Many Localities in the North Succeeded in Attracting of Foreign Investment

Many Localities in the North Succeeded in Attracting of Foreign Investment

From the achievements in attracting FDI in the past years, many provinces in the North have put a lot of hopes on the impact of FDI inflows as an important driving force to help the local economy continue to flourish in the time ahead.

Investment in Vietnam - At the conference with the northern provinces on Foreign Investment recently in 2017, Mr. Nguyen Noi, Deputy Director of the Foreign Investment Department, said that the successful results from the figures of foreign investment this year showed the effort not only from the active direction and coordination from the Ministry of Planning and Investment, in particular the Foreign Investment Agency with localities, but also from the important role of each locality in promoting investment, solving the problems of investment policy. It created a transparent and open investment environment and viewed as favorable conditions for foreign investors to do business and produce successfully.

Currently, many provinces in the North are considered as "bright spots" in attracting FDI, such as Hanoi, Bac Ninh, Vinh Phuc ...

For Hanoi, with the amount of FDI capital received so far is US$ 2.3 billion. According to representatives of the Department of Planning and Investment of Hanoi City, there has been a great deal of effort from the authorities in promoting investment. The city has contacted about 300 delegations, including many foreign companies paying attention to the investment environment of Hanoi as evidence for the first 10 months of 2017.

It is known that in 1998, if Vinh Phuc attracted only 8 FDI projects, Up to October 2017, there were 255 projects in force with a total registered capital al of over US$ 3.7 billion deployed on Vinh Phuc province. At present, many leading brands in the automobile and motorbike industry such as Honda, Toyota ... have also chosen Vinh Phuc as their key investment area.

The number of FDI projects has increased rapidly in both quantity and quality in recent years, directly contributing to the budget revenue of Vinh Phuc province. In 2016, the province's total domestic revenue reached VND 29 trillion. According to the representative of Vinh Phuc People's Committee, this number mostly contributed by FDI enterprises.

At the conference, representatives of the Department of Planning and Investment of Bac Ninh province also highly appreciated the contribution of FDI in socio-economic development in the locality. In particular, foreign investment helps to connect with domestic enterprises, especially in the field of supporting industries.


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