Bac Ninh backs RoK’s Soosan Group in expanding investment
BAC NINH - Nguyen Hong Thai, Member of the Party Central Committee and Secretary of the Bac Ninh city Party Committee, on November 12 chaired a meeting with Chung Suk Hyun, Chairman of the Republic of Korea’s Soosan Group.
Also attending were Pham Hoang Son, Deputy Secretary of the municipal Party Committee and Chairman of the municipal People's Committee, and Nguyen Thi Ha, Member of the Standing Board of the municipal Party Committee and President of the city Vietnam Fatherland Front Committee.
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Bac Ninh Party Committee Secretary Nguyen Hong Thai and Soosan Group Chairman Chung Suk Hyun (South Korea) chair the working session. |
At the meeting, Chung said Soosan is a medium-sized Korean enterprise primarily operating in three sectors: power, heavy machinery and specialised equipment manufacturing, and information technology (IT).
The group is currently investing in two major projects in Bac Ninh city, with total registered capital of 45.9 million USD and a combined land area of 13 hectares.
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Bac Ninh People's Committee Chairman Pham Hoang Son and Vietnam Fatherland Front Committee Chairwoman Nguyen Thi Ha attend the working session. |
The first project, located in Hap Linh Industrial Cluster and implemented by Doosung Vietnam Automobile Company Limited, specialses in manufacturing semi-trailers and specialised vehicles.
Covering nearly five hectares, the project has total investment capital of 8 million USD. Revenue in the first nine months of 2026 reached 691 billion VND (26.92 million USD), while the project has created jobs for 180 workers.
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Soosan Group Chairman Chung Suk Hyun (South Korea) donates 200 million VND to Bac Ninh City's "For the Poor" Fund. |
The second project covers 8 hectares in Nam Son-Hap Linh Industrial Park, and has registered investment capital of around 37.9 million USD. It was granted an investment registration certificate in April 2026.
The project focuses on manufacturing automobiles, motor vehicles, trailers, semi-trailers, and lifting and material-handling equipment. It is currently in the detailed design completion phase, with construction of the factory scheduled to begin in 2027. The facility is expected to officially commence operations in July 2028.
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Bac Ninh Party Committee Secretary Nguyen Hong Thai presents a certificate of appreciation to the company in recognition of its charitable contribution. |
At the meeting, the Soosan chairman also outlined the group's development plans, emphasising the increased application of advanced automation in production, expansion of investment scale, and greater contributions to the local socio-economic development.
Thai acknowledged Soosan Group's longstanding investment presence in the locality, its extensive operating history and positive contributions to Bac Ninh's development.
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The delegates pose for a photo. |
Outlining the city's development priorities, he said Bac Ninh faces several key tasks in pursuit of double-digit economic growth. Alongside the determination of authorities at all levels, he expressed hope that the group would continue its close partnership with the city and maintain its long-term investment commitment.
The city leader pledged that within the framework of Vietnamese law and the authority of local government, the city would provide maximum support and favourable conditions for Soosan Group, particularly in implementing its long-term investment strategy and promptly addressing difficulties and obstacles arising during production and business operations.
On this occasion, Soosan Vietnam Automobile Company Limited donated 200 million VND to Bac Ninh city's "For the Poor" Fund.
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