Bắc Ninh
Bac Ninh pursues selective investment attraction to boost value
BAC NINH - Despite economic headwinds, Bac Ninh province remains a bright spot in attracting foreign direct investment (FDI). Leveraging its position as an industrial manufacturing hub, the province has proactively seized opportunities, accelerating infrastructure development in industrial parks and clusters as well as digital infrastructure, to remain an appealing destination for investors.
Holding steady at the top
Bac Ninh currently has 33 established industrial parks covering 6,401 hectares and 93 industrial clusters spanning 3,497 hectares. Its synchronised technical infrastructure facilitates the movement of goods and labour, supporting production and business activities.
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Samsung Group is building a manufacturing hub in Yen Phong I Industrial Park. |
To optimise these advantages, the province has been actively studying and implementing flexible, effective investment attraction policies, focusing on sectoral and regional incentives, particularly in industrial zones and high-tech parks. Priority is given to high-tech industries, manufacturing and processing, high-quality services, research and innovation.
Bac Ninh follows a selective approach, favouring high-tech, environmentally friendly projects that commit to technology transfer and linkages with domestic enterprises. Sectors encouraged include electronic components, semiconductors, supporting industries, renewable energy and logistics.
The province also calls on leading global corporations and technology-focused investment funds to channel capital into concentrated industrial parks, urban areas and commercial centres.
This strategy has allowed Bac Ninh to capitalise on supply chain shifts away from certain countries, attracting investment from major players such as Samsung, Foxconn, Apple, Goertek, Amkor and Victory Giant Technology in software, semiconductor and other advanced industries.
From the start of the year, Bac Ninh has secured over 15.3 billion USD in total registered investment. Domestically, authorities have licensed 202 new projects with a total registered capital of 274.49 trillion VND and approved capital increases for 223 projects worth an additional 10.81 trillion VND.
In FDI, the province licensed 258 new projects worth nearly 1.3 billion USD and approved capital increases for 197 projects adding nearly 2.8 billion USD.
At an upcoming investment promotion conference, Bac Ninh plans to grant seven new investment policy decisions and 12 investor selection decisions for projects outside industrial parks; seven new FDI investment certificates; seven new domestic investment certificates; and nine FDI capital increase certificates for investors inside industrial zones, with a combined value of about 6.88 billion USD.
Guiding investment flows
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AAC Technologies Vietnam Co., Ltd., located in Que Vo Industrial Park, specializes in producing electronic components. |
Experts note Bac Ninh’s investment environment has been steadily improving, with increasingly attractive incentives, abundant labour and supply chain advantages that help retain and draw high-quality FDI.
Under Government Decree No. 19/2025/ND-CP, strategic projects will face simplified licensing procedures in line with the amended Investment Law, including the removal of pre-licensing requirements for fire safety, environmental and construction assessments for certain projects. This is expected to further stimulate FDI inflows.
In addition, four key Politburo resolutions issued recently are set to unlock new investment opportunities. These are: Resolution 57-NQ/TW (December 22, 2024) on breakthroughs in national science, technology, innovation and digital transformation; Resolution 59-NQ/TW (January 24, 2025) on proactive, deep international integration; Resolution 66-NQ/TW (April 30, 2025) on comprehensive reform of law-making and enforcement and Resolution 68-NQ/TW (May 4, 2025) on private sector development.
Each targets a critical area to streamline and clarify procedures, create optimal conditions for investors, and enhance domestic firms’ competitiveness.
While FDI is considered the backbone of Bac Ninh’s key industries, the business model in this sector still largely relies on low-cost, low-skilled labour. To enhance the value of inbound investment, the province is shifting from an approach of attracting capital at any cost to one that is proactive and guiding.
This includes strengthening the capacity of domestic enterprises, developing a substantive supporting industry, and building a platform for linking FDI firms with local suppliers to address information gaps and raise localisation rates. Bac Ninh is also investing in workforce development, particularly in high-quality human resources to meet investor needs.
Administrative reforms are being accelerated, especially in construction and investment licensing, with a focus on accountability in serving businesses and residents.
The province is promoting green transformation in industrial parks and digital transformation linked to the effective implementation of the Government’s Project 06/DA-CP on developing applications for population data, identification and electronic authentication to support national digital transformation in 2022–2025, with a vision to 2030.
Samsung is building a production hub in Yen Phong I Industrial Park, while AAC Technologies Vietnam, located in Que Vo Industrial Park, specialises in manufacturing electronic components. These projects reflect the province’s appeal to global technology manufacturers.
From January to date, Bac Ninh’s investment results reaffirm its position among the country’s top destinations for both domestic and foreign capital.
By combining selective attraction policies, improved infrastructure, regulatory reforms and a focus on high-value industries, the province is positioning itself not only as a manufacturing base but also as a centre for innovation and sustainable growth in Vietnam’s northern key economic region.
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