The People’s Committee of northern Bac Ninh province is considering pouring VND298 billion into infrastructure at the Yen Phong Industrial Park (IP) in an attempt to entice Samsung Display to build a US$1 billion plant there.
The People’s Committee of northern Bac Ninh province is considering pouring VND298 billion into infrastructure at the Yen Phong Industrial Park (IP) in an attempt to entice Samsung Display to build a US$1 billion plant there.
Additionally, the Committee asked the provincial Council to reduce the corporate income tax for Samsung by 50% over the next three years and to support training costs for 8.000 local workers at a total cost of VND12 billion. The Samsung Display’s project in Yen Phong IP will contribute to perfecting the Samsung Hi-Tech Complex, speeding up the development of electronics and telecoms sector and turning Bac Ninh into Samsung Group’s global production destination.
The project will help promote the good images of the investment environment and improve Bac Ninh’s competitive capacity.
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