Bắc Ninh promises favourable conditions for chip, semiconductor technology investments

Bắc Ninh promises favourable conditions for chip, semiconductor technology investments

Regarding Cooler Master’s proposals, the provincial leader said Bắc Ninh is ready to offer tax incentives and reductions in line with existing regulations if the project meets criteria.

Chairman of the Bắc Ninh provincial People’s Committee Phạm Hoàng Sơn (R) receives Andy Lin, Vice President of Cooler Master, on Tuesday. — VNA/VNS Photo

The northern province of Bắc Ninh is emerging as a promising destination for investment in chip manufacturing, semiconductor technology and other high-tech industries, according to Chairman of the provincial People’s Committee Phạm Hoàng Sơn. 

At the meeting with Andy Lin, Vice President of China-based Cooler Master Co., Ltd. on Tuesday, Sơn said the province has significant opportunities for development and is gradually forming an ecosystem for chip production, semiconductor technology and high-tech sectors. 

The locality is also investing in major infrastructure projects, including Gia Bình International Airport that will meet 4F and five-star standards and become one of the world’s top ten airports. The airport is expected to begin initial operations by the end of 2027, providing favourable conditions for both passenger and cargo transport, he noted. 

Cooler Master Co., Ltd. received its first investment registration certificate in January 2023 and increased its capital in December 2024, bringing the total investment to US$200 million. Its project covers 10ha in the Gia Bình Industrial Park and specialises in producing cooling modules for artificial intelligence servers, machine-learning systems and precision liquid-cooling cabinets for data centres. 

The first phase of the project became operational in July last year, employing about 1,300 workers. The company expects to use around 5,000 employees this year as production expands. As part of its strategy to build a global supply chain in Bắc Ninh, the group plans to lease about 100ha of land in Gia Bình Industrial Park to expand manufacturing and attract its vendors and partners to invest in production facilities, thereby strengthening supply chain stability. 

In addition, the company intends to develop a residential area for workers and specialised housing for its employees, while investing in talent training programmes to provide skilled human resources for its global operations. If approved, the project’s total investment could reach approximately $3 billion, creating about 40,000 jobs by 2029. 

During the meeting, Andy Lin proposed that Bắc Ninh continue supporting the company through tax incentives and favourable land lease or purchase prices. He also requested assistance with administrative procedures related to the construction of training centres and residential facilities, as well as streamlined procedures during project implementation. 

Regarding the firm’s proposals, the provincial leader said Bắc Ninh is ready to offer tax incentives and reductions in line with existing regulations if the project meets criteria. On land leasing and pricing, he suggested that the Hanaka Group Joint Stock Company, the infrastructure developer of the Gia Bình Industrial Park II, work closely with Cooler Master to reach reasonable terms. 

The chairman assigned the provincial Industrial Zones Authority to act as the focal point in guiding and facilitating the group’s investment activities in the locality. 

Bizhub