Bac Ninh Reports over US$620Mln FDI

6:09:34 PM | 13/4/2007

The northern province of Bac Ninh has to date attracted over 100 foreign direct investment (FDI) projects and foreign representative offices, with total investment capital of more than US$620 million.
Two industrial parks, namely Tien Son and Que Vo, have lured 46 big FDI and 10 foreign branches and representative offices from investors of China, Japan, Taiwan, South Korea, France and many others. As many as 37 among these projects, mainly in glass production, animal feed processing, industrial gas and wood processing, have come into operation, generating 10,000 local jobs.
More than 20 foreign-owned enterprises have invested in small and medium-sized industrial parks in the districts of Tien Du, Thuan Thanh, Tu Son, Yen Phong and Bac Ninh City.
Enterprises in local industrial parks obtained an industrial production value US$213.8 million and an export turnover of US$108.3 million in 2006, up 5 per cent on-year. Of which, Cannon Vietnam makes up US$31.8 million.
Bac Ninh’s FDI picture is expected to be even more promising when Taiwan’s Foxconn group sets up a representative office in the province to prepare for its US$5 billion project.
The province has set a target to obtain VND12.5 trillion (US$781 million) in industrial production value this year, up 20 per cent on-year. (Vietnam & World Economy)