The northern province of Bac Ninh continues to be a top destination for foreign direct investment in Vietnam, thanks to its investor-friendly environment, modern infrastructure, and abundant workforce, according to the Ministry of Planning and Investment’s Foreign Investment Agency.
Bac Ninh (VNA)ꦅ – The northern province of Bac Ninh continues to be a top destination for foreign direct investment in Vietnam, thanks to its investor-friendly environment, modern infrastructure, and abundant workforce, according to the Ministry of Planning and Investment’s Foreign Investment Agency.
Chinese investors, particularly those from Shenzhen, are showing keen interest in Bac Ninh's semiconductor and high-tech chip manufacturing sectors, said Hu Wen Da, Chairman of Zhong’an Jichuang Investment Co., Ltd. The province's attractive investment climate has prompted the company to consider investing in the area and encouraging other Chinese firms to follow suit.
Bac Ninh has experienced a surge in foreign investment this year, with 279 new projects approved since the beginning of the year, a 53.3% increase compared to the same period last year. Additionally, existing projects have received an additional 1.2 billion USD in investment, while capital contributions and share purchases totalled 40.9 million USD.
The province has ambitious plans for the future. A recently-approved list outlines 167 projects covering over 11,600 ha, with a focus on agriculture, commerce, services, residential and urban development, social housing, industrial zone infrastructure, and social amenities.
Major global corporations, including Goertek, Amkor, Foxconn, Suntory Pepsico, and Victory Giant Technology, are looking to expand their operations in Bac Ninh.
To reach the goal of attracting a total of 7 billion USD in foreign investment this year, the province is taking a series of measures to improve business environment, enhance workforce quality, and promote investment opportunities./.
Projects carried out by investors from the Republic of Korea (RoK) in the northern province of Bac Ninh are expected to create a highlight in the locality’s urban development in the coming years, Secretary of the provincial Party Committee Nguyen Anh Tuan said on July 16.
A conference was held on June 26 to review the implementation of a Memorandum of Understanding (MoU) on tripartite cooperation between the Ministry of Industry and Trade (MoIT), the People's Committee of Bac Ninh province, and Samsung Electronics Vietnam Co., Ltd. regarding a programme to support Vietnamese enterprises in Bac Ninh.
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