Bau Bang district has implemented many programs on socio-economic development since early this year. Especially, the district has continued well realizing policies on investment and absorbed more investors.
Absorbing nearly US$3billion in FDI capital
Nguyen Huu Chi, Secretary of Bau Bang district’s Party Committee said that through provincial People’s Committee’s policy calling for investment, the district has coordinated with sectors, departments and localities to strengthen investment attraction. Upon this, the district has absorbed 827 investment projects, comprising of 680 domestic projects with total registered capital of more than VND26trillion and 147 FDI ones with total registered capital of more than VND2.93billion.
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Production of Atogo Garment Vietnam Co.Ltd. in the Bau Bang industrial park
The above success came from the efforts by the district’s leaders in administrative reform and infrastructure development. Along this, the local order and security situation over the past time was ensured, helping investors feel secure in production and business…
Huang Wei Wen, General Director of Ampacs International Co.Ltd. said that the company decided to select the Bau Bang Industrial Park for construction of its electronic headphone factory. “I have spoken highly of infrastructure facilities at the Bau Bang Industrial Park as well as the efforts by leaders of the district in quickly dealing with investment procedures. This is the biggest factory of Ampacs with total investment capital of more than US$50million”, he said.
Selective investment attraction
Towards clean industrial production, Bau Bang district has given priority to projects with great capital in fields in line with the provincial and local plans; limited industrial development outside industrial parks and compounds.
Le Khac Tri, Chairman of the district’s People’s Committee said that in order to develop industrial manufacture in the right direction, the district will promote the local urban and industrial development based on the overall socio-economic development plans of the province and the southern key economic zone. Particularly, the district will strive to get the 20% growth of industrial production value till 2020. The district will focus on fostering industrial parks under the trend of perfecting infrastructure facilities, making synchronous investment in terms of production, services and housing inside and outside industrial parks.
Accordingly to leaders of the district, the district will further call for investors for the rest of the year. Together with the province’s preferential investment policies, the district has carried out its own policies on investment attraction, including further simplifying administrative procedures, perfecting traffic infrastructure facilities…
It is known that the district’s industrial production value in the first half of 2019 was estimated at more than VND5.48trillion, up 22.2% compared to the same period last year. As planned, the district’s value in 2019 will be more than VND16.9trillion.
Reported by Hoang Pham-Translated by K.T
