Bắc Ninh
Bac Ninh leaders hold investment talks with foreign groups
BAC NINH – Local authorities in the northern province of Bac Ninh has held separate meetings with foreign corporations seeking investment opportunities in retail, pharmaceuticals and high-tech industries, as the province steps up efforts to attract large-scale international projects.
At a meeting chaired by the provincial Party Secretary Nguyen Hong Thai, executives from Central Retail Vietnam outlined plans to expand the group’s retail network in the province.
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Party Secretary Nguyen Hong Thai presents a commemorative gift to representatives of Central Retail Vietnam. |
Central Retail Vietnam, the country’s largest foreign-invested multi-sector retailer, currently operates more than 330 stores and 43 GO! hypermarkets nationwide.
The company was ranked Vietnam’s most reputable retailer for five consecutive years from 2021 to 2025 by Vietnam Report.
Olivier Langlet, a representative of the group, said Central Retail is studying eight locations in Bac Ninh to develop two GO! hypermarkets and six GO! mini supermarkets, with total planned investment estimated at around 1.5 trillion VND (57 million USD).
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A representative of Vietnam Pharmaceutical Corporation discusses investment policies with leader of Bac Ninh Province. |
The retailer is also considering a specific project in Viet Yen Ward covering more than 9,600 square meters, with operations expected to begin in 2028.
The provincial Party Chief Nguyen Hong Thai welcomed the group’s interest, saying Bac Ninh possesses favorable conditions to become a modern commercial and service hub in northern Vietnam.
He said the company’s investment orientation aligns with the province’s development strategy in trade and services.
The provincial leader instructed local agencies to coordinate closely with the investor in reviewing land availability, infrastructure planning and proposed project sites to ensure compliance with provincial planning regulations.
He also reaffirmed the province’s commitment to providing favorable conditions for long-term investors operating within Vietnam’s legal framework.
Later the same day, Chairman of the provincial People’s Committee Pham Hoang Son met with India’s Hetero Labs, led by B. Murali Krishna Reddy, Director for Emerging Markets, to discuss potential investment in a high-tech pharmaceutical and biotechnology manufacturing complex meeting European standards.
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Delegates pose for a group photo during a courtesy meeting between leaders of the Bac Ninh People’s Committee and a delegation from the Trade Industry Committee under the China Council for the Promotion of International Trade. |
He highlighted Bac Ninh’s advantages in transport infrastructure, skilled labor and industrial park development, adding that the province prioritizes investment projects in high technology, environmentally friendly industries and sectors with high added value, particularly healthcare, pharmaceuticals and biotechnology.
Reddy said Hetero Labs, one of the world’s major manufacturers of pharmaceutical ingredients and anti-retroviral (ARV) medicines, hoped to receive continued support from provincial authorities to develop operations in Bac Ninh.
Earlier, Vice Chairman of the provincial People’s Committee Pham Van Thinh also received a delegation from the Trade Industry Committee under the China Council for the Promotion of International Trade, which visited the province to explore business and investment cooperation opportunities.
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