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U.S. firm QXQ Inc explores investment opportunities in Bac Ninh

Updated: 13:53, 29/10/2025

BAC NINH – Vu Thi Phuong Thao, Deputy Director of the Bac Ninh Department of Finance, on October 28 met with Quan Roger Chi, Chairman of U.S.-based QXQ Inc, to discuss potential investment opportunities in the northern province of Bac Ninh. Representatives from several local departments also attended the meeting.

Phuong Thao welcomed Quan Roger Chi and introduced Bac Ninh’s geographical advantages and infrastructure.

Vu Thi Phuong Thao discusses cooperation with Quan Roger Chi.

Located adjacent to the capital Hanoi, Bac Ninh has a well-connected transport network linking easily to airports, seaports and China – about 40 km from Noi Bai International Airport, 90 km from Hai Phong Port and 100 km from the Huu Nghi Border Gate.

The province is building Gia Binh International Airport, expected to open by late 2026 with a cargo capacity of up to 2.5 million tonnes a year, which will serve as a vital gateway for high-tech and logistics industries.

Bac Ninh has planned 52 industrial zones covering more than 15,000 hectares, of which 35 have received investment approval. About 4,087 hectares of industrial and service land have been leased, with an occupancy rate of around 55%.

Thanks to its improving infrastructure and business climate, the province has attracted global corporations such as Foxconn, Samsung, Hana Micron and Amkor. Foreign direct investment has contributed to Bac Ninh’s strong economic performance, ranking sixth among 34 provinces and cities nationwide in the first nine months of 2025, and second in export value.

Delegates pose for a group photo after the meeting.

Thao said Bac Ninh will continue to attract new projects under the principle of “one no, two less, three highs” — no pollution, less land use and labor, high technology, high capital efficiency and high economic returns — along with “four readiness” criteria: ready land, ready workforce, ready administrative reforms and ready investor support.

Quan Roger Chi, founder of QXQ Inc, said he was impressed by Bac Ninh’s post-merger development potential. QXQ Inc designs and manufactures testing tools for electronics, consumer products, automotive, aerospace and R&D industries, with major clients including Tesla and Apple, and a customer base spanning China and Malaysia.

He expressed hope that provincial authorities would facilitate procedures for QXQ Inc to establish an office and factory in Bac Ninh, opening prospects for long-term cooperation and mutual growth.

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