Bac Ninh province licenses projects worth $5.58 bln

Authorities of northern Bac Ninh province granted investment decisions, licenses, Memorandum of Understandings and cooperation agreements to some large-scale projects with a combined investment capital of $5.58 billion on September 22.

The granting was made at a conference held to announce the provincial master plan for the 2021-2030 period with a vision to 2050, and promote investment in the province, which was attended by Prime Minister Pham Minh Chinh.

The provincial authorities granted a decision approving the investment policy for the Hong Hac-Xuan Lam ecological urban area in Thuan Thanh district. The project will be invested nearly $1.066 billion by the VietinBank Trade Union Investment JSC.

Meanwhile, eight new projects received investment registration certificates with a total investment capital of more than $1.12 billion. Of which, the largest project was an electronic components factory invested by Taiwanese electronic giant Foxconn at the Nam Son-Hop Linh Industrial Park with an investment capital of over $383 million.

Other projects included China’s Goertek Technology Vina Company Limited’s $280 million plant manufacturing electronic products, network devices and multimedia products; Victory Giant Technology (Singapore) Pte. Ltd's $260 million high-precision printed circuit board (PCB) project at the VSIP Industrial Park; and Logos Yen Phong IIA’s $74 million warehousing and logistics project at the Yen Phong II Industrial Park.

The local authorities also granted certificates for five existing projects to increase investment capital by a total of $1.3 billion.

On this occasion, Bac Ninh signed cooperation agreements to develop projects with South Korean’s Samsung Display and Japan’s Aeon Mall Vietnam with a total investment capital of $1.8 billion and $190 million, respectively.