Continuing the working program of the working delegation led by General Secretary To Lam during his State visit to Korea, on August 12, Mr. Vuong Quoc Tuan, Alternate Member of the Party Central Committee, Deputy Secretary of the Provincial Party Committee, Chairman of the People's Committee of Bac Ninh province attended the Vietnam - Korea Economic Forum with the theme "Cooperation in developing the production chain in the new era".
At meetings with Korean partners and businesses, Mr. Vuong Quoc Tuan discussed the province's potential strengths, preferential policies to attract investment and operations of Korean businesses in Bac Ninh province.
Chairman of the People's Committee of Bac Ninh province Vuong Quoc Tuan informed that the value of industrial production in the province reached more than 51 billion USD. Of which, Korea alone has 1,142 valid projects with a total registered capital of about 18.5 billion USD, the disbursed capital is about 16.8 billion USD.
Korea ranks first in terms of investment capital, project numbers and export value. The industrial production value of Korean enterprises accounts for about 40% of the industrial production value in Bac Ninh province.
Mr. Vuong Quoc Tuan expressed his hope that the Korean business community will continue to pay attention to researching and learning about cooperation and investment opportunities for projects in Bac Ninh province.
Bac Ninh province is committed to always supporting and creating the most favorable conditions for the business community in general, especially Korean enterprises, to invest in production and business effectively in the province.
On this occasion, Chairman of the People's Committee of Bac Ninh province Vuong Quoc Tuan signed a Memorandum of Understanding with SI FLEX Vietnam Co., Ltd. on expanding the project in Quang Chau Industrial Park with a total additional investment capital of about 200 million USD, bringing the total investment capital of the project to 499 million USD.
SI FLEX Vietnam Co., Ltd. is implementing a project in Quang Chau Industrial Park with an area of nearly 140 thousand m2, an investment capital of 299 million USD and has been in operation since 2014; the main industry is the production of electronic circuit boards.
Bac Ninh is one of the industrial capitals in the North, concentrating a series of FDI giants in the fields of technology equipment manufacturing, electronics, and semiconductors.
This locality has an economic scale of 439.8 trillion VND, ranking 5th in the country, after the localities: Ho Chi Minh City, Hanoi, Hai Phong and Dong Nai.
