According to the provincial Statistics Office, Bac Ninh’s economy grew 10.47% in the first half of 2025, ranking fifth nationwide. While lower than its 11.52% baseline scenario, the province maintained strong momentum thanks to solid industrial and construction output.

Seojin Vietnam Co., Ltd in Song Khe – Noi Hoang Industrial Park is accelerating factory construction and expanding its operations.

Growth in Q2 was estimated at 9.75%, supported mainly by a 11.98% increase in the industrial and construction sector, which contributed 8.67 percentage points to the overall expansion.

The services sector grew 8.11%, while tax revenue from products rose 8.71%, reflecting ongoing recovery in business activities.

However, the agricultural sector saw limited growth of 1.47%, contributing just 0.1 percentage point to the province’s total growth.

Shrinking farmland, low productivity gains, long production cycles and volatile market prices, such as a drop in lychee prices despite a bumper harvest, have made agricultural development increasingly challenging. Labor migration from farming to industrial and service sectors also hindered growth in agriculture.

Industry remains the province’s main economic engine, accounting for over 70% of gross value added. Key export manufacturers, particularly those supplying to the U.S. market, ramped up output to meet delivery deadlines, boosting Bac Ninh’s industrial production index.

Foreign-invested companies such as Luxshare, Foxconn, Fukang, Canon Vietnam and Samsung Electronics Vietnam remain critical to Bac Ninh’s industrial performance. Their main products include electronic components, smartwatches, integrated circuits, laptops and smartphones.

At a recent national online conference on 2025 growth targets, Prime Minister Pham Minh Chinh stressed that achieving national GDP growth of 8.3–8.5% would be difficult but necessary.

He called on provinces to tailor growth scenarios based on local conditions and align them with the accountability of leadership.

In response, Bac Ninh—fresh from its recent administrative merger—pledged to exceed expectations with a 2025 growth goal of 11.5%.

Local authorities believe a number of factors could positively influence growth in the second half, including improved rice and crop yields that help stabilize food supply and stimulate agricultural production.

To mitigate risks and sustain momentum, the province is fast-tracking major projects and supporting business operations. The industrial and construction sector remains central to Bac Ninh’s strategy. Authorities are urging key projects to accelerate progress and start operations sooner.

One major investor, China’s Sunwoda Group, is expanding its global footprint with increased investments in Vietnam, Europe and India. In Bac Ninh, the company is building a 58 million USD factory in the Yen Lu industrial park as part of its plan to scale total investment in the province to 270 million USD.

Once operational, the factory will be Vietnam’s first to produce 3C lithium-ion batteries, a strategic milestone in high-tech manufacturing.

Other foreign firms are also expanding in industrial zones such as Yen Phong II-C, Dai Dong–Hoan Son and VSIP, strengthening Bac Ninh’s position as a key manufacturing hub in northern Vietnam.

Production line at LS Electric Vietnam Co., Ltd. (Yen Phong Industrial Park).

To spur growth further, the provincial People’s Committee has instructed departments and districts to accelerate public investment disbursement, particularly for major infrastructure projects.

Top priority is given to the Gia Binh International Airport, which is seen as a century-defining development. The province is monitoring its progress closely and working to resolve implementation bottlenecks.

Efforts are also being made to create a more business-friendly environment. Authorities are simplifying administrative procedures, shortening review times, preparing land for development, and supporting site clearance and access to financing. These steps are aimed at facilitating smooth project execution and attracting high-quality investment.

In light of global trade uncertainties, Bac Ninh is also watching closely for changes in U.S. export tax policy. The province plans to update local exporters, especially those heavily reliant on the U.S. market, to help them adapt quickly and explore alternative markets. This approach is intended to diversify export destinations, maintain stable production, and strengthen competitiveness amid global volatility.

Bac Ninh accelerates Gia Binh international airport project to boost regional growth

BAC NINH – Bac Ninh province is stepping up efforts to accelerate the construction of Gia Binh International Airport and its connecting infrastructure, aiming to transform the northern province into a modern aviation and economic hub.

Lao Cai – Hanoi – Hai Phong railway to be commenced in this December, passing Bac Ninh

BAC NINH – On July 21, a delegation from the Ministry of Construction led by Minister Tran Hong Minh, who is also Deputy Head of the National Railway Project Steering Committee, inspected the Lao Cai – Hanoi – Hai Phong railway project at Kim Son station in Yen My village, Thuan An commune of Hanoi.

Bac Ninh leader meets General Director of Samsung Vietnam

BAC NINH – On July 21, Vuong Quoc Tuan, alternate member of the Party Central Committee, Deputy Secretary of the Bac Ninh Provincial Party Committee and Chairman of the provincial People’s Committee (PPC) met Na Ki Hong, General Director of Samsung Vietnam, to discuss the company’s operations.

Bac Ninh accelerates customs digital transformation to ease business procedures

Bac Ninh – Digital transformation is becoming a key driver for Bac Ninh province to enhance state management and attract foreign investment. In customs, pushing digitalisation lays the foundation for developing digital customs and moving towards smart customs. Recognising this, Customs Sub-department Region 5 is implementing multiple solutions to facilitate businesses while meeting operational demands in the new context.

Bac Ninh accelerates public investment disbursement to boost 2025 growth

BAC NINH - In 2025, Bac Ninh province has been allocated a total public investment capital plan of over 21.1 trillion VND (about 925.4 million USD), comprising development investment capital and non-business capital. 

Bac Ninh sees strongest credit growth in five years, fuelling production and business expansion

BAC NINH - Bac Ninh province has recorded highest credit growth in five years since the start of 2025, marking a positive shift in both scale and quality. This reflects the proactive and decisive disbursement efforts by the banking sector and the resilience of businesses and residents, creating momentum for local socio-economic development.