Bac Ninh offers optimal support for Samsung Vietnam to expand business

Since establishing its first mobile phone factory in Yen Phong I Industrial Park in 2008, Samsung has expanded its footprint in Bac Ninh with three major projects: Samsung Display, Samsung Electronics, and Samsung SDI.

Chairman of the Bac Ninh provincial People’s Committee Vuong Quoc Tuan (right) and CEO of Samsung Vietnam Na Ki Hong (Photo: VNA)
Chairman of the Bac Ninh provincial People’s Committee Vuong Quoc Tuan (right) and CEO of Samsung Vietnam Na Ki Hong (Photo: VNA)

Bac Ninh (VNA) – The northern province of Bac Ninh is committed to facilitating the operation of Samsung Vietnam in the locality, Chairman of the provincial People’s Committee Vuong Quoc Tuan has said.

At a working session with the group in Bac Ninh on July 21, Tuan noted that following the recent administrative merger, Bac Ninh’s economic scale has significantly expanded, creating a broad and dynamic ecosystem that serves Samsung Vietnam.

He cited preliminary statistics showing that about 70% of Samsung Vietnam’s suppliers are located in Bac Ninh, which supports the group’s production and business.

The provincial leader expressed hope that Samsung will continue to enhance the effectiveness of the tripartite cooperation programme between Samsung Vietnam, the Vietnamese Ministry of Industry and Trade, and the Bac Ninh People’s Committee. He also urged the group to accelerate technology transfer, support domestic enterprises in joining the global supply chain, and invest in high-quality human resources training through partnerships among Bac Ninh, training institutions, and Samsung.

Chairman of the provincial People's Committee Vuong Quoc Tuan (fifth, right) presents a local craft village product to CEO of Samsung Vietnam Na Ki Hong. (Photo: VNA)

Chairman of the provincial People's Committee Vuong Quoc Tuan (fifth, right) presents a local craft village product to CEO of Samsung Vietnam Na Ki Hong. (Photo: VNA)

He also called on Samsung to actively build ties with local business associations, consider constructing a landmark building bearing the Samsung brand in Bac Ninh, and continue improving employee welfare while paying greater attention to supporting local learning movements and social welfare programmes.

For his part, CEO of Samsung Vietnam Na Ki Hong affirmed that Samsung has always received strong support from Bac Ninh authorities throughout its production journey. While acknowledging that 2025 will still pose numerous challenges, he expressed confidence that, with timely backing from the provincial leadership, the group will overcome difficulties and fulfill its goals for the year.

Since establishing its first mobile phone factory in Yen Phong I Industrial Park in 2008, Samsung has expanded its footprint in Bac Ninh with three major projects: Samsung Display, Samsung Electronics, and Samsung SDI. Despite global economic uncertainties, the group achieved positive business results in the first half of 2025./.

VNA

See more

A view of Dinh Vu port in Hai Phong city. (Photo: VNA)

Circular on domestic maritime transport permits for foreign vessels issued

Under the circular, which will take effect from February 1 next year, the Minister of Construction will grant the permits for cases such as transporting oversized or overweight cargo or other types of goods using specialised vessels; clearing congested cargo, passengers, and luggage at ports when Vietnamese ships are unable to handle them; and conducting disaster relief, disease control, or emergency humanitarian aid.

At a tax office in Hanoi (Photo: VNA)

Decree regulates corporate income tax incentives

A CIT rate of 15% applies to enterprises with a total revenue in the preceding year of not more than 3 billion VND (114,000 USD), while a CIT rate of 17% applies to enterprises with a total revenue in the preceding year of over 3 billion VND but not more than 50 billion VND.

Ho Chi Minh City’s downtown area and the Thu Thiem peninsula, where the International Financial Centre is being developed. (Photo: VNA)

GOE Alliance commits to partnering with HCM City IFC

The GOE Alliance was officially launched at the Autumn Economic Forum in November 2025, bringing together technology firms, financial institutions, policy experts and international partners, including Viettel Digital Services, Dragon Capital, Tether, Ava Labs, Sky Mavis, Republic and Onchain Academy. The alliance aims to pilot on-chain economic models within a policy-oriented legal framework.

Vietnam's foreign trade is projected to hit a record of over 900 billion USD in 2025, positioning the country among the top 15 global trade powers. - Illustrative image (Photo: dantri.vn)

Vietnam joins elite group of 15 largest trading countries

The country recorded its first trade surplus in 2012 and has maintained a continuous streak of surplus for 10 years since 2016. The surplus grew steadily, hitting 19.9 billion USD in 2020, a record of 28.3 billion USD in 2023, and 24.9 billion USD in 2024.

Officials visit a booth at the festival. (Photo: VNA)

Vietnam OCOP Festival 2025 opens in Hanoi

The festival functions as a space to bring together regional OCOP excellence, a forum connecting OCOP stakeholders with distributors, investors, experts and consumers, and a platform to spread pride in indigenous culture, local knowledge, and the aspiration for legitimate prosperity.

Prime Minister Pham Minh Chinh (third from right) and officials launch the Ministry of Construction’s new information technology systems at the conference on December 21. (Photo: VNA)

Modern, comprehensive infrastructure – a need for fast, sustainable development: PM

The Party and State continue to define infrastructure development as one of the three strategic breakthroughs, with priority given to building comprehensive and modern infrastructure, particularly transport facilities, technological infrastructure, and green – digital transition infrastructure, to help realise the national target of double-digit growth, the PM said.

Prime Minister Pham Minh Chinh addresses he third meeting of the National Steering Committee implementing the Politburo’s Resolution 68 in Hanoi on December 20. (Photo: VNA)

PM pushes trust, breakthroughs to accelerate private sector growth

Prime Minister Pham Minh Chinh noted that since the rollout of Resolution 68, alongside supporting resolutions from the National Assembly (NA) and Government, there has been a marked change in understanding the private sector’s critical position and role in Vietnam’s socialist-oriented market economy.

PM Pham Minh Chinh chairs the meeting (Photo: VNA)

Private sector thrives eight months after Resolution 68’s launch: PM

The private sector has shown marked progress eight months after the launch of Resolution 68, registering about 18,000 new enterprises monthly and pushing the nationwide total to nearly 1.1 million, Prime Minister Pham Minh Chinh told the third meeting of the National Steering Committee in Hanoi on December 20.

Phin Ho Tra – a national five-star OCOP product. (Illustrative photo: VNA)

Hanoi to host Vietnam OCOP Festival 2025

The festival is seen a practical activity celebrating the achievements made by the capital and the country in 2025, affirming OCOP’s role in rural economic development, contributing to realising Vietnam’s aspiration for strong economic growth in the context of deep integration.