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Bac Ninh’s efforts to transfer investment efficiency into growth driver

Updated: 09:17, 12/11/2026

BAC NINH - The continued expansion of investment capital, sustained FDI attraction among the country’s leading localities, positive results in public investment disbursement and strong growth in import and export activities are important divers for economic development of Bac Ninh city.

The advantages in geo-economic position, industrial infrastructure, investment climate and electronic manufacturing ecosystem have enabled Bac Ninh to become an appealing destination for many multinational corporations and a national big-scale industrial hub.

The FPT’s semiconductor chip testing and packaging plant in Yen Phong II-C industrial park.

Its investment flow has contributed to improving industrial production capacity, trade volumes and Bac Ninh’s position in global supply chains.

The total investment capital in Bac Ninh recorded 100 billion USD including 54.46 billion USD of foreign direct investment (FDI) capital.

The investment appeal continues its growth momentum in 2026 with the total registered capital of some 19.7 billion USD in 10 months. Particularly, FDI reached more than 4.4 billion USD, placing Bac Ninh 3rd position nationwide in FDI attraction.

The total domestic investment capital in 10 months achieved over 390.3 trillion VND (15.21 billion USD). The investment attraction efficiency is reflected not only in the scale of registered capital but also in the expansion of production capacity and export activities.

Particularly, the city’s import and export turnover in the first 10 months of 2026 reached 204.7 billion USD, an increase of 38 percent compared to the same period, accounting to more than 20 percent of the country's total import-export turnover. With 101.3 billion USD of export value, Bac Ninh secured its leading position nationwide.

Public investment is creating additional critical resources for infrastructure completion and expansion of the city’s development space.

Effective management of site clearance processes and streamlined administrative procedures have helped reduce delays in capital disbursement, thereby optimizing the efficiency of the investment cycle.

“Bac Ninh has adopted a flexible capital reallocation mechanism, particularly we reduce fund for projects behind schedule and redirect resources to key sectors and major regional connectivity projects, including the road linking Gia Binh airport with Hanoi, Ring Road No 4 and modern industrial park infrastructure. Public investment has effectively contributed to fostering the city's double-digit economic growth. As a result, the city's GRDP grew by 11.81 percent in the first 9 months of 2026, ranking 4th among the country's 34 provinces and cities”, said Nguyen Dinh Hieu, Director of the Department of Finance.

The volume of newly mobilized investment capital reflects only one aspect of investment performance.

More importantly, the key questions are how much added value that capital generates, how much it contributes to state budget revenues, how it improves labour productivity and whether it helps domestic enterprises build new production capacity.

According to economic experts, Bac Ninh has a big advantage with the shift of investment flows into high-tech production chains.

When FDI projects are run, industrial output increases significantly, helping to lower the ICOR (Incremental Capital-Output Ratio) compared with other cities whose economies depend on services or real estate. A lower ICOR indicates greater efficiency in capital utilization.

The city’s total public investment target in 2026 is 25.18 trillion VND (987.5 million USD).

The disbursement value reached 16.77 trillion VND (657.7 million USD) by the end of October, 4.64 percent surpassing the target assigned by the Prime Minister, ranking 2nd among 34 provinces and cities in public investment disbursement.

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