Bac Ninh posts 6.8 pct. growth in nine-month exports
Bac Ninh province, a major investment magnet and industrial hub in the north of Vietnam, earned 26.13 billion USD from exports in the first nine months of 2020, up 6.8 percent year-on-year.
A factory of the Green Energy Technology Vietnam Co. Ltd in Tien Du district of Bac Ninh province (Photo: VNA)
Hanoi (VNA) - Bac Ninh province, a major investmentmagnet and industrial hub in the north of Vietnam, earned 26.13 billion USDfrom exports in the first nine months of 2020, up 6.8 percent year-on-year.
Exports by FDI firms made up 99 percent of thetotal and rose 6.4 percent, while those by private businesses surged 2.3-fold,according to the province’s Statistics Office.
Key exports posting high growth year-on-year includedplastic products (53.5 percent), textile-garment materials (35.7 percent), andcomputers and components (80 percent).
Main export destinations were East Asia (32.1percent of the total value), the US (13.6 percent), Western Europe (4.3percent), and Eastern Europe (4.2 percent).
Meanwhile, Bac Ninh imported some 22.64 billionUSD worth of goods during the period, an increase of 9.1 percent year-on-year.Imports by the FDI sector rose 8.2 percent and by private enterprises 75.4percent.
Textile-garment materials, electronic components,and paper were among the major items purchased from abroad to serve localproduction, data shows.
The Statistics Office attributed the high importgrowth to the Republic of Korea’s Samsung SEV and Samsung SDV boosting the importationof components and materials to produce the new Samsung Galaxy Note 20, R180Galaxy Buds, and accessories./.
The Ministry of Industry and Trade (MoIT), the People’s Committee of Bac Ninh province, and Samsung Electronics Vietnam have jointly signed a memorandum of understanding (MoU) on a programme to support Vietnamese businesses operating in the northern province.
Despite COVID-19 affecting global production and supply chains, the northern province of Bac Ninh has maintained significant growth in FDI flows into its industrial parks (IPs).
The congress of the Party organisation of Bac Ninh province approved a resolution on socio-economic development for 2020-2025 on September 26, which sets a target of turning the northern province of Bac Ninh into a centrally-run city.
Son Ha Development Of Renewable Energy Joint Stock Company, a member of Son Ha Group, on the weekend inaugurated its EVgo electric vehicle production plant in the northern province of Bac Ninh, Thuan Thanh II Industrial Park.
The northern province of Bac Ninh has set itself a target of 2,500 new enterprises each year in the period from 2020 to 2025, as part of its scheme to support small and medium-sized enterprises (SMEs).
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
A factory of the Green Energy Technology Vietnam Co. Ltd in Tien Du district of Bac Ninh province (Photo: VNA) 
