The People’s Council of northern Bac Ninh province on July 10 approved a VND300 billion incentive package to recruit a new Samsung Display project to the Yen Phong Industrial Park.
The package provides VND287 billion to fund 50% of the cost of infrastructure facilities on an area spanning 46 hectares and another VND12 billion for employee training.
The maximum allotted for training each employee is capped at VND1.5 million, which is further limited by an overall cap of 8.000 employees.
As part of the deal, the Bac Ninh provincial People’s Committee granted an investment license for a US$1 billion Samsung Display at Yen Phong Industrial Park.
The Samsung project is projected to produce 48 million electronic products per annum, create 8,000 jobs and generate revenue of nearly VND6 billion annually.
Other News
- Vietnam, China intensify cooperation on green growth, digital economy
- Hanoi's green industrial parks attract investment
- Vietnamese, Singaporean firms ink agreements to bolster economic relations
- Thang Long Industrial Park urged to streamline administrative procedures for manufacturers
- Vietnam leads top choice for global investors: Cushman & Wakefield
- Vietnam-Singapore III Industrial Park to be built in Binh Duong this month
- Vietnam Prime Minister approves three industrial parks
- Recruitment demand of foreign manufacturers surges in 2021
- New industrial project expected to lure high-tech investment in Thai Binh
- Vietnam draws US$6 billion in FDI to industrial and economic zones in H1
Trending
-
Vietnam's updated NAP: Progress in climate action
-
Vietnam news in brief - November 20
-
Prime Minister meets world leaders at G20
-
Hang Ma Street gears up for festive season
-
A Hanoi artisan turns straw into appealing tourism product
-
“Look! It’s Amadeus Vu Tan Dan” workshop - an artistic journey for kids
-
Vietnam news in brief - November 15
-
Experiencing ingenious spaces at the Hanoi Creative Design Festival 2024
-
Hanoi Festival of Creative Design 2024: celebrating the capital's cultural innovation
-
Liên kết hữu ích