Chairman of the Provincial People's Committee Vuong Quoc Tuan attended the Vietnam - Korea Economic Forum and presented investment memorandums of understanding to businesses.

BAC NINH - Continuing the working program of the delegation led by General Secretary To Lam during the State visit to Korea, on August 12, Comrade Vuong Quoc Tuan, alternate member of the Party Central Committee, Deputy Secretary of the Provincial Party Committee, Chairman of the People's Committee of Bac Ninh province attended the Vietnam - Korea Economic Forum with the theme "Cooperation in developing production chains in the new era".

At meetings with Korean partners and enterprises, Chairman of the Provincial People's Committee Vuong Quoc Tuan discussed the province's potential strengths, preferential policies to attract investment and the operations of Korean enterprises in Bac Ninh province.

Chairman of the Provincial People's Committee Vuong Quoc Tuan attended the Vietnam - Korea Economic Forum.

Chairman of the Provincial People's Committee Vuong Quoc Tuan informed that in the first 7 months of this year, Bac Ninh province granted 237 new foreign direct investment (FDI) projects with a total registered capital of over 1.09 billion USD, and adjusted the capital increase for 155 FDI ​​projects with a total additional capital of over 2.51 billion USD. Accumulated to July 20, 2025, the whole province has 3,284 projects (still in effect) of enterprises from 44 countries and territories with a total registered investment capital of over 45 billion USD.

The industrial production value in the province reached more than 51 billion USD. Of which, Korea alone has 1,142 valid projects with a total registered capital of about 18.5 billion USD, disbursed capital of about 16.8 billion USD. Korea ranks first in terms of investment capital, number of projects and export value. The industrial production value of Korean enterprises accounts for about 40% of the industrial production value in the province.

Comrade Vuong Quoc Tuan expressed his hope that the Korean business community would continue to pay attention to researching and exploring opportunities for cooperation and investment in projects in Bac Ninh province. Bac Ninh province is committed to always accompanying, supporting and creating the most favorable conditions for the business community in general, especially Korean businesses, to invest in production and do business effectively in the province.

Chairman of the Provincial People's Committee Vuong Quoc Tuan and Korean enterprises at the Vietnam - Korea Economic Forum.

On this occasion, Chairman of the Provincial People's Committee Vuong Quoc Tuan signed a memorandum of understanding with SI FLEX Vietnam Co., Ltd. on expanding the project in Quang Chau Industrial Park with a total investment capital increase of about 200 million USD, bringing the total investment capital of the project to 499 million USD.

SI FLEX Vietnam Co., Ltd. implemented the project in Quang Chau Industrial Park with an area of ​​nearly 140 thousand m2, investment capital of 299 million USD and started operating since 2014; the main business is manufacturing electronic circuit boards. Currently, the Company is employing 5,400 workers with an average salary of 12.5 million VND/person/month. The Company's annual export value reaches about 600 million USD, contributing over 70 billion VND to the annual budget.

After increasing investment capital, SI FLEX Limited Liability Company plans to put the expansion project into operation in 2027-2028, creating new jobs for 3,600 workers; annual export value is expected to reach over 1 billion USD, and annual budget contribution is over 100 billion VND.

Continuing the working trip of General Secretary To Lam , on the afternoon of August 12, Chairman of the Provincial People's Committee Vuong Quoc Tuan and representatives of ministries, branches, localities and some large corporations of Vietnam attended a meeting with 18 large corporations of Korea. Here, representatives of some large corporations of Korea shared investment orientations in the coming time and some recommendations to strengthen cooperation in the fields of industry, energy, technology, services and infrastructure.

Mr. Nguyen - Le Minh

Source: https://baobacninhtv.vn/chu-cich-ubnd-tinh-vuong-quoc-tuan-du-dien-dan-kinh-te-viet-nam-han-quoc-va-trao-bien-ban-ghi-nho-dau-tu-cho-doanh-nghiep-postid423994.bbg