Bac Ninh’s IP welcomes 1.6-bln-USD semiconductor manufacturing project
The Viglacera Real Estate Company and Amkor Technology, Inc., one of the world's largest providers of outsourced semiconductor packaging, design, and test services, have recently signed a contract in principle to lease land to build a project for manufacturing, assembling and testing semiconductor materials at Yen Phong II-C Industrial Park in the northern province of Bac Ninh.
Amkor Technology, Inc. headquartered in the US. (Photo: Amkor)
Hanoi (VNA) - The Viglacera Real Estate Company and AmkorTechnology, Inc., one of the world's largest providers of outsourcedsemiconductor packaging, design, and test services, have recently signed acontract in principle to lease land to build a project for manufacturing,assembling and testing semiconductor materials at Yen Phong II-C IndustrialPark in the northern province of Bac Ninh.
Accordingly, Amkor Technology will invest 1.6 billion USD betweennow and 2035 to build a plant to manufacture, assemble and test semiconductorproducts on a site of 23ha in the IP.
Construction of the project is expected to begin in thefirst quarter of next year.
The first phase of the project will focus on the production,assembly and testing of semiconductor materials for the world's leadingsemiconductor and electronic manufacturing companies.
“This is a strategic, long-term investment in geographicaldiversification and factory capacity expansion, supporting the company’s commitmentto reliable supply chain solutions for our customers. Factory utilization ishigh, particularly at our advanced packaging sites, and we expect the strongmarket demand for assembly and test solutions to continue. Investing in BacNinh expands our manufacturing footprint in support of customer need for analternative cost-competitive supply chain solution for Advanced System inPackage (SiP) – and for other packaging solutions in the future,” GielRutten, Amkor’s President and Chief Executive Officer, said in a press statement.
“Support from Bac Ninhand a strong labour force make Bac Ninh an excellent choice for this expansion,and we expect this new facility to become an important part of our assembly andtest network in the future,” he said.
Established in 1968, with headquarters in Arizona, the US,and 17 factories in China, Japan, the Republic of Korea, Malaysia, the Philippines,Portugal and Taiwan (China), Amkor Technology, Inc. is considered one of theworld's largest manufacturers, assemblers and testers of semiconductormaterials, and is currently a strategic manufacturing partner for the world'sleading chip companies, chip foundries and microchips such as Qualcomm,Samsung, NVIDIA, Foxconn, Broadcom, LG, and SK Hynix./.
That the integrated circuit market in Vietnam has huge potential, but no significant action for its development has been taken recently, is experts’ scathing verdict.
Semiconductor chip shortage has caused a crisis for major automobile producers in the world, forcing them to suspend production and extend the time to deliver their products, but for Vietnamese ones, the impacts are quite minor as they still can ensure normal production and business activities, according to insiders.
Indonesian Industry Minister Agus Gumiwang Kartasasmita said on August 31 that the country is moving towards self-producing semiconductor chip products, in line with the government's goal of reducing dependence on import.
Despite impacts of the COVID-19 pandemic, Vietnam is still attractive in the eye of foreign investors in the electronic industry, according to Taiwan-based website Digitimes.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
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.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
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.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
Amkor Technology, Inc. headquartered in the US. (Photo: Amkor) 
