Bau Bang absorbs over VND2.1billion in FDI capital

After three years of establishment, along with the province’s policy “Rolling out the red carpet to absorb investment”, Bau Bang district has coordinated with Becamex IDC, the investor of the Bau Bang urban-industrial zone to implement many programs and plans to attract investors.

Tran Thanh Liem (central), Vice-Secretary of provincial Party Committee, Chairman of provincial People’s Committee handing over investment licenses to enterprises at the Bau Bang urban-industrial park

The whole district has so far lured 418 domestic investment projects capitalized at more than VND24.9trillion and 82 FDI ones totaling US$2.11billion. Among them, many with great capital include the 99-hectare project of Polytex Far Eastern Co.Ltd. with US$274million; the 3-hectare project of Yue Chang Vietnam Co. with US$10million…

With a goal of striving to become an urban-industrial hub in the northern region of the province, the district has promoted clean and hi-tech industries, built an open investment climate to lure investors; perfected traffic and infrastructure systems; constructed hospitals, cultural hospitals, social houses…at the local rapid urban industrial development.

Reported by H.Pham-V.Thang-Translated by K.T

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