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 opposes China’s military activities on Tri Ton Island
-
Vietnam news in brief - November 2
-
Hanoi Creative Design Festival 2024: Cultural feast awaits visitors
-
Adorable baby hippo is wows Hanoi visitors
-
Localizing idols: Vietnam’s shift from Hallyu to homegrown stars
-
Hanoi plans major upgrade for iHaNoi by 2026
-
Berlin Film Festival award-winning motion picture premieres in Vietnam
-
Love triangle drama opens Hanoi Open Stage Festival
-
National E-commerce Week, Vietnam Online Shopping Day 2024 set to kick off
-
Liên kết hữu ích