On September 22nd, at the Conference for the Announcement of the Master Plan for the 2021-2030 period, with a vision towards 2050, and the Promotion of Investment in Bac Ninh Province in 2024, the province granted investment registration certificates, investment policy decisions, and memoranda of understanding to various projects and partners.
Notably, Samsung committed to expanding its investment with a total registered capital of 1.8 billion USD this year, in addition to the 6.5 billion USD already invested in the Yen Phong Industrial Park.
Samsung commits to expanding its investment with a total registered capital of 1.8 billion USD this year.
The Bank Union Investment Joint Stock Company received a decision approving the investment policy for the construction of an eco-urban area in Thuan Thanh town, with a total investment of 27 trillion VND, equivalent to 1.06 billion USD.
Amkor Technology Vietnam Co., Ltd. also decided to expand its investment, with an additional capital of nearly 1.1 billion USD for its project on the manufacturing, assembly, and testing of semiconductor materials and equipment.
Numerous large-scale projects in the electronics field were granted investment registration certificates, including a factory project by Foxconn (Singapore) with a total investment of over 383 million USD, and a project by Goertek Vina Technical Science Company Limited with a total registered investment of 280 million USD.
Other significant projects include a high-precision printed circuit board project by Victory Giant Technology (Singapore) with a total registered investment of 260 million USD, and a project by Goertek Vina Smart Technology Company Limited with a total investment of 410 million USD.
Amkor Technology Vietnam also decided to expand, with an additional investment of nearly 1.1 billion USD.
Aeon Mall Vietnam Co., Ltd. was presented with a memorandum of understanding for the research and development of the Aeon Mall commercial project in the 2024-2025 period in Bac Ninh Province, with a total expected investment of 190 million USD.
Thus, approximately 5.5 billion USD worth of projects were announced on September 22nd.
In the first nine months of 2024, Bac Ninh Province led the country in attracting foreign investment, reaching 4.3 billion USD. Following the Conference, it will grant a new investment certificate to Samsung for 1.8 billion USD, bringing the total investment to 6.1 billion USD by October. The province has attracted over 35 billion USD in investment so far.
Bac Ninh Has the Smallest Natural Area in Vietnam
Located within the economic triangle of Hanoi-Haiphong-Quang Ninh and serving as the northeastern gateway to the capital, Bac Ninh is adjacent to major economic centers in the north and has great potential for attracting foreign and domestic investment.
Bac Ninh has the smallest natural area in Vietnam (822.7 km2) but a population of over 1.5 million people (ranked 22nd out of 63 provinces and cities), and the third-highest population density in the country.
The province boasts a synchronous infrastructure system, including information technology, telecommunications, electricity, water, and housing. It offers a favorable and open business environment, facilitating a rapid growth in the number of enterprises.
By 2030, Bac Ninh aims to become a centrally-governed city.
Bac Ninh also has significant potential for tourism development, boasting a rich cultural heritage and a thousand-year historical legacy. The province is home to numerous historical relics, temples, pagodas, and ancient architectural works, as well as a treasure trove of folk culture.
By 2030, Bac Ninh aims to become a centrally-governed city and a dynamic economic and cultural center in the northern region.
It will be one of the key development hubs in the Red River Delta, closely linked to Hanoi. The province will feature a synchronous and modern socio-economic infrastructure system, ensuring national defense, security, and social order. The goal is for the people of Bac Ninh to enjoy a prosperous, civilized, and happy life.
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