(BNP) - On the afternoon of June 15th, Chairman of the Provincial People's Committee Pham Hoang Son worked with a delegation from Zhongji Innolight Co., Ltd. (China) to explore opportunities, survey the environment, and promote investment in the province.
Chairman Pham Hoang Son and Mr. Richard Zheng, Investment Director of Zhongji Innolight Co., Ltd. (China) during the meeting.
Also attending the meeting were Vice Chairman of the Provincial People's Committee Pham Van Thinh; and representatives from relevant departments, agencies, and businesses.
During the meeting, Mr. Richard Zheng, Investment Director of Zhongji Innolight Co., Ltd. (China), provided an overview of the company's operations, strengths, and expressed his investment needs in Bac Ninh province. Following its preliminary surveys and assessments, Zhongji Innolight expressed its intention to develop what would be its largest high-tech manufacturing project in Southeast Asia, with an initial investment of approximately USD 700 million. The proposed project would require around 30 hectares of land in Yen Phong II-A Industrial Park.
When operational, the project is expected to attract and create jobs for approximately 20,000 workers. To support its production plan, the company also proposed several technical infrastructure requirements, including a water consumption of approximately 4,000 m³/day and a maximum electricity capacity of 150 MW - 300 MW across expansion phases.
During the meeting, the company requested the provincial government's support in implementing the project, focusing on income tax incentives; ensuring labor supply and welfare; planning infrastructure and housing for experts and workers; and maintaining a stable power supply for production.
Vice Chairman Pham Van Thinh (first on the left) attends the meeting.
Speaking at the meeting, Chairman Pham Hoang Son expressed his pleasure in welcoming the delegation to explore investment opportunities in Bac Ninh. Introducing the province's potential, the Chairman stated that Bac Ninh currently ranks 5th nationwide in terms of economic scale, attracting nearly 50 billion USD in FDI from 44 countries, with China leading in the number of projects and ranking 3rd in terms of capital with over USD 11 billion.
Currently, the province has formed a large semiconductor industrial ecosystem with corporations such as Samsung, Goertek, Luxshare, and Amkor. It also possesses many outstanding advantages in terms of its convenient location for trade connections with China, proximity to Noi Bai Airport, the planned operation of Gia Binh International Airport in the near future, and an abundant labor force including 2 million young local workers and 800,000 workers from neighboring areas.
Delegates attend the meeting.
Chairman Pham Hoang Son confirmed that Bac Ninh consistently ranks among the top 5 in the country in terms of governance quality. He also stated that the province will ensure a sufficient and stable power supply for the company's factory in both phases, as well as provide maximum support in terms of human resources, vocational training, and social housing to ensure employees feel secure and committed to long-term employment.
Vice Chairman Pham Van Thinh emphasized that Bac Ninh’s well-developed infrastructure and industrial ecosystem are among its most important competitive advantages, alongside the province’s strong commitment to supporting investors and facilitating project implementation.
He noted that Bac Ninh has established a comprehensive semiconductor industry ecosystem comprising approximately 80 enterprises, which is expected to make a significant contribution to the province’s projected export turnover of USD 50 billion this year. The province also benefits from the development of Gia Binh International Airport, which is expected to play a vital role in specialized cargo transportation, providing direct connectivity with China and international markets and further enhancing Bac Ninh’s attractiveness to high-tech investors.
Regarding preferential policies, the Vice Chairman affirmed the application of the highest tax rate in Vietnam for high-tech projects, along with a mechanism to propose to the Prime Minister to increase the incentive level if all conditions are met. To ensure operation, the province commits to providing a stable, high-quality power supply thanks to its current total capacity of 3,300 MW and is accelerating a series of wind power, rooftop solar power, and on-site thermal power projects.
To meet the time pressure faced by our partners, the province applies super-fast administrative procedures, committing to issuing Investment Registration Certificates within 3 to 5 days and providing comprehensive support from land allocation to factory construction.
Chairman Pham Hoang Son presents a Dong Ho folk painting to Mr. Richard Zheng, Investment Director of Zhongji Innolight Co., Ltd. (China).
At the meeting, Chairman Pham Hoang Son and Vice Chairman Pham Van Thinh expressed their hope that the cooperative relationship between Bac Ninh province and Zhongji Company will soon achieve concrete progress, leading to the signing and successful implementation of the project, further affirming Bac Ninh's leading position in attracting high-tech FDI./.
