Work begins on two hi-tech factories in Bac Ninh province
Since the beginning of this year, Bac Ninh has attracted approximately 1.45 billion USD in foreign direct investment (FDI). To date, the province has granted investment registration certificates to over 2,400 valid FDI projects, with a total registered capital of 31.3 billion USD, ranking 7th nationwide in terms of investment attraction
Delegates at the ground-breaking ceremony of the Victory Giant Technology Vietnam factory in Bac Ninh province. (Photo: VNA)
Bac Ninh (VNA)🎉 – Ground-breaking ceremonies were held on March 30 for the Victory Giant Technology Vietnam factory and Green Precision Manufacturing Vietnam Co. Ltd project in VSIP Bac Ninh II, located in the northern province of Bac Ninh, with combined investment of over 640 million USD.
The first project is developed by China’s Victory Giant Technology which specialises in the research, development, production, and sales of high-precision printed circuit boards (PCBs), HDI, FPC, and Rigid-Flex circuit boards. These products play a crucial role in artificial intelligence, large-scale data centres, industrial internet, green energy automobiles, next-generation communication technology, aerospace, and medical equipment.
With a total investment of 520 million USD, the factory is designed to produce 4 million square metres of PCBs annually, generating an estimated production value of 900 million USD and significantly contributing to Vietnam’s high-precision PCB manufacturing industry.
Chairman of the provincial People’s Committee Vuong Quoc Tuan speaks at the event. (Photo: VNA)
Highlighting the province’s favourable investment environment, Chairman of the provincial People’s Committee Vuong Quoc Tuan expressed his hope that Victory Giant Technology would swiftly complete the necessary procedures to begin construction and commence production. He also urged the company to adhere to legal regulations, foster a strong corporate culture, and ensure welfare for its workers.
Tuan reaffirmed Bac Ninh’s commitment to supporting businesses with a partnership-driven approach. In response to the company's proposal, the province has submitted a request to the government for approval to develop dormitories for workers.
Meanwhile, Green Precision, a China-based high-tech enterprise, specialises in the research, design, and production of precision components for electronic consumer products, including speakers, mobile phones, tablets, and electronic payment devices.
The company's factory in Bac Ninh has a total investment of 121 million USD. It is expected to commence operations in the second quarter of 2026, with an estimated annual production capacity of 62 million products and a projected production value of 413 million USD.
Tuan underscored the significance of this project, expressing his optimism that, once operational, it would generate substantial production value and positively contribute to the province’s economic growth.
Since the beginning of this year, Bac Ninh has attracted approximately 1.45 billion USD in foreign direct investment (FDI). To date, the province has granted investment registration certificates to over 2,400 valid FDI projects, with a total registered capital of 31.3 billion USD, ranking 7th nationwide in terms of investment attraction./.
With its potential and local authorities’ flexible and business-friendly policies, Bac Ninh is establishing itself as a magnet for both domestic and foreign investors.
Industrial zones in the northern province of Bac Ninh are targeting the attraction of approximately 100 foreign direct investment (FDI) projects this year, with total capital for new and existing projects expected to reach 1.2 billion USD.
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.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
