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Bac Ninh : Yen Phong Industrial Park attracting US$ 7.5 billion investment



Authorities handling investment certificate to Vietnam SAMSUNG Display CO Ltd. 

Image by Thai Hung – Vietnam news agency

Yen Phong (Bac Ninh) Industrial Park which was invested by Viglacera has attracted $ US 7.5 billion investment, including $ US 7.2 billion foreign investment.
 
Remarkably Viet Nam Samsung Display CO Ltd has recently decided to expand its business in the Industrial Park by a project of $ US 3 billion which was to build R&D factory and a new-generated high-defined displays for mobile devices, AMOLED and OLED,….
 
The factory was expected to create over 20,000 jobs and make an estimating export turn-over around $ US 60 billion in 2020 when putting in operation. This is the 2nd largest investment projects of Sam Sung in Viet Nam.  
 
In addition to Yen Phong, Viglacera has also contributed to most exporting turn-over of the whole Bac Ninh Province. The total value of export turn-over over 7 months of all businesses in the Industrial Park has reached to $ US 10.3 billion, accounting for 40% of Bac Ninh 2015’s planned export turn-over of $ US 25 billion.
 
17th August 2015