The northern province of Bac Ninh has earned 29.85 billion USD from exports so far this year, ranking second nationwide in export revenue, following Ho Chi Minh City.
A production chain of Samsung in Bac Ninh province (Photo: VNA)
Bac Ninh (VNA) – The northern province of Bac Ninh has earned 29.85billion USD from exports so far this year, ranking second nationwide in exportrevenue, following Ho Chi Minh City.
With that figure, Bac Ninh contributed 14.9 percent to the country’s total exportvalue.
According to Nghiem Dinh Thuan, head of the provincial Statistics Office, BacNinh’s export revenue mainly came from the foreign direct investment (FDI)sector, with the most noteworthy Canon, Microsoft, Foxconn, Samsung ElectronicsVietnam and Samsung Display Vietnam.
In February 2017, the Prime Minister gave a nod to an expansion project ofSamsung Display Vietnam, raising the company’s accumulated investment inVietnam to 6.5 billion USD.
Bac Ninh’s export value is expected to hit 30 billion USD in 2017.-VNA
The northern province of Bac Ninh is leading the country in foreign direct investment (FDI) attraction, drawing over 2.6 billion USD from 14 newly-licensed projects and 48 capital-added projects in the first quarter of this year.
The northern province of Bac Ninh has drawn nearly 3 billion USD in investment capital since the start of the year, reported the provincial Management Board of Industrial Parks.
The northern province of Bac Ninh plans to roll out a total 3.2 million square metres of commercial houses to the market by 2022 and develop additional social housing projects to meet demand.
Prime Minister Nguyen Xuan Phuc has reminded the northern province of Bac Ninh to choose projects that match its plan to develop itself into a hi-tech industrial locality.
The northern province of Bac Ninh had attracted 1,102 foreign direct investment (FDI) projects by the end of October with total registered capital of 15.8 billion USD, sixth among the 63 cities and provinces nationwide in FDI attraction.
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On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
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Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
A production chain of Samsung in Bac Ninh province (Photo: VNA) 
