With public investment not meeting expectations and growth in the agricultural sector affected by a more than 50% drop in lychee output, fully leveraging the industrial sector to drive growth has become a central solution.

A production line of Microsoft Mobile Vietnam Co., Ltd.

Thanks to effective governance and the timely adaptability of enterprises, industrial production continued to maintain a strong growth momentum.

The total industrial production value in the first four months reached over 1 quadrillion VND (37.93 billion USD), up 14.6% compared to the same period last year.

Specifically, the foreign-invested economic sector reached 940.72 trillion VND, up 14.9%; the state-owned sector 4.61 trillion VND, up 14%; and the non-state sector 60.36 trillion VND, up 10%.

The production line of Nam Vuong Technology Development and Investment Joint Stock Company in Dinh Bang ward.

Notable examples include Fuhong Precision Component Co., Ltd. (Bac Giang) in Dinh Tram Industrial Park, whose April production increased 1.68 times compared to the same period last year; and Microsoft Mobile Vietnam Co., Ltd., which increased 1.35 times.

Some products saw particularly strong growth, such as printed circuit boards, estimated at over 80 million units, up 1.21 times, and peripheral devices, 71.73 million units, up 1.75 times.

With the presence of global corporations such as Samsung, Foxconn, and Amkor, the electrical and electronics industry has become the “backbone” of Bac Ninh’s double-digit growth strategy.

Ngo Van Tue, deputy head of the Bac Ninh Statistics Department, analysed that in Q1, the province’s GRDP reached 9.82%, ranking fifth nationwide.

The industrial-construction sector grew an estimated 11.59%, contributing 81.9% to the total added value growth of the local economy.

Based on existing potential, achieving the government-assigned GRDP growth target of 12.5% is highly feasible due to solid foundations.

In the first months of the year, Bac Ninh attracted over 6.1 billion USD in investment, including 121 new FDI projects, such as AEON Mall, Seojin, Soosan, and Cooler Master.

Notably, within the framework of the Vietnam – RoK Economic Forum, the province granted investment approval decisions and registration certificates to Korean enterprises with a total capital of over 470.36 million USD. Some projects received certificates directly during provincial leaders’ overseas investment promotion trips.

Among 27 large enterprises that have maintained stable production and expanded operations, including Samsung Electronics, Samsung Display, Fukang, Luxshare-ICT, Microsoft Mobile Vietnam, Goertek Vina, Canon, Amkor, and Ja Solar, growth is expected to continue at approximately 20–25%.

Bac Ninh currently has more than 51,000 active enterprises with total registered capital of around 820 trillion VND, over 90% of which are domestic enterprises.

This serves as an important foundation for increasing localisation, deeper integration into global value chains, and reducing economic dependence on a few large production sectors.

According to Pham Van Thinh, Vice Chairman of the provincial People’s Committee, the province has clearly defined a strategy for selective FDI attraction and improving investment quality.

This lays the groundwork for building an ecosystem linking FDI enterprises with domestic enterprises, enhancing localisation, increasing value, and ensuring sustainable growth.

Samsung Vietnam provides vocational skills training for workers.

At the same time, Bac Ninh has focused on developing the industrial sector, supporting enterprises and investors to expand production, and putting approved projects into operation within 2026.

This approach aims to make the province not only a base for international corporations but also a home for Vietnamese technology enterprises capable of competing in global value chains.

Simultaneously, the province has prioritised the development of foundational industries such as high-tech electronics, precision mechanics, new materials, and particularly semiconductors, leveraging the leadership role of major FDI corporations.

It has also supported enterprises in accessing, expanding, and promoting exports of key products, focusing on strategic and potential markets. It also provides favourable conditions for businesses by accelerating customs clearance and reducing logistics costs.

Investment in Bac Ninh industrial parks surpasses 1.5 billion USD

BAC NINH - Investment inflows into industrial parks in Bac Ninh province continued to rise in April, reflecting an improving business environment and growing investor confidence, according to the provincial Industrial Parks Management Board.  

Bac Ninh – An attractive and reliable destination

BAC NINH - With 3,545 valid foreign direct investment (FDI) projects and total registered capital of nearly 49.5 billion USD, mainly in high-tech, semiconductors, and smart manufacturing, Bac Ninh has convincingly demonstrated the success of its FDI attraction strategy. The province continues to write its success story in the global value chain.

Bac Ninh secures three South Korean investment projects worth over 470 million USD

BAC NINH - Bac Ninh province has attracted three new investment projects from South Korea with total registered capital exceeding 470.36 million USD, officials said at the Vietnam–South Korea Economic Forum held in Hanoi on April 23. 

Bac Ninh grants investment licenses to two Japanese projects

BAC NINH – The Northern province of Bac Ninh granted investment registration certificates to two Japanese-funded projects on April 28 as part of a Vietnam-Japan friendship and investment promotion programme held in Japan’s Mie prefecture.