Economy
Vietnamese localities’ ties with US-based partners to be further enhanced
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| Production lines of electronic components at Flexcom Việt Nam Co. Ltd., is located at Yên Phong Industrial Zone of Bắc Ninh Province. - Photo dantocmiennui.vn |
Viet Nam News
HÀ NỘI – Bắc Ninh Province has gained US$26 billion from the export value of industrial products in 2016, largely because of foreign-invested information and telecommunication enterprises.
This year, the province’s total industrial production value is estimated at VNĐ588.65 trillion and the total export value of its industrial products at $26 billion, 93 per cent of which comes from the IT industry, according to the Bắc Ninh’s department of information and communications.
Foreign-invested businesses in the province that contributed to these figures include Samsung (Samsung Bắc Ninh and Samsung Display), Canon, Microsoft and Foxconn, the department said.
Bắc Ninh is a popular destination for local and foreign investors, including many multi-national groups, who manufacture electronic products such as tablets, mobile phones, printers, household appliances and chips.
The province has advantages in terms of its geographical location and has created a suitable environment to entice large investors. It is one of the key provinces that is attracting foreign direct investment in Việt Nam.
So far foreign direct investment (FDI) projects in Bắc Ninh have operated efficiently and competitively. - VNS
