production plant in Que Vo III Industrial Park and Lotte Cinema Bac Ninh.

To date, Bac Ninh has granted investment registration certificates to 1,246 valid FDI, with capital amounting to more than $16.7 billion.

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