According to the Bac Ninh Provincial Department of Finance, to date, Bac Ninh province has attracted more than 1,550 active investment projects from Chinese partners, with a total registered capital exceeding US$11.1 billion. Although ranking third in terms of capital size after South Korea and Singapore, China leads in the number of projects among the 44 countries and territories investing in Bac Ninh.
According to the Bac Ninh Provincial Industrial Zones Management Board, there are currently 755 active projects by Chinese enterprises, with a total registered capital of over 10 billion USD.
These figures not only reflect the expanding scale of investment and business operations of enterprises of Chinese origin, but also demonstrate the important role of this capital flow in the investment structure of Bac Ninh province.
Not only is the number of projects increasing, but the quality is also undergoing positive changes. Bac Ninh proactively approaches and selectively attracts investment, prioritizing high-tech sectors such as semiconductors, electronics, telecommunications, and data. Many large Chinese corporations have established a presence and expanded production in the locality, notably Goertek and Luxshare, contributing to making Bac Ninh one of the major electronics manufacturing centers in the country.
Notably, according to information from the Bac Ninh Provincial Industrial Parks Management Board, a Chinese corporation is planning to increase investment capital and expand its scale to build a factory in the semiconductor, electronics, and high-tech manufacturing sectors in Bac Ninh. If implemented, this would be an important step in the strategy of attracting projects with high technological content and added value, in line with the province's sustainable development orientation.
Along with attracting investment, Bac Ninh also focuses on improving the production and business environment, supporting businesses to maintain stable long-term operations. In fact, many Chinese businesses have confidently expanded their operations here, creating jobs for tens of thousands of workers.
For example, Luxshare-ICT Co., Ltd. currently has 4 factories in Bac Ninh with over 45,000 employees, operating in the electronics manufacturing sector. The average income of employees reaches approximately 9 million VND/month, contributing to ensuring social security and improving the lives of the people.
Notably, Bac Ninh is also studying options for socializing investment in infrastructure outside industrial zones, such as building more overpasses within industrial zones, in conjunction with plans to expand related expressways. These projects are expected to commence by the end of this year.
According to the plan, Bac Ninh province will allocate more than 2,000 billion VND to invest in infrastructure in this area, aiming to meet the increasing needs of production development and transportation for workers. This is considered a strategic step to enhance competitiveness, retain existing investors, and attract more large investors.
Source: https://tienphong.vn/bac-ninh-hut-manh-von-trung-quoc-post1835582.tpo
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