Bac Ninh rolls out purple carpet to welcome US traders | Enterprise

Bac Ninh rolls out red carpet to welcome US investors hinh anh 1Illustrative picture (Picture: VNA)

Washington DC (VNA) – A working delegation of the northern province
of Bac Ninh led by Vice Chairman of the provincial Individuals’s Committee Ngo Tan
Phuong attended a workshop in Washington DC on April 20 to advertise the
locality’s funding alternatives to native companies.

Talking on the occasion, Phuong launched members to the
province’s potential and strengths in attracting funding usually and overseas
funding specifically.

Bac Ninh has a really handy geographical place, because it
is adjoining to Hanoi capital, and solely greater than 30 km from town’s Noi Bai
worldwide Airport. It additionally has 12 trendy concentrated industrial parks and
is specializing in administrative reform, Phuong mentioned.

Based on him, regardless of having the smallest space in Vietnam,
Bac Ninh ranked third within the nation by way of overseas funding attraction in
the primary quarter of this yr, with over 565 million USD.

As of March 20, the northern province had licensed 1,867 FDI
initiatives totaling greater than 23.9 billion USD of companies from 39 international locations
and territories. Of the full, US corporations had 19 initiatives with a mixed capital
of 216.6 million USD.

Within the coming time, Bac Ninh will pioneer funding promotion actions within the semiconductor subject and inaugurate the
largest semiconductor manufacturing unit in Southeast Asia. It prioritises attracting
funding in inexperienced and hi-tech initiatives akin to batteries for electrical
autos, semiconductors, pc chips, and supporting industries, he added.

On the occasion, representatives of the delegation and the
Vietnamese Embassy answered US companies’ queries on the authorized hall,
funding procedures, and the province’s incentives.

Many enterprises confirmed their curiosity and hope that the
embassy and Bac Ninh authorities will assist them join with Vietnamese corporations
for enterprise and funding cooperation./.



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