HCMC – The northern province of Bac Ninh has attracted more than US$2 billion in new foreign direct investments (FDI).

This year Bac Ninh has seen 124 new projects registered with a total investment of US$318.8 million, up 7.8% in the total number of projects.

There have been 118 projects FDI projects adding US$1.67 billion in capital.

Foreign investors have also spent US$47.5 million contributing capital to and acquiring shares from companies in the country.

So far, the province has had 1,799 valid FDI projects with total capital amounting to over US$23.1 billion.

Bac Ninh has stepped up administrative reforms and made the investment environment more favorable.