Bac Ninh: A bright spot for investment attraction, striving for breakthroughs and rapid growth in the new era
WVR - Bac Ninh is steadily solidifying its position as a hub for industry and innovation in Northern Vietnam. The province consistently maintains its status as one of the country's leading regions for attracting investment, with the majority of projects focused on high technology and semiconductors.
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| Bac Ninh: A bright spot for investment attraction, striving for breakthroughs and rapid growth in the new era. (Photo: Courtesy) |
Bac Ninh Province identified as a growth triangle pole alongside Hanoi and Vinh Phuc. In the Master Plan for the Construction of the Hanoi Capital Region to 2030, with a vision to 2050, Bac Ninh is identified as a central hub of the entire region—especially in key sectors such as industry, education and training, transportation infrastructure connectivity, regional, national, and international functional zones, as well as heritage spaces and international tourism.
Capitalizing on its potential and advantages, in recent years Bac Ninh has implemented a series of socio-economic development measures, from building synchronized infrastructure to administrative reform, issuing investment attraction policies, and ensuring social welfare.
Leading in investment attraction
Bac Ninh's economic growth has seen a positive turnaround, with the province's Gross Regional Domestic Product (GRDP) in Q1/2025 increasing by 9.05% year-on-year. The industry-construction sector continues to play a leading role, holding the highest proportion in the province’s economic structure; meanwhile, the service sector keeps growing, occupying an increasingly larger share.
Specifically, the industrial-construction sector accounts for 66.19%, services 26.13%, agriculture-forestry-fisheries 3.43%, and product taxes minus subsidies 4.24%.
The investment and business environment is increasingly improving, with well-developed infrastructure in industrial zones attracting investors. The occupancy rate of leased industrial land according to planning has reached 62%, and the Industrial Production Index (IIP) has increased by 12.06% compared to the same period last year.
Total import-export turnover by mid-March is estimated at USD 14.01 billion, including USD 7.14 billion in exports (roughly equal to the same period in 2024) and USD 6.87 billion in imports, up 7%.
In addition, thanks to significant improvements in the investment environment and administrative procedures, in Q I/2025, Bac Ninh rose to become the leading province nationwide in attracting investment, with over USD 1 billion, mostly in high-tech and semiconductor projects.
To date, Bac Ninh Province has granted investment registration for over 2,400 valid FDI projects with a total registered capital of $31.3 billion, ranking 7th in the country in terms of total attracted investment capital. These projects come from 41 countries and territories, with China being one of the countries with the largest number of investing enterprises in the province.
Recently, Bac Ninh awarded investment certificates to 14 domestic enterprises with total registered capital of VND 8,116 billion (over USD 324 million); 6 foreign enterprises with total investment capital of over USD 320 million.
In addition, therea are 3 enterprises adjusted their investment licenses to increase capital by over USD 135 million and 1 enterprise signed an agreement to expand investment, with an additional USD 260 million.
As a result, total newly registered and additional investment capital surpassed USD 1 billion.
Bac Ninh aims to lead in smart, green, and high-tech industry
Among the notable large-scale projects, Hainan Goertek Co. (China) invested USD 270 million in a project to produce electronic components, circuit boards, electronic control devices, and smartwatches. Notably, Victory Giant Technology Vietnam Co., Ltd. increased its capital by USD 260 million, raising the total project investment to USD 520 million.
Mr. Vuong Quoc Tuan, Chairman of the Bac Ninh Provincial People’s Committee, said that Bac Ninh holds significant potential, internal strength, and numerous advantages for development, thanks to its strategic location that facilitates trade, connectivity, and cooperation both domestically and internationally.
The province is actively allocating and maximizing all available resources for economic and social development, attracting investment, and mobilizing various capital sources. It places priority on strategic investment projects with broad ripple effects, creating new development spaces and promoting sustainable growth.
“Notably, Bac Ninh is a province with strong industrial development,” Mr. Tuan affirmed. “We focus on developing high-tech and green industries, aiming to establish one of Vietnam’s leading electronics hubs, built on smart manufacturing foundations. We are accelerating the progress of major industrial projects with broad impact, making them key drivers of both provincial and national growth.”
He also emphasized that Bac Ninh is working to diversify and promote high-tech manufacturing sectors, with the goal of enhancing the province’s position within global value chains.
Accelerating infrastructure, digital transformation, and high-tech investment to maintain growth momentum
Looking ahead, Bac Ninh province will continue to accelerate infrastructure development to create a more favorable environment for investors. In addition to ready-made clean land and factory spaces in existing industrial parks designed to welcome new investment projects, the province is also expanding industrial zones. Notably, Bac Ninh plans to establish a dedicated high-tech and digital transformation industrial park, closely tied to key infrastructure projects like the Gia Binh Airport and Ring Road 4 – Hanoi Capital Region.
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| Bac Ninh: A bright spot for investment attraction, striving for breakthroughs and rapid growth in the new era: Bac Ninh is a province with strong industrial development. (Photo: VNA) |
At the same time, the province is speeding up the implementation of IT application projects in line with its roadmap, with the goal of fulfilling its 2025 digital transformation commitments and improving its provincial Digital Transformation Index ranking.
Additionally, Bac Ninh is implementing a green lane" mechanism for streamlined administrative procedures related to investment projects. The Province is also holding dialogues with private tech enterprises to strengthen cooperation; actively promoting foreign affairs and investment promotion in strategic international markets; focusing on developing high-potential industries, while transitioning and attracting investment into emerging sectors.
In anticipation of potential adjustments to U.S. economic and trade policies, Bac Ninh Province is proactively preparing to adapt. The province is considering the establishment of a provincial-level Rapid Response Task Force to ensure timely and strategic responses to external policy changes. This initiative aims to facilitate the relocation and continuity of American supply chains in Vietnam, especially in strategic sectors such as semiconductors, artificial intelligence, and other high-tech industries.
These measures are part of Bac Ninh's broader strategy to strengthen its appeal to foreign tech giants (“eagles”) looking for stable and strategic bases in Southeast Asia; create a breakthrough in economic growth, with the ambition to accelerate development in the emerging global era.
The province hopes that by offering a responsive, investor-friendly environment, it can become a top destination for global technology firms seeking resilience and expansion in Asia.
Currently, Bac Ninh province has 16 industrial parks covering a total area of over 6,400 hectares, with an occupancy rate of nearly 60%, leaving significant room for further investment. The province is actively working on expanding its industrial zones and is in the process of developing additional areas, including a high-tech and digital transformation industrial park linked to the Gia Binh Airport. This project is expected to be a key driver for Bac Ninh's economic growth in the near future.
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