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Bac Ninh ranks second nationwide in FDI attraction so far this year

Bac Ninh remains a magnet for both domestic and foreign investors, particularly in the field of electronic component manufacturing, where several new and expanded FDI projects have come operation.

Production line of electronic components at Flexcom Vietnam Co., Ltd., in Yen Phong Industrial Park, Bac Ninh province. (Photo: VNA)
Production line of electronic components at Flexcom Vietnam Co., Ltd., in Yen Phong Industrial Park, Bac Ninh province. (Photo: VNA)

Bac Ninh (VNA) – The northern province of Bac Ninh has ranked second nationwide in foreign direct investment (FDI) attraction in the first six months of this year, following Hanoi.

According to the provincial People’s Committee, total investment capital into the province from the start of the year has reached approximately 12.04 billion USD. Of the total, 943.7 million USD came from 186 newly-licensed FDI projects and 2.43 billion USD from 141 capital-added projects, along with the remainders from new and existing domestic projects.

The province’s industrial production has maintained solid growth since the beginning of the year, driven largely by the processing and manufacturing sector. Bac Ninh remains a magnet for both domestic and foreign investors, particularly in the field of electronic component manufacturing, where several new and expanded FDI projects have come operation.

Bac Ninh’s total industrial production value is estimated at 156.3 trillion VND. Key products such as smartphones, construction-grade iron and steel have seen increases in output compared to the same period in 2024.

These positive results are attributed to the concerted efforts of the entire political system, effective investment attraction policies, and the consistent, proactive direction of the provincial leadership. Bac Ninh has taken strong steps to improve its business and investment environment, prioritising industrial infrastructure development, especially in industrial parks, alongside administrative reform, support for high-tech industries, and investment promotion both at home and abroad.

The province has also been proactive in assisting businesses to resolve difficulties related to investment procedures and production operations. Local authorities continue to enforce legal regulations on investment, construction, labor, environment, food safety, and fire prevention to ensure sustainable development.

Currently, Bac Ninh is home to 33 industrial parks covering 6,401 ha and 93 industrial clusters with a combined area of 3,497 ha./.

VNA
#Bac Ninh #FDI #investments #electronic component manufacturing #FDI projects
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