Business

Bac Ninh industrial park welcomes high FDI inflow

The Yen Phong Industrial Park in the northern province of Bac Ninh has drawn 7.5 billion USD in investment, including 7.2 billion USD from foreign investors.
Bac Ninh industrial park welcomes high FDI inflow ảnh 1Local authorities present the investment license to representative of Samsung Display Vietnam. (Source: VNA)

The Yen Phong Industrial Park in the northern province of Bac Ninh has drawn 7.5 billion USD in investment, including 7.2 billion USD from foreign investors.

It recently welcomed a three-billion-USD project invested by Samsung Display Vietnam to build a Research and Development (R&D) plant, marking the second biggest project from the Republic of Korea’s Samsung Group in Vietnam.

The facility is expected to create jobs for 20,000 labourers and earn 60 billion USD in 2020.

The 246-hectare Yen Phong IP, invested by the Vietnam ceramics corporation Viglacera has also made significant contributions to the province’s export value.

In the first seven months of this year, firms in the park earned 10.3 billion USD, accounting for 40 percent of the province’s expected export value of 25 billion USD this year.-VNA

VNA
#Yen Phong Industrial Park#Bac Ninh#investment#Samsung#Viglacera
Follow VietnamPlus

Related News

Samsung invests 3 billion USD in Bac Ninh

Samsung invests 3 billion USD in Bac Ninh

Bac Ninh authorities presented an investment licence to Samsung Display Co. Ltd on August 6, marking an upcoming flow of 3 billion USD from the company into the northern province.
Bac Ninh's FDI climbs to 7.83 billion USD

Bac Ninh's FDI climbs to 7.83 billion USD

The cumulative foreign investment in the northern province of Bac Ninh was worth 7.83 billion USD as of June 20, ranking it ninth out of the country's 63 provinces and cities, the Foreign Investment Agency said.

See more

Industrial factories in Tan Uyen city, the southern province of Binh Duong (Photo: VNA)

Investors upbeat about Vietnam’s industrial property market

Investors are bullish on Vietnam's industrial property market growth on the back of the nation's strategic location, sound infrastructure, and increasing demand for industrial space, particularly industrial parks that meet green standards, according to market research.

Vietnamese Ambassador to Belgium and head of the Vietnamese Delegation to the EU Nguyen Van Thao addresses the forum (Photo: VNA)

Forum connects Vietnamese, Belgian busineses

The Vietnam-Belgian business forum took place in Brussels on October 23, offering a chance for enterprises of the two countries to introduce their products and explore new cooperation opportunities.

The expos cover over 6,000 sq.m, drawing over 210 exhibitors from 10 countries and territories. (Photo: VNA)

Hanoi hosts textile & garment, fabric garment accessories expos

The Vietnam Hanoi Textile & Garment Industry and Fabric Garment Accessories Expos 2024 (HanoiTex & HanoiFabric 2024) is taking place in Hanoi on October 23 – 25 as part of a series of international exhibitions on Vietnam's textile and garment industry.

Representatives from Vietnamese and Lao agencies, localities and businesses at the opening ceremony of the Vietnam-Laos trade fair 2024 in Xiengkhouang province. (Photo: VNA)

Vietnam, Laos step up trade, tourism promotion

A Vietnam-Laos trade fair was kicked off in Phonsavanh township in Xiengkhouang province of Laos on October 23 as part of activities to celebrate the 75th anniversary of the traditional day of Vietnamese volunteer soldiers and experts in Laos (October 30, 1949 – 2024).

Illustrative photo (Photo: chinhphu.vn)

Vietnamese goods enter US through global supply chain

The Saigon Co.op Distribution Company Limited (SCD) - a member of the Ho Chi Minh City Union of Trade Cooperatives (Saigon Co.op), and STC Natural Vina Company on October 23 held a hand-over ceremony for goods that will be exported to the US.

Vietnam’s lobsters have clawed their way back onto Chinese menus after a suspension. (Photo: VNA)

Vietnam’s lobsters claw back prominence in China

Vietnam’s lobster export to the Chinese market in January-September rose 33 folds year-on-year on the back of lower prices and stronger trade ties between the two nations, the South China Morning Post said on October 22.