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

The northern province of Bac Ninh, which has been emerged from the former provinces of Bac Ninh and Bac Giang since July 1, ranked second nationwide in foreign direct investment (FDI) attraction in the first six months of this year, following Hanoi.

The province attracted total FDI registered investment capital of nearly $3.15 billion in the first six months of this year, accounting for 14.6% of the nation's total, and making a 7.1% increase year-on-year.

The Vietnam News Agency quoted data from the provincial People’s Committee as reporting that total registered investment capital from both domestic and FDI projects poured into the province in the first six-month period reached approximately $12.04 billion. 

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 VND156.3 trillion (more than $5.98 billion). 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, prioritizing 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.