Nearly $ 5.5 billion committed to investment in Bac Ninh

At the conference themed "Bac Ninh - Kinh Bac, Flourishing Investment," held at the Kinh Bac Cultural Center in Bac Ninh City, the Bac Ninh Provincial People's Committee awarded investment registration certificates, investment decisions, and memorandums of understanding for numerous large projects and partners both domestically and internationally.

Notably, the South Korean conglomerate Samsung has committed to expanding its investment with a registered total of $ 1.8 billion this year, in addition to the $ 6.5 billion already invested in the Yen Phong industrial park.

Amkor Technology Vietnam Co., Ltd. also decided to expand, increasing its investment by nearly $ 1.1 billion for a factory project producing, assembling, and testing semiconductor materials and equipment.

The Investment Joint Stock Company of the Vietnam Industry Bank (owned by Phu My Hung Company) received approval for the investment decision to construct an ecological urban area in Thuan Thanh district with a total investment of VND 27 trillion, equivalent to $ 1.06 billion.

Additionally, many large projects in the electronics sector were granted investment registration certificates, including a project by Goertek Vina Co., Ltd. with a total investment of $ 410 million; a factory project by Foxconn with a total investment of over $ 383 million; a project by Goertek Vina Co., Ltd. with a registered investment of $ 280 million; and a high-precision printed circuit board project by Victory Giant Technology (Singapore) with a registered investment of $ 260 million.

Moreover, Aeon Mall Vietnam Co., Ltd. was awarded a memorandum of understanding to research and develop the Aeon Mall commercial project during 2024 - 2025 with an estimated total investment of $ 190 million.

Thus, the total investment committed by enterprises both domestically and internationally at this conference reached $ 5.483 billion. Specifically, for foreign direct investment (FDI), Bac Ninh province leads the country in attracting FDI with over $ 4.3 billion in the first nine months of 2024.

Attending and addressing the conference, Prime Minister Pham Minh Chinh praised and welcomed the enterprises and investors who chose Bac Ninh province for their investments, expressing confidence that the projects would be successfully implemented.

The Prime Minister urged Bac Ninh province to orient its actions based on the guiding principle of "unlocking potential, affirming identity, steadfast in goals, and creating prosperity," aiming for the vision of "Bac Ninh: cultured, gathering excellence, united, resilient, prosperous, and happy."He also emphasized the need for Bac Ninh to urgently develop, issue, and actively implement an effective planning execution plan, capitalizing on the proud tradition of the land and people of Kinh Bac to achieve breakthroughs.

Specifically, the Prime Minister requested that Bac Ninh province focus investment resources on the industrial and service sectors, emphasizing the development of potential industries and attracting investments in new industry groups. Continued efforts should be made to enhance strategic infrastructure investment, develop key industries, and high-tech industries, and transform and expand industrial parks in an environmentally friendly direction.