Bac Ninh attracts RoK investors
VOV.VN - Among the 39 countries and territories currently investing in the northern province of Bac Ninh, the Republic of Korea (RoK) leads the way in terms of both scale and investment capital with 589 projects worth about US$13.68 billion, accounting for 65% of total foreign investment capital in industrial parks in the province.
Korean projects mainly focus on fields such as mechanical engineering, electronic component production and telephones, precision mechanics, and agro-food processing.
Large investment projects in the locality mainly come from giant Korean groups such as Samsung, Intops, Hanwha Techwin, Amkor, Hana Micron, CrucialTec, and Hyosung.
RoK-invested projects have created jobs for nearly 152,500 labourers both inside and outside the province whilst positively contributing to the province's socio-economic development.
In the first quarter of the year, Bac Ninh attracted 55 newly-registered FDI projects, marking an increase of 31 projects from the same period last year. The amount of newly-registered capital also hit US$480.6 million, an increase of US$424.1 million.
So far, the province is home to 1,867 valid FDI projects with the total registered investment capital reaching US$23.9 billion.
Bac Ninh is widely considered to be a bright spot in attracting investment in Vietnam thanks to its huge investment in infrastructure of industrial parks. It aims to become one of the industrial and service centres of the region and of the whole country.
The locality is perfecting mechanisms and policies, developing a skilled workforce, and improving its investment environment in an effort to attract more strategic investors.