On January 2, The People's Committee of northern Bac Ninh province granted investment registration certificates to 18 domestic and foreign enterprises on January 2,  with total registered capital of $1.8 billion.

Of the figure,  $1.67 billion was contributed  by FDI enterprises, according to the national radio broadcaster Voice of Vietnam.

During the granting ceremony, Secretary of the provincial Party Committee Nguyen Anh Tuan expressed his gratitude to the investors for their confidence in the locality. He affirmed the province's commitment to supporting investors and businesses throughout their development journey in Bac Ninh.

Mr. Tuan also encouraged both foreign and domestic investors to focus on infrastructure, high technology, and supporting industries. He emphasized the importance of creating integrated value chains, production chains, and supply chains between FDI investors and domestic enterprises.

He hoped that FDI enterprises would have a positive spillover effect on technology, management, labor skills, and supply chains for domestic manufacturers in Vietnam.

He urged provincial departments and agencies to streamline the procedures for granting Investment certificates and approvals, ensuring a faster and more efficient process.