Bac Ninh Granted Investment Certificates to 31 FDI Projects in the 1st Quarter

Bac Ninh is really an attractive investment destination for foreign investors, especially Korean investors, as more and more foreign investors choose to invest in Vietnam in general and in Bac Ninh province in particular.

According to Bac Ninh Statistical Office, in the first quarter of 2018, the province issued new investment certificates to 31 projects and adjusted 26 foreign direct investment (FDI) projects with total investment capital of 287.4 million USD after adjustment.

Accumulated till now, there are 1,175 valid FDI projects in the province, total investment capital after adjustment is 16,095 million USD. Of which, in the industrial parks, there are 806 projects (accounting for 68.6%) with total registered capital of 15,129 million USD (accounting for 94%). Korea remains the leading investor in Bac Ninh with 823 projects and 12,602 million USD investment capital.

In recent years, Bac Ninh has emerged as a bright spot for attracting foreign investment. At the time of provincial re-establishment (1997), the whole province had only 4 FDI projects, with total registered capital of 177.6 million USD. Until now, Bac Ninh has attracted FDI only after Ho Chi Minh City.

Not only growth in quantity, FDI projects invested in the province are highly appreciated in terms of quality, since they are invested by many large corporations such as Samsung (Korea), ABB (Sweden)… In which, Samsung is the largest foreign investor in Bac Ninh. Licensed investment in 2014, up to now, this corporation has experienced many increased capital times (currently the total investment capital of Samsung in Bac Ninh is 6.5 billion USD).

The FDI sector has contributed positively to export growth, State budget collection and job creation for laborers. Currently, FDI enterprises have created jobs for 169,144 people, accounting for 25.5% of the total labor force in the province.