Delegation of Bac Ninh province promotes investment in United States

PPC’s Secretary Nguyen Anh Tuan (2nd from left) meets with representatives from leaders of US businesses.

On September 27, in Phoenix City, Arizona, Bac Ninh province, the Embassy of Vietnam in the United States and the GLobal Chamber jointly organized an investment promotion seminar with the theme "Bac Ninh - An Ideal Production Base in Vietnam", attracting more than 100 US businesses and a number of international businesses based in the US.

Businesses attending the seminar "Bac Ninh - An Ideal Production Base in Vietnam" take a photo with the Bac Ninh provincial delegation.

Speaking at the Seminar, Vice Chairman of the Provincial People's Committee Le Xuan Loi emphasized that since the normalization of relations between Vietnam and the United States (1995), the two countries have made great strides with many important achievements, striving to promote the dynamic development of the Comprehensive Partnership on the basis of respect for international law, independence, sovereignty, territorial integrity and political institutions of each other. As the two countries' relationship improves, Bac Ninh province focuses on promoting cooperation and attracting potential US partners and businesses (with high technology, semiconductor technology) to the province's production and business activities.

Vice Chairman of the Provincial People's Committee Le Xuan Loi speaks at the seminar "Bac Ninh - An Ideal Production Base in Vietnam ".

In addition, Bac Ninh province also issued a number of preferential mechanisms and policies, supporting infrastructure investment outside the fence for large-scale projects. Party committees and authorities at all levels always accompany and support investors in taking full advantage of preferential mechanisms and policies as well as settling investment procedures, land, premises, construction in the fastest time as prescribed. Administrative reform index: The satisfaction index of people and businesses with the services of the government is consistently at the top of the national ranking, Loi said.

PPC’s Secretary Nguyen Anh Tuan presents Bac Ninh craft village products to leaders of Google Group.

At the seminar, most investors agreed that Vietnam is an attractive, reliable and safe investment destination. Businesses hoped that when they come to Vietnam, they will return to Bac Ninh to conduct in-depth research on investment opportunities and fields, especially in the high-tech, semiconductor, electronics industries, etc.

PPC’s Secretary Nguyen Anh Tuan and Vice Chairman of the Provincial People's Committee Le Xuan Loi directly answer questions from businesses attending the seminar.

The semiconductor industry has a global market size of more than USD 520 billion in 2023. It is expected that in 2024, the revenue will reach USD 620 billion, increasing to USD 1,000 billion by 2030. Among which, the Asia-Pacific region currently accounts for about 50% of the market. R&D and manufacturing activities of high-tech products that the United States in general and the state of Arizona have advantages such as: semiconductors, aviation components and services, healthcare, finance, digital communications, technology and innovation are the areas in which Bac Ninh province is promoting investment and prioritizing investment attraction.

Bac Ninh province delegation visits Apple Corporation headquarters.

Directly answering, Secretary Nguyen Anh Tuan pledged that Bac Ninh province will accompany and handle administrative procedures, site clearance, provide high-quality human resources, security, property safety and convenient public services as quickly as possible. In addition, Bac Ninh provincial leaders also proactively grasp the difficulties and problems of investors to promptly resolve and remove them, Tuan added.

PPC’s Secretary Nguyen Anh Tuan and Vice Chairman of the Provincial People's Committee Le Xuan Loi receive leaders of Phoenix city.

After the seminar, Secretary Nguyen Anh Tuan worked with leaders of Amkor Group, Mayo clinic and Phoenix city.

Secretary Nguyen Anh Tuan introduced the potential, strengths, and incentives of Bac Ninh province to investors. In addition to a favorable geo-economic location, infrastructure and transport systems are developed, synchronously connected from roads, waterways, and airways, located in two major economic corridors: Cong Minh-Lao Cai – Hanoi - Hai Phong - Quang Ninh and Nam Ninh - Lang Son – Hanoi - Hai Phong - Quang Ninh. In recent years, Bac Ninh has been one of the localities with the fastest economic development rate of Vietnam with a favorable and attractive business environment. There is an abundant labor source, and the quality is getting higher and higher. The living environment is safe, convenient, and friendly, meeting the needs of foreigners.

Bac Ninh province delegation visits Amkor Group headquarters.

Previously, Secretary Nguyen Anh Tuan and the Bac Ninh delegation visited and worked with Google, Apple, and Amkor Groups. At the meetings, the Secretary requested the Groups to research and expand the scale of investment in Bac Ninh, support the province in training human resources in semiconductor chips, and prioritize the use of workers from Bac Ninh in particular and other provinces in Vietnam as well as focus on training and using this workforce after training in important positions of the Group.

PPC’s Secretary Nguyen Anh Tuan writes in the Traditional Book of Amkor Group.

In mid-September, Bac Ninh province successfully organized the conference to announce the Bac Ninh provincial planning for the period 2021–30, with a vision to 2050 and investment promotion in 2024. Witnessed by Prime Minister Pham Minh Chinh and leaders of central ministries and branches, Bac Ninh province awarded investment policy decisions, investment registration certificates, and memoranda of understanding to enterprises and investors with a total of 18 projects, with a registered capital of more than USD 5.6 billion. In the first 8 months of 2024, Bac Ninh attracted nearly USD 3.5 billion, becoming the leading locality in the country in attracting FDI capital.

During his working visit to the United States from September 23 to 25, General Secretary and President To Lam met with leading US investors and businesses in the chip and semiconductor sectors.

The leaders of Bac Ninh province pledged to work with competent central agencies to consider applying full incentives for investors as well as proactively and promptly resolve difficulties of investors and enterprises under the province's jurisdiction.