Bac Ninh: Selectively attracting investment, enhancing value

BAC NINH - Despite the economic difficulties, Bac Ninh province is still a bright spot in attracting foreign direct investment (FDI). Promoting the advantages of an industrial production center, the province has proactively grasped and effectively exploited opportunities and opportunities, combined with accelerating the progress of investment in infrastructure of industrial parks and clusters, and digital transformation infrastructure so that Bac Ninh continues to be an attractive destination for investors.

Steady 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 synchronous technical infrastructure in the province creates favorable conditions for the movement of goods and human resources, promoting production and business activities. In order to optimize advantages, in recent times, Bac Ninh has been proactively researching and building flexible and effective investment attraction mechanisms and policies, focusing on investment incentives by industry and location, especially in industrial parks and technology parks; prioritizing high-tech fields, manufacturing and processing industry, high-quality services, research and innovation.

Samsung Group builds production center in Yen Phong I Industrial Park.

At the same time, pursuing the criteria of selective attraction, prioritizing high-tech, environmentally friendly projects, with commitments to technology transfer and creating links with domestic enterprises. The sectors encouraged by the province to invest include electronic components, semiconductors, supporting industries, renewable energy and logistics. At the same time, calling on the world's leading multinational corporations and investment funds specializing in technology to "pour capital" into concentrated industrial parks, urban areas and commercial centers. Thanks to that, it has taken advantage of the trend of shifting supply chains out of some countries and welcomed the wave of investment capital shift from large corporations such as: Samsung, Foxconn, Apple, Goertek, Amkor, Victory Giant Technology ... investing in the fields of software and semiconductor industries. This is a clear demonstration of the positive changes in both quality and quantity in attracting investment capital into the province.

Since the beginning of the year, Bac Ninh has attracted more than 15.3 billion USD in converted investment capital. Specifically, in terms of attracting domestic investment capital, of which 202 new projects were granted, with a total registered capital of 274,491.8 billion VND; 223 projects were adjusted to increase capital, with a total additional registered capital of 10,806.9 billion VND. In terms of attracting FDI capital, 258 new projects were granted, with a total registered capital of nearly 1.3 billion USD; 197 projects were adjusted to increase capital, with a total additional capital of nearly 2.8 billion USD...

Since the beginning of the year, Bac Ninh has attracted more than 15.3 billion USD in converted investment capital. Specifically, in terms of attracting domestic investment capital, of which 202 new projects were granted, with a total registered capital of VND 274,491.8 billion; 223 projects were adjusted to increase capital, with a total additional registered capital of VND 10,806.9 billion. In terms of attracting FDI capital, 258 new projects were granted, with a total registered capital of nearly 1.3 billion USD; 197 projects were adjusted to increase capital, with a total additional capital of nearly 2.8 billion USD... It is expected that at the investment promotion conference, Bac Ninh province will grant 7 decisions approving investment policies and 12 decisions selecting investors for investment projects outside industrial parks. Grant 7 new investment registration certificates to 7 FDI enterprises; 7 new investment registration certificates issued to 7 domestic enterprises, 9 investment registration certificates issued to adjust capital increase of 9 FDI enterprises of investors in industrial parks. Total investment capital of the projects is about 6.88 billion USD.

Proactively lead investment capital flow

According to experts, Bac Ninh's investment environment has been continuously improved, its attraction policies have become more and more attractive, along with abundant human resources and favorable supply chains, which are factors that will retain and attract more quality FDI capital in the coming time. In addition, according to Decree No. 19/2025/ND-CP of the Government guiding procedures for strategic projects, simplifying procedures according to the amended Investment Law, and abolishing the requirement for fire prevention, fighting, environmental, and construction appraisal before granting licenses for some projects are also factors that stimulate demand, making FDI capital attraction in Bac Ninh continue to flourish.

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

At the same time, 4 important Resolutions of the Politburo have been issued, focusing on key areas that will unlock investment attraction in the coming time. These are Resolution 57-NQ/TW, dated December 22, 2024, on breakthroughs in science, technology, innovation and national digital transformation; Resolution 59-NQ/TW, dated January 24, 2025, on proactive and extensive international integration; Resolution 66-NQ/TW, dated April 30, 2025, on comprehensive innovation in law-making and enforcement; and Resolution 68-NQ/TW, dated May 4, 2025, on private economic development. Each resolution focuses on addressing a key area, aiming to streamline and make procedures transparent, create the most favorable conditions for investors and enhance the competitiveness of domestic enterprises.

Identifying foreign direct investment attraction as the backbone of current key industries, the business model of this area still relies mainly on exploiting cheap, low-skilled labor. Therefore, to exploit the advantage of increasing the value of investment capital in the area, Bac Ninh province has shifted its promotion method from attracting at all costs to a proactive, leading approach.

At the same time, strengthen the capacity of domestic enterprises and build a real supporting industry; build a connection platform between FDI enterprises and domestic suppliers to solve the problem of lack of information, increase the localization rate; develop human resources, especially high-quality human resources to meet the recruitment requirements of investors; promote administrative reform, especially in the fields of construction and investment, promote the sense of responsibility to serve businesses and people; promote green transformation of industrial parks, digital transformation associated with the effective implementation of Project No. 06 DA/CP of the Government on "Developing applications of population data, identification and electronic authentication to serve national digital transformation in the period 2022-2025, vision to 2030".

Thai Uyen

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