Bac Giang (VNA) –  Foxconn Singapore PTE Ltd will build a 270-million USD plant to produce laptops and tablets at Quang Chau industrial park in the northern province of Bac Giang. 

The plant, to be developed by Fukang Technology, will be located at Quang Chau industrial park, and is expected to produce 8 million products per year.

The company was among four projects of Singaporean and Hong Kong investors with total capital of nearly 570 million USD awarded investment certificates at a ceremony in January. 

Addressing the ceremony, Chairman of the provincial People’s Committee Le Anh Duong pledged to provide investors with the best technical infrastructure and services while facilitating administrative procedures for those landing investment in the locality. 

He affirmed Bac Giang will organise regular dialogues with enterprises so as to remove bottlenecks for them in a timely manner.

The official took the occasion to ask the investors to carry out their projects in line with schedule, prioritise of high technologies in production, as well as work to balance benefits of their companies and the workers.

The investors should work with local authorities to receive timely support, and fully access preferential investment policies in the province, he added.
General Director of Foxconn in Vietnam Zhuo Xianhong, on behalf of the investors, pledged to abide by Vietnamese laws as well as implement the projects in line with registration. 

He hoped to receive support from competent authorities in Bac Giang province.

As of December 2020, Foxconn invested 1.5 billion USD in Vietnam, 900 million USD of which was landed in Bac Giang province. The company plans to raise its investment by 700 million USD and recruit 10,000 more local workers this year.

Besides Foxconn, Risesun Investment Pte.Ltd (Singapore) will pour 75 million USD in a plant to produce plastic and composite products and 6 million USD into another factory to manufacture PVC decorative films at Hoa Phu industrial park.

Ja Solar Investment (Hong Kong) Limited invests 210 million USD in a photovoltaic manufacturing plant at Quang Chau industrial park.  

Meanwhile, Bac Giang is working hard to complete the target of attracting about 1.3 billion USD worth of investment in 2021, said Chairman of the provincial People’s Committee Le Anh Duong.

Duong said that in the area of industry, the province will prioritise projects with a high proportion of high, new, green and economical technology, using domestic materials and having commitment in technology transferring and labour training.

The province has designed particular areas for projects in different fields, including industry, agriculture, tourism, services, urban areas, logistics, entertainment and health care.

For foreign-invested projects, Bac Giang will strive to lure partners which have global trademarks with high financial capacity, long-term operation, and projects in supporting industries.

In the period from 2021 to 2030, 16 industrial parks will be formed, adding 5,044 hectares to the total area of industrial parks in the province. Meanwhile, 22 industrial clusters will be formed or expanded with total area of 1,321 hectares, making the province ready in terms of “clean” land for receiving investment projects, creating a momentum for economic development.

Bac Giang will also work to ensure that the expansion of industrial parks and clusters is made in association with the protection of security and defence, as well as the protection of ecological environment and food safety.

Despite the impacts by the COVID-19 pandemic, in the first six months of 2020, Bac Giang enjoyed a 9.2 percent year-on-year growth in industrial production to 115 trillion VND, fulfilling 41.8 percent of the locality’s target for the whole year.

In 2020, Bac Giang granted new licences and permitted additional investment to 215 projects with total investment of nearly 1.4 billion USD, up 7.3 percent year on year, rising to the ninth position among provinces and cities nationwide in FDI attraction./.