Bau Bang enjoys advantages for industrial acceleration

With a synchronous infrastructure system plus open investment attraction policies, Bau Bang district absorbed more investors over the past time. They significantly contributed to the local development.

Absorbing US$3.1billion in FDI capital

According to leader of Bau Bang district’s People’s Committee, the district over the past time had good coordination with sectors, departments and mass organizations in investment promotion. Upon this, the whole district has so far lured 912 investment projects, including 746 domestic investment projects with total registered capital of nearly VND28trillion and 166 FDI ones with total registered capital of US$3.1billion. In 2019 alone, the district lured 176 newly-registered projects and 21 extra-ones with more than US$500million and VND1.8trillion.

The above result came from the flexibility by leaders of the district in administrative reform and infrastructure development. Along with this, the district has also always ensured order and security, making investors feel secure in production and business.

Kazunori Uetsuji, General Director of Atago Vietnam Co.Ltd. said that after surveying Vietnam’s investment climate, Atogo Corporation of Japan decided to sort out Bau Bang industrial park for investment.

According to Huang Wei Wen, General Director of Ampacs International Co.Ltd., Ampacs Corporation selected Bau Bang industrial park for construction of its factory as the industrial park has a synchronous infrastructure system with good administrative reform. This is the corporation’s largest factory with total investment of more than US$2million for 2 phases.

Taking effective solutions

With a target of becoming an industrial and urban hub in the northern region of the province, Bau Bang district has focused on building up the local open investment climate, absorbing more investors.

To lure more investors, the district made efforts in investment promotion over the past time. The district also actively carried out preferential policies for enterprises; created favorable conditions for enterprises with projects under the local priority list…

Le Khac Tri, Chairman of the district’s People’s Committee said that along with the province’s policies, the district will continue strengthening administrative reform; boosted investment promotion… in order to attract more investors. The district has urgently fulfilled site clearance and compensation to carry out the My Phuoc-Bau Bang main street, the North Tan Uyen-Phu Giao-Bau Bang main street…In addition, the district will soon perfect the local traffic system for synchronous development at investors and locals’needs.

In 2020, the district will strive to reach the growth of 22%-23%, 24%-25% and 4%-5% in terms of industrial manufacture-construction, total retail sales revenue of commodities and services compared to 2019, respectively. The district’s total State budget collection will be more than VND1trillion while total State budget spending will be VND781billion.

Reported by Thoai Phuong-Translated by K.T