Singapore-based property developer Frasers Property Vietnam and GELEX Group, Việt Nam''s leading investment group, have jointly broken ground on Industrial Centre Yen Phong 2C in the northern province of Bắc Ninh.
Accordingly, the Korean company will invest US$1.6 billion between now and 2035 to build a plant to manufacture, assemble and test semiconductor products on a site of 23ha in the IP.
Prime Minister Nguyen Xuan Phuc has decided to give in-principle approval to a project to build the infrastructure of Yen Phong II-A Industrial Park (IP) in the northern province of Bac Ninh.
The Yen Phong 1 Industrial Park in northern Bac Ninh province has become the first park in Viet Nam to gain access to a 5G telecom network, with the new technology launched onsite by Viettel on Thursday.
Invested by State-owned Viglacera Corp, the park will cover 221ha in Yen Phong District. It aims to attract multi-sector investment, mainly processing and manufacturing, high technology and non-polluting industries.
Seoul-based Mirae Financial Group and Naver have acquired two logistics centres in Viet Nam for 53 billion won (US$47.01 million), said industry sources on Friday.
The Viet Nam Glass and Ceramics for Construction Corporation (Viglacera –
CTCP) officially started construction to expand Yen Phong Industrial
Zone (IZ) in the northern Bắc Ninh province on March 7.
There are only four Vietnamese enterprises among 67 suppliers that
provide materials to South Korean firm Samsung Electronics Vietnam
Company Ltd (SEV), the Dau Tu (Investment) newspaper reported.
The northern province of Bac Ninh will give Samsung Display Co., Ltd
nearly VND300 billion or more than US$14.2 million for constructing
infrastructure and training of local workers.