The signing and exchange of memorandums of understanding took place at the conference announcing the planning and investment promotion plan for the year 2024 of Bac Ninh province. Prime Minister Pham Minh Chinh, along with several leaders of international organizations and diplomatic agencies, attended the event on the afternoon of September 22.
Prime Minister witnesses the handing over of investment registration certificates, investment policy decisions, and memorandums of understanding with projects and partners. Photo: VGP
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Notably, the Samsung Group 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.
Joint Stock Commercial Bank Union Investment Corporation 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 Company also decided to expand, with an additional investment of nearly 1.1 billion USD for the project of manufacturing, assembling, and testing semiconductor materials and equipment.
Several large projects in the electronics field were granted investment registration certificates, including a factory project by investor Foxconn (Singapore) with a total investment of over 383 million USD; a factory project by Goertek Vina Technical and Scientific Company with a total registered investment of 280 million USD; a high-precision printed circuit board project by investor Victory Giant Technology (Singapore) with a total registered investment of 260 million USD; and a project by Goertek Vina Smart Technology Company with a total investment of 410 million USD.
Aeon Mall Vietnam Company was presented with a memorandum of understanding on researching and developing the Aeon Mall commercial project in the period of 2024-2025 in Bac Ninh province, with a total expected investment of 190 million USD.
From the beginning of the year to August 31, Bac Ninh province granted new registrations and capital adjustments for 318 projects with a total capital of 3.47 billion USD. Compared to the same period, FDI into Bac Ninh increased by 194%. High-tech, electronics, and semiconductor industries attracted the most investment.
Prime Minister Pham Minh Chinh also handed over the approved planning for Bac Ninh province for the period of 2021-2023 and a vision towards 2050 to the provincial leaders. Accordingly, Bac Ninh aims to become a centrally-governed city by 2030 and a dynamic economic and cultural center in the northern region, as well as one of the development poles of the Red River Delta, closely connected to Hanoi, the capital city.
By 2050, Bac Ninh is expected to be among the leading localities in the country in terms of economic scale. At the same time, the province will become one of the leading centers for high-tech industry, research and development, and smart production in Asia and the world.
“A Vision for Prosperity: Elevating Dong Nai’s Economy to the Forefront of Vietnam”
Working alongside the leadership of Dong Nai province, Prime Minister Pham Minh Chinh proposed that the province should embrace the spirit of “3 pioneers” and focus on 8 key tasks. The aim is to propel Dong Nai to the forefront of economic development in Vietnam, envisioning it as a province renowned for its civility, modernity, and high income, placing it among the nation’s elite.
The Evolving Trade Dynamics: US-Vietnam Bilateral Trade Nears $90 Billion Landmark
The latest figures from the Ministry of Industry and Trade reveal a robust bilateral trade relationship between Vietnam and the United States. In the first eight months of 2024, two-way trade between the nations soared to $87.7 billion, showcasing significant growth in both export and import activities.
The Eco-Friendly Revolution: Vietnam’s Success in Large-Scale Production of Pineapple Leaf Fiber, Yarn, and Fabric
This achievement marks a significant turning point for the connection between Vietnam’s pineapple agriculture and the global Green Fashion trend.
The Northern Province’s Appeal: A Prime Minister’s Vision for Foreign Investment in Vietnam’s Smallest Province
On the afternoon of September 22nd, Prime Minister Pham Minh Chinh attended a conference in Bac Ninh city to announce the province’s master plan for the period of 2021-2030, with a vision towards 2050, and to promote investment in Bac Ninh province in 2024.
The Second-Tier City in the Mekong Delta Receives Over-10-Trillion VND Investment for Urban Upgrades
The project is an extensive undertaking, with 34 tenders released for implementation.
