Bac Ninh ranks first in country in attracting foreign direct investment
(BNP) – In the first 9 months of 2024, Bac Ninh has focused on implementing the 2024 Work Theme and achieved some outstanding results. Many economic indicators increased compared to the same period in 2023 and ranked among the top in the country. In particular, attraction of foreign direct investment (FDI) led the country.
Chairman of the Provincial People's Committee Vuong Quoc Tuan (left) presents the Memorandum of Understanding on the Samsung Display Project for the production of screens and electronic components with a capital of USD 1.8 billion at the Conference to announce the Planning and Investment Promotion of Bac Ninh Province.
Since the beginning of 2024, foreign affairs and cooperation activities with localities and units have been promoted, contributing to enhancing the position of Bac Ninh province. Working delegations of provincial leaders have promoted investment and sought development cooperation opportunities in many countries such as China and some European countries; organized receptions; received and worked with delegations from countries visiting and exploring investment opportunities in Bac Ninh.
Provincial leaders met with Samsung Vietnam, as well as typical Chinese, Taiwanese, Japanese, and Vietnamese firms. They also visited and worked with Canon Vietnam Co., Ltd. and Goertek Vina Co., Ltd. to share and resolve difficulties and recommendations. The provincial leaders also received and worked with Amkor Technology Vietnam Co., Ltd., Chairman of Goertek Group, Johnson Group (Taiwan - China), CMC Technology Group, Delegation of the Federal Republic of Germany, Kine SIC Semi Company (USA), Yangzhou City Delegation, and President of Timor-Leste to explore investment opportunities in the province...
From the beginning of the year to September 2024, the province has granted 330 new FDI projects (1.5 times higher) with a total capital of USD 1.5 billion (1.9 times higher), ranking first in the country. In addition, 135 projects adjusted capital, with an increase of USD 1.6 billion; contributed capital, purchased shares, and contributed capital was 30 times, totaling USD 51.2 million; and 55 projects were revoked. Investment registration has been granted to 2,413 valid projects with a total capital of USD 28.2 billion.
Especially, at the Conference to announce the Planning and Investment Promotion of Bac Ninh Province held on the afternoon of September 22, Bac Ninh Province awarded Investment Policy Decisions, Investment Registration Certificates, and Memorandums of Understanding to 18 major projects with a total investment capital of more than USD 5.6 billion.
Notable projects include: Samsung Display's electronic components and screen manufacturing project with a capital of USD 1.8 billion; Amkor Technology's semiconductor manufacturing, assembling and testing factor with a capital of nearly USD 1.1 billion; Hong Hac - Xuan Lam Ecological Urban Area Project with a capital of more than USD 1 billion; Goertek Vina Company's factory manufacturing electronic products, network equipment and multimedia audio products with a total investment of USD 410 million... From large FDI projects, Bac Ninh continues to introduce its potential, advantages and attractive incentive policies to attract investment from new partners.
