Local authorities present the investment license to representative of Samsung Display Vietnam. (Source: VNA)

The Yen Phong Industrial Park in the northern province of Bac Ninh has drawn 7.5 billion USD in investment, including 7.2 billion USD from foreign investors.

It recently welcomed a three-billion-USD project invested by Samsung Display Vietnam to build a Research and Development (R&D) plant, marking the second biggest project from the Republic of Korea’s Samsung Group in Vietnam.

The facility is expected to create jobs for 20,000 labourers and earn 60 billion USD in 2020.

The 246-hectare Yen Phong IP, invested by the Vietnam ceramics corporation Viglacera has also made significant contributions to the province’s export value.

In the first seven months of this year, firms in the park earned 10.3 billion USD, accounting for 40 percent of the province’s expected export value of 25 billion USD this year.-VNA