Attracting FDI capital is the top in the country.
Amkor Technology is the world's leading semiconductor group. In November 2021, the group started construction on its world's largest semiconductor factory project in Yen Phong II-C Industrial Park (Bac Ninh), with a total investment of 1.6 billion USD. In August 2024, the project was completed and started operating, then exported the first batch of semiconductors 2 months later.
Mr. Ji Jong Rip - General Director of Global Manufacturing Operations, Amkor Technology highly appreciated the investment environment in Bac Ninh province.
Mr. Ji recalled that in September 2024, Bac Ninh and many other localities across the country experienced storm Yagi, which caused serious damage to production and people's lives. During the most intense storms, businesses were still supplied with electricity, ensuring stable production activities, without interruption for even 1 minute.
"This shows the concern and companionship of provincial leaders with businesses in all situations and difficulties, for the development of businesses," said the General Director of Global Production Operations at Amkor Technology.
Amkor is just one of thousands of FDI investors setting up projects and production bases in the smallest province in the country. As of September 2024, Bac Ninh industrial parks attracted nearly 2,100 secondary projects, including nearly 1,430 FDI projects. In addition to Amkor, many large corporations in the world also came to Bac Ninh to invest, such as: Samsung, Foxconn, Canon...
In 2024, Bac Ninh will lead the country in total FDI attraction with nearly 5.04 billion USD, accounting for 16% of the country's total investment capital, more than 3 times higher than the same period.
Positive FDI attraction results contributed to helping Bac Ninh achieve and exceed 17/17 socio-economic targets set for 2024. Of which, GRDP increased by 6.03% compared to 2023.
Bac Ninh's "neighboring" province, Bac Giang, is also a bright spot in attracting FDI investment. In 2024, Bac Giang attracted 2.23 billion in FDI capital, ranking 11th in the country. Stable FDI attraction will continue to contribute to Bac Giang's economic growth rate (GRDP) in 2024 of 13.85%, ranking first in the country.
What is the secret?
According to Mr. Vuong Quoc Tuan, Chairman of Bac Ninh Provincial People's Committee, for many years, Bac Ninh has chosen to attract investment projects according to the criteria "Two less - Three high - Four ready - One no".
In which, 'two less' means less land use, less labor use.As the locality with the smallest natural land area, Bac Ninh has focused on encouraging high-tech projects, saving land and using less labor.
Second, 'three high' means high investment capital of FDI projects, high technology and high economic efficiency.The purpose is to expand the spread of projects, limit environmental pollution, as well as contribute to and increase economic growth.
Third, 'four ready' includes: ready land; ready high-quality human resources; ready mechanisms, reform procedures, preferential policies, make the most of preferential policies on law; ready to support and solve all difficulties.And finally 'one no' is no environmental pollution.
Not only that, in order to strengthen the confidence of businessmen in the determination and practical actions of authorities at all levels, Bac Ninh province has organized regular meetings with businessmen.
"Bac Ninh province organized a meeting with businessmen and enterprises belonging to the Association of Small and Medium Enterprises, the Association of Young Entrepreneurs, the Union of Cooperatives, foreign investors, production and business households...
Each meeting is divided into topics to resonate, create motivation, create new values, and build Bac Ninh into a centrally-governed city," said Mr. Vuong Quoc Tuan.
Mr. Mai Son - Permanent Vice Chairman of Bac Giang Provincial People's Committee said that Bac Giang has great attraction to FDI investors thanks to three main factors: infrastructure, administrative reform and quality human resources, especially human resources in the field of electricity and electronics.
Regarding infrastructure, in recent years, Bac Giang has focused on developing transport infrastructure, industrial parks, and industrial clusters.
"We have established a working group to support businesses, invest in infrastructure and attract human resources. In particular, we focus on promoting investment with existing businesses to affirm a favorable investment environment, helping to attract new businesses," Mr. Mai Son informed.
