Bac Ninh province is enjoying an investment renaissance as many global giants, such as Canon, Foxconn and Samsung, make the province their homes in Vietnam. Kieu Linh reports that the big firms’ arrivals are acting as a magnet for other companies to prosper in the province. With a wide range of advantages and incentives, industrial parks in Bac Ninh province, 30 kilometres from Hanoi’s centre, have attracted a large number of big domestic and international brand-names. “The appearance of giants such as Samsung, Canon, Foxconn, Orion, Sumitomo or ABB is a sign of showing Bac Ninh industrial parks’ increasing attractiveness to foreign investors all over the world,” said Vu Duc Quyet, head of Bac Ninh Industrial Zones Management Authority. With a view to boosting investment inflows, Bac Ninh has developed a series of integrated industrial parks, interdisciplinary industrial groups and handicraft clusters, Quyet said, adding 15 integrated industrial parks with 7,525 hectares been approved by the prime minister. Of the total, 6,541ha is set aside for industrial parks and 984ha for urban areas. “All the industrial parks are planned and built in favourable places, next to major routes so they are very convenient for investors. Besides, the planning is associated…
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