Bac Ninh invested in Samsung Display project
The People’s Council of northern Bac Ninh province on July 10 approved a VND300 billion incentive package to recruit a new Samsung Display project to the Yen Phong Industrial Park.
The package provides VND287 billion to fund 50% of the cost of infrastructure facilities on an area spanning 46 hectares and another VND12 billion for employee training.
The maximum allotted for training each employee is capped at VND1.5 million, which is further limited by an overall cap of 8.000 employees.
As part of the deal, the Bac Ninh provincial People’s Committee granted an investment license for a US$1 billion Samsung Display at Yen Phong Industrial Park.
The Samsung project is projected to produce 48 million electronic products per annum, create 8,000 jobs and generate revenue of nearly VND6 billion annually.
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