Business

Bac Ninh receives additional investment of nearly 1.1 billion USD

Investment licences were handed over to 14 domestic enterprises with a combined investment of 8.1 trillion VND (324.6 million USD), six foreign companies with 320.5 million USD, and three companies that increased their investment by 135.8 million USD.

Bac Ninh officials hand over investment registration licences to enterprises on March 31. (Photo: VNA)
Bac Ninh officials hand over investment registration licences to enterprises on March 31. (Photo: VNA)

Bac Ninh (VNA) – The northern province of Bac Ninh on March 31 granted investment registration licences to 23 enterprises and gave green light to another to expand its project, with a total capital of 1.1 billion USD.

Specifically, investment licences were handed over to 14 domestic enterprises with a combined investment of 8.1 trillion VND (324.6 million USD), six foreign companies with 320.5 million USD, and three companies that increased their investment by 135.8 million USD.

Chairman of the provincial People’s Committee Vuong Quoc Tuan thanked the investors and enterprises for their selection of Bac Ninh for their continued and new investments.

He affirmed Bac Ninh's commitment to providing the best conditions for them to operate in the province.

Tuan praised the investment projects, including a high-tech one worth 100 million USD. This also marked a significant milestone as the newly registered capital of domestic enterprises nearly reaches that of FDI companies, showcasing the strength of local businesses and their transition toward sustainable and digital models.

Bac Ninh, with 16 concentrated industrial parks (IP) covering 6,400 ha and five others included in the provincial master plan for 2021-2050, has established itself as the industrial hub of the northern region, attracting multinational corporations in electronics and semiconductors.

On this occasion, Bac Ninh honoured five enterprises for their effective capital disbursement, totaling nearly 1.2 billion USD.

Bac Ninh remains a leader in industrial development, consistently ranking among the top localities in foreign investment attraction. In 2024, it lured over 5.1 billion USD, securing the top position nationwide.

In the first quarter of 2025, Bac Ninh's industrial parks attracted nearly 2 billion USD in new and adjusted investment, including approximately 1.6 billion USD in FDI./.

VNA
#Bac Ninh #FDI #industrial parks #investment licences Bac Ninh
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