In just the first month of the year, Bac Ninh ranked first in the country in attracting FDI with a total registered capital of more than 1.39 billion USD, 6 times higher than the same period last year.
To promote the attraction of high-quality FDI, the Prime Minister’s Directive requires the Ministry of Finance to study, continue to replicate and promote the mechanism of the Working Group working with strategic investors. This is a model that has proven effective in practice.
After many meetings with Party and Government leaders, late last year, Nvidia announced the construction of an Artificial Intelligence (AI) Research and Development Center in Vietnam. A working group to support the Group was also established. Soon after, their suppliers also began expanding their investment in Vietnam.
Cooler Master Vietnam is a component supplier for Nvidia Corporation. To anticipate Nvidia’s shift, the company has continued to invest an additional 125 million USD in Bac Ninh, bringing the total capital to 200 million USD. The factory is expected to be operational from the second quarter, creating jobs for about 2,000 workers.
Mr. Du Ya Nan – Deputy General Director of Cooler Master Vietnam Co., Ltd. said: “We decided to invest in Bac Ninh because it has a very favorable geographical location, with many key routes connecting industrial parks. There is also a large source of trained labor, favorable living environment and conditions, a transparent investment environment, and exceptionally good industrial infrastructure.”
Mr. Dinh Van Hung – Head of Gia Binh Industrial Park Project Management Board shared: “Up to now, basically all technical infrastructure systems of electricity, roads, schools, stations, clean water treatment stations have been completed and have met the conditions to attract investors to invest in construction in Gia Binh Industrial Park. Especially, it can meet the needs of demanding investors such as clean industry and semiconductor industry “ .
Bac Ninh is also currently the stronghold of the world’s leading semiconductor corporations such as Amkor and Samsung. This industry is playing a leading role in attracting high-quality FDI capital in the locality, requiring breakthrough policies, not only in infrastructure.
Mr. Vuong Quoc Tuan – Chairman of Bac Ninh Provincial People’s Committee commented: “One of the policies that we have placed our trust in and clearly seen the effective results is through the special Resolution of the Provincial People’s Council on tuition support for students from intermediate to university training. And support for scientists, lecturers with high qualifications and high quality to teach at schools in the province that are supported by the Resolution of the People’s Council is the training industry of semiconductors and near-semiconductors”.
In just the first month of the year, Bac Ninh ranked first in the country in attracting FDI with a total registered capital of over 1.39 billion USD, 6 times higher than the same period last year. This is the driving force for the locality to achieve the growth target of 8% for the whole year.