Northern industrial 'capital' attracts nearly 1.1 billion USD in additional investment capital

Secretary of Bac Ninh Provincial Party Committee Nguyen Anh Tuan (left cover) and Chairman of Bac Ninh Provincial People's Committee Vuong Quoc Tuan (right cover) presented flowers and certificates to investors - Photo: Bac Ninh Provincial Portal

According to the Bac Ninh Provincial Electronic Information Portal, on March 31, the Bac Ninh Provincial People's Committee held a conference to grant investment registration certificates to 23 enterprises with a total capital of nearly 1.1 billion USD and one enterprise agreed to expand investment and increase capital by 260 million USD.

Seven out of 14 domestic projects were awarded certificates of high-tech projects. This demonstrates the province's efforts in realizing Resolution 57 of the Politburo on science and technology development, innovation and digital transformation.

The People's Committee of Bac Ninh province also awarded certificates of merit to five enterprises that effectively disbursed capital with a total capital of nearly 1.2 billion USD.

Mr. Vuong Quoc Tuan, Chairman of Bac Ninh Provincial People's Committee, expressed his appreciation for the contributions of enterprises to the socio-economic development of the province and improving the efficiency of investment attraction.

The Chairman of the People's Committee of Bac Ninh province said that the province continues to maintain its leading position in industrial production value, second in import and export, and first in the proportion of digital economy/GRDP.

By the end of the first quarter of 2025 (not including new projects granted investment certificates), Bac Ninh will reach 2 billion USD in foreign direct investment (FDI).

The province always accompanies, builds a reformed, dynamic, creative environment and supports businesses to develop in the fields of science and technology, digital transformation and innovation.

From there, the business sector increases its ability to participate in the global value chain, green production, and international integration.

The head of the People's Committee of Bac Ninh province requested investors to quickly implement projects, focus on disbursing the highest amount of capital to put factories and projects into operation soon, promote efficiency and develop strongly.

Production workers at a FDI factory in Bac Ninh province - Photo: GIA DOAN

Previously, on March 30, the Chairman of the People's Committee of Bac Ninh province attended the groundbreaking ceremony of two high-tech projects with a total investment of more than 640 million USD at VSIP Bac Ninh II Industrial Park (Yen Phong district).

They are Victory Giant Technology Vietnam factory of Victory Giant Technology Joint Stock Company (China) and the project of Green Precision Manufacturing Vietnam Co., Ltd.

In particular, Victory Giant Company specializes in researching, developing, and manufacturing multi-layer PCB boards, Rigid-Flex flexible circuit boards applied in artificial intelligence (AI), green energy cars, aerospace, medical equipment...

The company's $520 million investment project is expected to produce 4 million square meters ^of products, with an estimated production value of about $900 million, promoting the production of high-precision printed circuit boards in Vietnam.

With its strength in designing and manufacturing precision structural components, Green Precision Manufacturing Company expects the factory to officially operate in the second quarter of 2026 and reach an output of 62 million products/year, worth about 413 million USD.

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HA QUAN

Source: https://tuoitre.vn/thu-phu-cong-nghiep-phia-bac-thu-hut-them-gan-1-1-ty-usd-von-dau-tu-20250331202331342.htm