(ty so bong da Construction News) - Samsung Display continues to invest $ 3 billion in Yen Phong Viglacera Industrial Zone

Afternoon on 6 August, People's Committee Bac Ninh Province awarded certificates of investment in expansion projects for Samsung Display Vietnam Co., Ltd..ty so bong da project has a total investment of $ 3 billion, which is expected to create more than 20,000 jobs and large export revenue with estimated revenue at $ 60 billion by 2020. This Samsung’s project will be located at Yen Phong Viglacera Industrial Zone that is one of ty so bong da key industrial zones of ty so bong da North

Samsung factory at Yen Phong ty so bong da

Samsung's speedy leap

Samsung shall invest $ 3 billion in research and development (R & D) and manufacturing new generation of screen, high resolution for mobile devices, including ty so bong da type AMOLED, OLED screens...

With additional investment of $ 3 billion, Samsung Display projects ty so bong da Bac Ninh has a total investment of up to $ 4 billion, and become second largest projects of total investment of Samsung Corporation ty so bong da Vietnam.

Bac Ninh Province's leaders awarded certificates of $ 3 billion investment for Samsung Display Vietnam - Investment projects ty so bong da Yen Phong Industrial Zone

ty so bong da project is expected to start operating in 2015 and will archive $ 1.5 billion of revenue;year 2018 will be reached $ 40 billion and $ 60 billion by 2020.Large export turnover and creates more than 20,000 jobs for workers.

After more than 20 years in Vietnam, so far Samsung has become one of ty so bong da FDI enterprises that has ty so bong da largest investment capital in Vietnam mainly in electronic technology industry.

According to Chairman of ty so bong da People's Committee of Bac Ninh province - Nguyen Tu Quynh said: Samsung is a successful FDI company in Bac Ninh province.Currently, ty so bong da project has invested $ 1 billion in Bac Ninh and export value has reached 17.99 billion US dollars in 2014, paid to national budget of 3,000 billion and created 50,000 jobs workers.

To continue to create favorable conditions Samsung Display Vietnam Company for investment and production in Bac Ninh, Bac Ninh provincial leaders has guided appropriate authorities ensuring ty so bong da best conditions for Samsung Display such as: electricity, water, employment support, outbound traffic-internal;houses for workers and ty so bong da public welfare projects.Beside that minimizing ty so bong da time and process for resolving administrative procedures, ensuring ty so bong da security at Yen Phong Industrial Zone in general and related activities Samsung Display Company in particular.

Yen Phong Industrial Zone and ty so bong da socio-economic efficiency of investment attraction

By keep investing and expending at Yen Phong Viglacera Industrial Zone, ty so bong da Samsung Corporation has shown that Yen Phong Viglacera Industrial Zone has a significant attraction.

Yen Phong Industrial Zone with comprehensive infrastructure system that satisfy ty so bong da investor requirements

With ty so bong da decision to have additional investment of $ 3 billion of Samsung, Yen Phong Industrial Zone so far has attracted a total investment of up to USD 7.5 billion, of which $ 7.2 billion came from FDI capital.Yen Phong Industrial Zone can be accessed as one of ty so bong da effective industrial zone in land useages/high total investment of ty so bong da country, with a total area of ​​246 hectare of industrial land, each hectare of land of Yen Phong Industrial Zone has attracted 0,31 billion investment capital on average.

Yen Phong Viglacera Industrial Zone has contributed largely to ty so bong da export value of Bac Ninh province. Export value of first 7 months in 2015 of enterprises in industrial zones reached 10.3 billion US dollars, compared with ty so bong da expected value of total exports in 2015 is $ 25 billion.

ty so bong da Yen Phong Industrial Zone’s enterprises not only have ty so bong da major contribution of industrial production value, exports value to Bac Ninh province, they also contribute significantly in ty so bong da social welfare, community development.Enterprises in ty so bong da industrial zones has created more than 60,000 jobs for workers and 4,000 jobs for indirect employment services, contribute to create ty so bong da stable jobs for local labor, and also attract workers from other provinces.

Yen Phong Viglacera ty so bong da has attracted numbers of high reputable foreign investors

ty so bong da reason why local and foreign investor choose ty so bong da Yen Phong Viglacera Industrial Zone is because of investors can be assured production process in this IZ.Investment Owner always focus on infrastructure development, improve ty so bong da service quality and value added services and operation service to meet ty so bong da stringent, specific requirements of each enterprise.

Yen Phong Industrial Zone also has excellent, profuse human resources, and utility support service to help ty so bong da investors can be reassured for production and ty so bong da workers get better living conditions to help asuring to stay with company.This is a crucial factor, because without good infrastructure, labor and utility support services, enterprises can hardly develop.

Along with Samsung Electronics, Samsung Display not only help Yen Phong Industrial Zone became a model in ty so bong da industrial zone, and also take Bac Ninh province in to leader position in attracting investment recently years. This project contribution to accelerate ty so bong da development of electronic and telecommunications industry, and soon Bac Ninh province will become ty so bong da center of this industry in Vietnam.