Bac Ninh attracts almost 3 billion USD in investment
The northern province of Bac Ninh has drawn nearly 3 billion USD in investment capital since the start of the year, reported the provincial Management Board of Industrial Parks.
Bac Ninh attracts almost 3 billion USD in investment (Illustrative image. Source: VNA)
Bac Ninh (VNA) – The northern province of Bac Ninh has drawn nearly 3 billion USD in investmentcapital since the start of the year, reported the provincial Management Board ofIndustrial Parks. Of the sum, theinvestment flow from foreign direct investment (FDI) projects exceeded 2.8billion USD, while the rest came from domestic projects. In July alone,the province licensed 10 new projects with a total registered capital of 29.44million USD, of which 21.28 million USD from FDI projects. Bac Ninhprovince has given priority to the hi-tech, supporting and manufacturingindustries. Besides, local authorities have held frequent meetings withbusinesses to address their difficulties, fostered production and raised theefficiency of local industrial parks and clusters. In addition, theprovince has reviewed and further improved its investment climate whilesimplifying administrative procedures, especially in the fields related to land,construction, labour and customs. The Bac Ninh ManagementBoard of Industrial Park has to date granted 1,138 investment certificates to401 domestic and 737 foreign firms, with a combined registered capital of over16.1 billion USD.-VNA
Malaysian Ambassador to Vietnam Dato Azmil Mohd Zabidi led a Malaysian business delegation to explore investment opportunities in the northern province of Bac Ninh on May 21.
The northern province of Bac Ninh is leading the country in foreign direct investment (FDI) attraction, drawing over 2.6 billion USD from 14 newly-licensed projects and 48 capital-added projects in the first quarter of this year.
Foreign investors have poured 10.95 billion USD into new and operational FDI projects and to buy stakes in local companies in the first four months of 2017, up 40.5 percent year on year.
Total foreign direct investment (FDI) in Vietnam reached 11 billion USD from the outset of the year, a year-on-year surge of nearly 41 percent, said the Foreign Investment Agency.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
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Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Bac Ninh attracts almost 3 billion USD in investment (Illustrative image. Source: VNA) 
