Production lines of electronic components at Flexcom Viet Nam Co. Ltd., is located at Yen Phong Industrial Zone of Bac Ninh Province. — Photo dantocmiennui.vn

Bac Ninh Province has gained US$26 billion from the export value of industrial products in 2016, largely because of foreign-invested information and telecommunication enterprises.

This year, the province’s total industrial production value is estimated at VND588.65 trillion and the total export value of its industrial products at $26 billion, 93 per cent of which comes from the IT industry, according to the Bac Ninh’s department of information and communications.

Foreign-invested businesses in the province that contributed to these figures include Samsung (Samsung Bac Ninh and Samsung Display), Canon, Microsoft and Foxconn, the department said.

Bac Ninh is a popular destination for local and foreign investors, including many multi-national groups, who manufacture electronic products such as tablets, mobile phones, printers, household appliances and chips.

The province has advantages in terms of its geographical location and has created a suitable environment to entice large investors. It is one of the key provinces that is attracting foreign direct investment in Viet Nam.

So far foreign direct investment (FDI) projects in Bac Ninh have operated efficiently and competitively. — VNS