Bac Ninh draws nearly $1 billion of FDI in first four months
Bac Ninh draws nearly $1 billion of FDI in first four months
Industrial parks in Ban Ninh province attracted $997.1 million in foreign direct investment (FDI) in the first four months of this year.
A total of 45 new projects were granted investment certificates in Bac Ninh during that time, with total registered capital of $488 million. Meanwhile, the adjusted capital for 44 ongoing projects stood at about $409.1 million. However, 12 foreign-invested projects terminated operations with total registered investment of $18.68 million, according to Bac Ninh Industrial Parks Management Board.
In April alone, the province issued investment certificates for 12 projects and approved capital adjustments for 13 projects, with total new and adjusted capital of over $142.7 million.
In addition, 436 businesses resumed operations in the locality, an increase of 28.99 per cent on-year. Meanwhile, 1,092 businesses registered to suspend operations, up 25.09 per cent, 167 others implemented voluntary dissolution procedures, and 111 changed their types of operation.
Bac Ninh is home to 23,165 enterprises with total registered capital of more than VND403.9 trillion ($15.8 billion). Among them, 18,423 enterprises are operating with a total charter capital of more than VND367.1 trillion ($14.4 billion). The average registered capital per enterprise stands at VND19.93 billion ($784,377).
Big corporations that have built factories in Bac Ninh include Samsung, Foxconn, Canon, PepsiCo, Amkor, GoerTek, and VSIP. As a result, Bac Ninh has become a high-tech industrial centre in the northern region.
