Bac Ninh (VNA) – The northern province of Bac Ninh has continued to affirm its position as a dynamic growth hub in the north and a leading destination for investors, particularly in the fields of smart cities, green urban development, high technology, and the semiconductor industry.
According to the provincial People’s Committee, as of September 20, the province had drawn more than 15.3 billion USD in investment capital. This included 162 newly licensed domestic projects worth 256.1 trillion VND and 262 new foreign-invested projects with registered capital of 1.51 billion USD. Additionally, capital was raised for 141 existing domestic projects and 201 FDI projects, with an additional 10.6 trillion VND (401.74 million USD) and 3.3 billion USD registered respectively. With these results, Bac Ninh now ranks first nationwide in foreign direct investment attraction.
These numbers were announced at the monthly meeting of the provincial People’s Committee.
Alongside robust investment attraction, Bac Ninh’s economy has recorded positive performance. Gross regional domestic product (GRDP) in the third quarter expanded 11.26%, bringing nine-month growth to 10.7%. Industry and construction rose by 11.73%, services by 8.88%, and agriculture, forestry and fisheries by 5.79%. Product tax revenue also grew 6.21%. The province has set an annual growth target of 11.5%.
Industrial output has been a key driver. The index of industrial production (IIP) in September rose 14.63% year-on-year, while the nine-month index increased 15.93%. The value of industrial production at current prices was estimated at 236.9 trillion VND in September, up 15.86% year-on-year, and 1.77 quadrillion VND in the first nine months, up 15.32%.
The local business environment also showed strong momentum. In the first nine months, 5,448 enterprises entered the market, a surge of 25% over the same period last year, with registered capital of 94.6 trillion VND. In addition, 369 branches and representative offices were licensed, and 2,142 new business locations were established.
Budget revenue remained a bright spot, with total collections estimated at 56.5 trillion VND in the first nine months, equivalent to 99.5% of the yearly estimate. Domestic revenue reached 47.3 trillion VND, equal to 103.2% of the target and up 54.9% year-on-year, while land use fees brought in 15.5 trillion VND, 166.3% of the plan.
“Although challenges remain, Bac Ninh’s socio-economic situation has achieved comprehensive, positive results across all fields,” Chairman of the provincial People’s Committee Vuong Quoc Tuan said, stressing that in the fourth quarter, the province must secure growth of 12.4% to meet its annual target and lay a solid foundation for 2026./.
