(BNP) - Continuing the working program of the delegation led by General Secretary To Lam during the State visit to Korea, Chairman of the People's Committee of Bac Ninh province Vuong Quoc Tuan on August 12, attended the Vietnam - Korea Economic Forum with the theme "Cooperation to develop production chains in the new era".
Chairman Vuong Quoc Tuan (front row, second from left) and representatives from units and enterprises exchange cooperation agreements.
During meetings with Korean partners and enterprises, Chairman Vuong Quoc Tuan discussed the province's potential strengths, preferential policies for investment attraction and the operations of Korean enterprises in Bac Ninh province.
Chairman Vuong Quoc Tuan reported that in the first seven months of this year, Bac Ninh province approved 237 new foreign direct investment (FDI) projects with a total registered capital of over USD 1.09 billion. Additionally, capital adjustments were made for 155 existing FDI projects, resulting in an additional USD 2.51 billion. Accumulated to July 20, 2025, the whole province has 3,284 projects (still valid) of enterprises from 44 countries and territories with a total registered investment capital of over USD 45 billion.
Chairman Vuong Quoc Tuan (2nd from left) at the Vietnam - Korea Economic Forum.
Bac Ninh’s industrial production value reached over USD 51 billion. Of this, Korean investors account for 1,142 active projects with a total registered capital of approximately USD 18.5 billion and disbursed capital of about USD 16.8 billion. Korea ranks first in Bac Ninh in terms of total investment capital, number of projects, and export value. Notably, the industrial production value generated by Korean enterprises contributes around 40% of the province’s total industrial output.
Vuong Quoc Tuan hoped that the Korean business community would continue to pay attention to researching and exploring opportunities for cooperation and investment in projects in Bac Ninh province. Bac Ninh province is committed to always accompanying, supporting and creating the most favorable conditions for the business community in general, especially Korean businesses, to invest in production and do business effectively in the province
General Secretary To Lam meets with leaders of large Korean corporations. Chairman Vuong Quoc Tuan (far right) attends the Forum.
On this occasion, Chairman Vuong Quoc Tuan signed a Memorandum of Understanding with SI FLEX Vietnam Co., Ltd. on expanding the project in Quang Chau Industrial Park with a total investment capital increase of about USD 200 million, raising the total investment capital of the project to USD 499 million.
SI FLEX Vietnam Co., Ltd. implemented the project in Quang Chau Industrial Park with an area of nearly 140 thousand m2, investment capital of USD 299 million and started operating since 2014. The main business is manufacturing electronic circuit boards. The Company is currently employing 5,400 workers with an average salary of 12.5 million VND/person/month. The Company's annual export value reaches about USD 600 million, contributing over VND 70 billion to the annual budget.
Chairman Vuong Quoc Tuan (far right) attends the meeting between General Secretary To Lam and leaders of several large Korean corporations.
After increasing investment capital, SI FLEX Company Limited plans to put the expansion project into operation in 2027 - 2028, creating new jobs for 3,600 workers; annual export value is expected to reach over USD 1 billion, and annual budget contribution is over VND 100 billion.
Also this afternoon (August 12), General Secretary To Lam and Chairman Vuong Quoc Tuan met with 18 large Korean corporations; representatives from ministries, branches, localities and a number of large Vietnamese corporations. Representatives from a number of large Korean corporations shared investment orientations in the coming time and some recommendations to strengthen cooperation in the fields of industry, energy, technology, services and infrastructure.
