Northern Vietnam province Bac Ninh pledges favorable conditions for Singaporean semiconductor investors

Vice Chairman of the Bac Ninh provincial People’s Committee Mai Son has affirmed that the province will create the most favourable, transparent, and stable environment for investors.

At a working session on Wednesday with a delegation from the Singapore Semiconductor Industry Association (SSIA), Son noted that Singaporean enterprises are already among the major trading partners of Bac Ninh businesses.

He said he hopes more Singaporean firms will explore investment opportunities in the province and called on the SSIA to encourage major corporations to make investments.

SSIA executive director Ang Wee Seng said the Singapore Government consistently supports the semiconductor industry and has launched various initiatives to spur growth, investing heavily in research, development, and innovation. The fact that semiconductors account for nearly 7% of Singapore’s GDP, he stressed, demonstrates the sector’s vital role in the national economy.

He expressed his hope that Bac Ninh’s leaders and local departments will provide the best possible conditions for Singaporean semiconductor businesses to scope out the investment environment, while offering support and guidance on investment and business procedures.

The SSIA is a key organization representing the interests of Singapore’s microelectronics sector. Its mission is to connect the city state’s semiconductor industry with global partners, creating a platform for leaders to share insights and practical experiences. The association focuses on advancing emerging technologies and fostering collaborative initiatives.

Bac Ninh is home to 33 industrial parks covering a total area of 10,171 hectares and 93 industrial clusters with a combined area of 3,497 hectares.

Since 2015, smartphones produced at the Samsung Bac Ninh Complex have become the province’s key industrial product. This has helped to turn Bac Ninh in particular, and Vietnam more broadly into a major hub of electronic component manufacturing for global tech giants such as Samsung, LG, Canon, and Toshiba.