 |
| Bac Ninh - already the "capital" of FDI in the Northern region, after being merged with Bac Giang , has doubled its strength. |
Bac Ninh won the championship, marking a "strategic move"
Although the news that Goertek Vina decided to terminate the operation of the Audio and Multimedia Products Manufacturing Factory Project in Bac Ninh still surprised many people, up to this point, Goertek is still a major investor in this province.
Starting to invest in Vietnam since 2013, by 2025, Goertek has 4 factories in Bac Ninh, with a capital scale of more than 1.3 billion USD. Recently, Goertek has increased its capital by 130 million USD, bringing the total investment capital of the project in Nam Son - Hap Linh Industrial Park to 540 million USD.
Mr. Jiang Bin, Chairman of Goertek Group, recently visited Vietnam and met with leaders of Bac Ninh province. According to Mr. Jiang Bin, the Group will continue to expand its factories in Vietnam, including Bac Ninh province.
In addition to Goertek’s projects, last month, Bac Ninh also granted an investment certificate to Luxshare-ICT’s Smartphone Manufacturing Project, with an investment capital of 300 million USD. Meanwhile, Foxconn has continued to expand its investment in the province.
At the 2025 Investment Promotion Conference, held in mid-August 2025, the People's Committee of Bac Ninh province awarded investment registration certificates and investment policies to a series of FDI projects, with a scale of up to more than 1 billion USD.
This is one of the reasons why Bac Ninh has surpassed Ho Chi Minh City, rising to the top spot in attracting FDI in the first 8 months of 2025. Bac Ninh - which has been the "capital" of FDI in the Northern region, with a series of large-scale projects by Samsung, Canon, Goertek, after being merged with the new destination of global investment flows, Bac Giang, with "huge" investments by Foxconn, HanaMicron, Luxshare..., has doubled its strength.
By the end of August 2025, Bac Ninh had attracted 4.68 billion USD, with investment projects focusing on the processing and manufacturing industry, "usurping" the throne of Ho Chi Minh City. For 7 months, Ho Chi Minh City was still in the lead, but after 8 months, the ranking changed. The country's economic locomotive only attracted 4.399 billion USD, although it also benefited from the strength of Vietnam's 3 "magnets" attracting FDI: Ho Chi Minh City, Binh Duong and Ba Ria - Vung Tau .
“The merger between the two localities of Bac Ninh and Bac Giang is seen as a strategic step to form a closed electronics production chain, from component processing to assembly and export of finished products,” the Foreign Investment Agency (Ministry of Finance) emphasized when commenting on the FDI attraction situation of Vietnam in general and localities in the country in particular.
"Comparing" the FDI attraction capacity of the "locomotives"
After the merger, the ranking of the "capitals" attracting FDI has changed. According to data from the Foreign Investment Agency, in 8 months, in addition to Bac Ninh in the lead, Ho Chi Minh City in second place, the Top 10 also includes Hanoi (with 3.8 billion USD), Dong Nai (2.654 billion USD), Hai Phong (1.7 billion USD), Tay Ninh (1.56 billion USD), Ninh Binh (1.533 billion USD), Hung Yen (nearly 1.4 billion USD), Gia Lai (1.097 billion USD) and Thanh Hoa (nearly 520 million USD).
The competition for ranking in FDI attraction among localities is likely to be quite fierce in the group of localities attracting over 40 billion USD, including Bac Ninh, Hanoi, Hai Phong, and Dong Nai. 
In the Top 10, Gia Lai is a special name. For 6 months, this province had no FDI capital. But after 8 months, when it merged with Binh Dinh, FDI capital accelerated, this locality jumped to 9th place among the localities attracting the most FDI. In fact, this capital amount was equal to 7,206% compared to the same period last year.
However, cumulatively, Ho Chi Minh City is the largest FDI "capital", with 140.8 billion USD. This position is almost certainly difficult for any locality to keep up with. Because Bac Ninh - the second locality - accumulated to the end of August 2025 only attracted more than 47.6 billion USD, only equal to 1/3 of the total FDI resources that Ho Chi Minh City attracted in the past nearly 40 years.
Meanwhile, in the Top 10, Hanoi ranked 3rd, with 45.623 billion USD. Next is Hai Phong with 45.014 billion USD; Dong Nai (44.485 billion USD); Tay Ninh (25.4 billion USD); Quang Ninh (nearly 16.47 billion USD)...
Thus, the competition for FDI attraction rankings among localities is likely to be quite fierce in the group of localities that are attracting over 40 billion USD, including Bac Ninh, Hanoi, Hai Phong, Dong Nai. These are all FDI "capitals" and industrial "capitals" of the whole country in recent times.
However, among these localities, Bac Ninh has many advantages. The province is also making efforts to continue to attract more large-scale FDI projects, especially in the fields of semiconductors, high technology, etc. According to Mr. Vuong Quoc Tuan, Chairman of the People's Committee of Bac Ninh province, the province will continue to improve the investment environment, strengthen administrative reforms, focus on removing difficulties, and support investors to be able to attract more FDI capital flowing into Vietnam.
With a large land fund, plus the Gia Binh Airport being implemented, Bac Ninh is "opening the door" to attract investment capital both domestically and internationally. Meanwhile, Hai Phong and Quang Ninh are also making efforts to attract investment. Even Tay Ninh, a locality that is rapidly increasing its ranking in attracting FDI after merging with Long An, is also determined to promote FDI attraction.
At this time, localities across the country have been preparing to organize the Provincial Party Congress for the 2025-2030 term, with the determination to accelerate and develop the economy. Attracting investment, including FDI, is one of the prerequisites to achieve this goal.
Source: https://baodautu.vn/do-nang-luc-thu-hut-fdi-cua-cac-dau-tau-d395205.html
Comment (0)