Lenovo Group Wants to Build Factory in Bac Ninh

Mr. Bach Bang, General Director of Lenovo Group (China) had a meeting with Chairman of Bac Ninh Provincial People’s Committee Nguyen Tu Quynh to explore investment opportunities and set up factory in Bac Ninh.

At the meeting, according to Mr. Bach Bang, Lenovo Group is a global enterprise, operating in the field of manufacturing computers, phones, electronic accessories and providing 24% of computers worldwide. Through reference to a number of large enterprises investing in Bac Ninh, as well as directly visiting some industrial parks, he realized that the potential and advantages of the province were great and expected to invest in building a factory to produce computer components with an area of ​​about 30 hectares in Bac Ninh. The products will be exported directly to the US.

Chairman of the provincial People’s Committee Nguyen Tu Quynh welcomed Lenovo’s intention to invest in building a factory in Bac Ninh and stressed that in addition to preferential policies for projects with large investment capital, high disbursement rates, the province will have policies to support the training of human resources and housing for workers in the area, at the same time, promptly remove difficulties, create favorable conditions for enterprises to invest in the province.

As known, Bac Ninh province currently has 16 concentrated industrial parks, attracting more than 1,300 FDI projects, total investment of about 18 billion USD from 33 countries and territories, of which China ranks 5th with about 160 projects. The FDI enterprises in the province have been operating stably, contributing to the local development and accounting for 73% of the province’s industrial production value.

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