Bac Ninh: Attracting selective investment, enhancing value.

BAC NINH - Despite the challenging economic context, Bac Ninh province remains a bright spot in attracting foreign direct investment (FDI). Leveraging its advantages as an industrial production center, the province has proactively seized and effectively exploited opportunities, combined with accelerating investment in infrastructure for industrial zones and clusters, and digital transformation infrastructure, ensuring Bac Ninh continues to be an attractive destination for investors.

Stay firmly in the top

Bac Ninh currently has 33 established industrial parks with a total area of ​​6,401 hectares and 93 established industrial clusters with a total area of ​​3,497 hectares. The province's technical infrastructure is synchronously connected, creating favorable conditions for the movement of goods and personnel, promoting production and business activities. To optimize its advantages, Bac Ninh has been proactively researching and developing flexible and effective investment attraction mechanisms and policies, focusing on investment incentives based on industry and location, especially in industrial parks and technology zones; prioritizing high-tech fields, manufacturing, high-quality services, research, and innovation.

Samsung Group is building a manufacturing center in Yen Phong I Industrial Park.

Simultaneously, the province pursues a selective approach to attracting investment, prioritizing high-tech, environmentally friendly projects with commitments to technology transfer and linkages with domestic businesses. Industries encouraged for investment include electronic components, semiconductors, supporting industries, renewable energy, and logistics. Furthermore, it calls upon leading multinational corporations and technology-focused investment funds to invest in concentrated industrial parks, urban areas, and commercial centers. As a result, the province has capitalized on the trend of supply chain relocation away from certain countries and welcomed a wave of investment from major corporations such as Samsung, Foxconn, Apple, Goertek, Amkor, and Victory Giant Technology, investing in the software and semiconductor industries. This clearly demonstrates the positive changes, both qualitatively and quantitatively, in attracting investment to the province.

From the beginning of the year until now, Bac Ninh has attracted more than 15.3 billion USD in converted investment capital. Specifically, regarding domestic investment attraction, 202 new projects were granted licenses with a total registered capital of 274,491.8 billion VND; and 223 projects had their capital increased, with a total additional registered capital of 10,806.9 billion VND. Regarding FDI attraction, 258 new projects were granted licenses with a total registered capital of nearly 1.3 billion USD; and 197 projects had their capital increased, with a total additional capital of nearly 2.8 billion USD...

From the beginning of the year until now, Bac Ninh has attracted more than 15.3 billion USD in converted investment capital. Specifically, regarding domestic investment, 202 new projects were granted licenses with a total registered capital of VND 274,491.8 billion; and 223 projects had their capital increased, with a total additional registered capital of VND 10,806.9 billion. Regarding FDI investment, 258 new projects were granted licenses with a total registered capital of nearly USD 1.3 billion; and 197 projects had their capital increased, with a total additional capital of nearly USD 2.8 billion... It is expected that at the investment promotion conference, Bac Ninh province will award 7 decisions approving investment policies and 12 decisions selecting investors for investment projects outside industrial zones. 7 new investment registration certificates will also be awarded to 7 FDI enterprises. Seven new investment registration certificates were issued to seven domestic enterprises, and nine investment registration certificates with increased capital were issued to nine FDI enterprises by investors in the industrial park. The total investment capital of these projects is approximately US$6.88 billion.

Proactively lead investment flows.

According to experts, Bac Ninh's investment environment is continuously improving, its investment attraction policies are becoming increasingly attractive, and its abundant workforce and favorable supply chain are factors that will retain and attract more high-quality FDI in the future. In addition, Government Decree No. 19/2025/ND-CP, which guides procedures for strategic projects, simplifies procedures under the amended Investment Law, and abolishes the requirement for fire safety, environmental, and construction assessments before granting permits for some projects. These factors will stimulate demand, leading to continued growth in FDI attraction in Bac Ninh.

AAC Technologies Vietnam Co., Ltd. (Que Vo Industrial Park) specializes in manufacturing electronic components.

Simultaneously, four important Politburo resolutions were issued, focusing on key areas that will unlock investment attraction in the coming period. These are: Resolution 57-NQ/TW, dated December 22, 2024, on breakthroughs in the development of science, technology, innovation, and national digital transformation; Resolution 59-NQ/TW, dated January 24, 2025, on proactive and comprehensive international integration; Resolution 66-NQ/TW, dated April 30, 2025, on comprehensive reform of lawmaking and enforcement; and Resolution 68-NQ/TW, dated May 4, 2025, on the development of the private economy. Each resolution focuses on addressing a key area, aiming to streamline and transparentize procedures, create the most favorable conditions for investors, and enhance the competitiveness of domestic businesses.

Recognizing that attracting foreign direct investment is the backbone of today's key industries, the business model in this sector still primarily relies on exploiting cheap, low-skilled labor. Therefore, to leverage this advantage and enhance the value of investment capital in the province, Bac Ninh province is shifting its investment promotion approach from attracting investment at all costs to a proactive and leading approach.

Simultaneously, strengthen the capacity of domestic enterprises and build a substantial supporting industry; build a platform connecting FDI enterprises and domestic suppliers to address information gaps and increase localization rates; develop human resources, especially high-quality human resources, to meet the recruitment requirements of investors; promote administrative reform, especially in the construction and investment sectors, upholding a sense of responsibility in serving businesses and citizens; promote green transformation of industrial parks and digital transformation associated with the effective implementation of Government Decree No. 06 DA/CP on "Developing applications of population data, identification and electronic authentication to serve national digital transformation in the period 2022-2025, with a vision to 2030".

Thai Uyen

Source: https://baobacninhtv.vn/bac-ninh-thu-hut-dau-tu-co-chon-loc-nang-tam-gia-tri-postid424193.bbg