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Amkor to push up investment in northern Vietnam by 11 years

US-headquartered Amkor intends to invest US$1.07 billion in northern Vietnam’s Bac Ninh province 11 years earlier than expected, according to the Danviet

This will make the province one of Amkor’s most extensive facilities in the world with total funding for the project reaching $1.6 billion–a $520-million factory in the first phase was inaugurated in October 2023. 

This move is in line with a number of other big names investing in Bac Ninh including Samsung, Fushan, Canon, and Foxconn–Bac Ninh was the second most popular province for foreign invested projects in the first quarter 2024.

This is, in part, because the province’s geographical position is strategic. 

Bac Ninh borders Hanoi, Hai Duong, Hung Yen, Bac Giang and Thai Nguyen, which makes it almost the centre of the key northern economic region in Vietnam. It is also located near Noi Bai international airport and Hai Phong seaport, both of which make getting manufactured goods into and out of Vietnam.

See also: Logistics in Vietnam: Ultimate Guide (2024)

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