SHEMAR Power Co., Ltd. – a high-tech enterprise specializing in the research, development, and production of power products made from new materials – on September 23 revealed its investment plan in Bac Ninh.
According to the plan, the company's investment will be divided into two phases.
Phase 1 (2025–2030): The company plans to build two factories covering about 28 hectares, with a total investment of $90 million.
Phase 2 (2027–2033): It will continue with the construction of three additional factories on roughly 42 hectares, with a total investment of $100 million.
According to Mr. Ma Bin, Chairman of SHEMAR Power Co., Ltd., the company expects Bac Ninh province to provide support in site selection, tax and land incentives, as well as guidance on investment and business procedures.
On September 24, a delegation from the World Laureates Association Development Foundation (WLA Development Foundation) also visited Bac Ninh to explore investment opportunities.
Mr. Wu Xiangdong, Chief Director of the WLA Development Foundation, praised Bac Ninh’s potential, advantages, and strategic location. He also expressed his strong interest in the province’s orientation toward science and technology development and the building of a smart city.
Mr. Wu affirmed that the Shanghai-based organization stands ready to mobilize international experts in architecture, planning, and science and technology to collaborate with Bac Ninh in upcoming projects.
At the reception for delegation from the WLA Development Foundation, Mr. Vuong Quoc Tuan, Chairman of the Bac Ninh Provincial People's Committee, reaffirmed the province’s strong commitment to creating the most favorable conditions for Chinese enterprises.
He emphasized that Bac Ninh will continue streamlining administrative procedures, ensuring sufficient electricity supply and infrastructure, and promptly addressing challenges to support long-term business and production activities.
Earlier in September, Desay Group, one of China’s leading lithium battery manufacturers, also announced plans to expand its investment in Bac Ninh. With current capital of over $101 million, the group intends to inject an additional $25 million in the province.
According to the Foreign Investment Agency (Ministry of Finance), as of the end of August, China ranked as the 6th largest investor in Vietnam, with more than 5,836 projects and total registered capital exceeding $33.5 billion.
Similarly, Bac Ninh province is currently the second-largest FDI destination in Vietnam, hosting 3,363 projects from foreign investors with total registered capital surpassing $47.6 billion. In just the first eight months of 2025, the province attracted 245 new FDI projects with total registered capital of more than $4.68 billion, up 4.8 per cent compared to the same period last year.
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