Northern Vietnam province Bac Ninh receives additional investment of nearly $1.1 bln

The northern Vietnam province of Bac Ninh on Monday granted investment registration licences to 23 enterprises and gave the green light to another to expand its project, with a total capital of $1.1 billion.

Specifically, investment licences were handed over to 14 domestic enterprises with a combined investment of VND8.1 trillion ($324.6 million), six foreign companies with $320.5 million, and three companies that increased their investment by $135.8 million.

Chairman of the provincial People’s Committee Vuong Quoc Tuan thanked the investors and enterprises for their selection of Bac Ninh for their continued and new investments.

He affirmed Bac Ninh's commitment to providing the best conditions for them to operate in the province.

Tuan praised the investment projects, including a high-tech one worth $100 million. This also marked a significant milestone as the newly registered capital of domestic enterprises nearly reaches that of FDI companies, showcasing the strength of local businesses and their transition toward sustainable and digital models.

Bac Ninh, with 16 concentrated industrial parks (IP) covering 6,400 ha and five others included in the provincial master plan for 2021-2050, has established itself as an industrial hub in northern Vietnam, attracting multinational corporations in electronics and semiconductors.

On this occasion, Bac Ninh honored five enterprises for their effective capital disbursement, totaling nearly $1.2 billion.

Bac Ninh remains a leader in industrial development, consistently ranking among the top localities in FDI attraction. In 2024, it lured over $5.1 billion, securing the top position nationwide.

In the first quarter of 2025, Bac Ninh's industrial parks attracted nearly $2 billion in new and adjusted investment, including approximately $1.6 billion in FDI.