Bac Ninh wishes to cooperate with the United States in the field of semiconductor industry.

That was the information shared by Bac Ninh Provincial Party Secretary Nguyen Anh Tuan at the meeting and working session with President of the US Semiconductor Industry Association John Neuffer on the afternoon of October 27, on the occasion of his visit and work in Vietnam.

At the reception, Secretary of the Bac Ninh Provincial Party Committee Nguyen Anh Tuan provided an overview of the socio -economic situation of Bac Ninh province. The Secretary of the Bac Ninh Provincial Party Committee said that although it is the smallest province in the country, Bac Ninh has a particularly important position and role in the Capital Region system; 1 of 7 provinces in the Northern key economic region, Bac Ninh has always strived to promote the spirit of dynamism, initiative, creativity and achieved many positive and comprehensive achievements. The province's export value reached 46.9 billion USD, ranking 2nd in the country; the total product in the area (GRDP) per capita reached 166.9 million VND, ranking 3rd in the country. Total foreign direct investment ranked 4th in the country (more than 2.22 billion USD).

Bac Ninh province currently has 16 industrial parks with 24 investment projects to build and develop industrial park infrastructure. To date, Bac Ninh province has granted investment registration to more than 2,000 valid projects with a total registered investment capital after adjustment and capital contribution, share purchase, and capital contribution reaching more than 24 billion USD from 40 countries and territories (ranking 7th nationwide in terms of scale of investment capital attracted).

The Secretary of the Bac Ninh Provincial Party Committee affirmed that the above results were achieved thanks to the important contribution of the foreign-invested sector. Of which, the United States has 19 investment projects in the area with a total investment capital of 664.31 million USD.

Emphasizing that Bac Ninh province always gives priority to developing friendly and cooperative relations with localities and organizations of the United States, Secretary of the Bac Ninh Provincial Party Committee Nguyen Anh Tuan said that Bac Ninh always wishes to promote friendly and cooperative relations with localities, associations and organizations of the United States in the spirit of promoting and deepening the achieved cooperation results and expanding new areas, especially the US Semiconductor Industry Association is orienting and interested in expanding investment in Vietnam. This is in line with the development trend of Bac Ninh when the province is focusing on developing high-tech industry with the establishment and construction of high-tech zones.

Provincial Party Secretary Nguyen Anh Tuan also said that Bac Ninh is currently focusing on attracting investment in the field of semiconductor and chip manufacturing...; hoping that the US Semiconductor Industry Association and Bac Ninh province will build a high-tech ecosystem for the North in Bac Ninh, especially semiconductor and chip manufacturing; the Association will create conditions to help train high-quality human resources for the semiconductor industry.

In addition, the Association connects with member corporations and enterprises to increase investment and expand investment in Vietnam, thereby contributing to the development of the semiconductor industry, promoting economic restructuring towards industrialization, taking the development of high technology, modern technology, and digital technology as the foundation for growth.

The Secretary of the Bac Ninh Provincial Party Committee affirmed his readiness to create the best conditions for US investors to come and learn about and invest in Bac Ninh and was ready to accompany and remove all difficulties and obstacles for mutual development.

Expressing his impression of the dynamism, creativity, development, and appreciation of the environment, potential, and investment and business opportunities in Vietnam in general and Bac Ninh province in particular, President of the US Semiconductor Industry Association John Neuffer suggested that Vietnam in general, including Bac Ninh province, should not only promote assembly but also move towards chip design - a field with great potential.

Emphasizing that Vietnam is a particularly attractive market for cooperation and development of the semiconductor industry, Mr. John Neuffer said that the US Semiconductor Industry Association has and will continue to research and cooperate in investing in this field.../.

Source link