Illustrative image (Source: VNA)

They include a factory manufacturing electronic, network equipment and multimedia products of Hong Kong’s Goertek Co., Ltd in the Que Vo Industrial Park with total investment of USD260 million.

Others are a stationery factory of China’s Deli Group with total capital of USD25 million in the Expanded Yen Phong Industrial Park, and a electronic circuit boards manufacturing factory of the Republic of Korea’s TSE Company with total investment of USD19 million in the VSIP Bac Ninh Industrial Park.

The UK’s Cybertan Investment Corporation poured USD9 million into the production of wireless network modules, cable modems and television signal decoding equipment in the Dai Dong – Hoan Son Industrial Park.

Meanwhile, Novatech Co., Ltd injected USD5 million into manufacturing products from magnets in the Que Vo III Industrial Park, and Anyone Co., Ltd increased its capital to USD50 million from USD30 million to expand its project in the Que Vo Industrial Park.

At the licence granting ceremony, the provincial People’s Committee signed land use contracts with 10 businesses to build social houses on 65.5 hectares with total investment of about VND11.9 trillion (USD511.8 million). The construction of houses is expected to be completed in 2020-2030, accommodating some 33,600 workers.

Deputy head of the management board of Bac Ninh industrial parks Nguyen Duc Cao said after 20 years of developing industrial parks, Bac Ninh now has 16 industrial parks with investment from 32 countries and territories.

As of 2018, these industrial parks drew 1,329 investment projects worth USD17.83 billion. More than 900 projects have been put into operation, generating jobs for nearly 285,000 workers, bringing home USD32 billion in export turnover, contributing VND11 trillion (USD473.2 million) to the local budget and creating industrial production value of VND1.1 quadrillion (USD47.3 billion)./.