Bac Giang province targets $1.5 bln in FDI attraction in 2025

Northern Bac Giang province targets to attract $1.5 billion of foreign direct investment (FDI) capital in 2025, according to Chairman of the provincial People's Committee Nguyen Viet Oanh, the Vietnam News Agency has reported.

The province will focus on attracting investment in the industrial sector, aiming to develop an industrial ecosystem that connects industrial zones with urban and service areas with synchronized, modern technical and social infrastructure, the newly-elected chairman said.

It aims to lure large-scale processing and manufacturing projects that apply high technology, smart production, AI, green transition, and clean technology, particularly in those in the semiconductor industry, which have a high value and connect global production and supply chains.

Last year, the  province attracted total investment capital worth over $2.23 billion, including over $507 million of registered capital from 73 FDI projects.