In 2024, Bac Giang province saw 71 new foreign direct investment (FDI) projects with a total capital of US$1.23 billion, according to data from Vietnam’s Ministry of Planning and Investment. This represents a significant fall over 2023, when the province registered US$3.05 billion in newly registered capital.
Of note, foreign direct investment in Bac Giang Province has surged in recent years, positioning it as one of Vietnam’s leading destinations for industrial development. Located in the northern economic region, near Hanoi, Bac Giang benefits from its strategic location, improved infrastructure, and business-friendly environment. The province has attracted significant FDI in key sectors such as electronics, manufacturing, textiles, and renewable energy. Notably, global companies like Foxconn and Luxshare have established major operations in Bac Giang, supporting the province’s rise as a hub for high-tech and export-oriented production.
Bac Giang’s industrial parks, including Van Trung, Quang Chau, and Song Khe-Noi Hoang, have played a critical role in attracting foreign investors by offering modern facilities and streamlined administrative procedures. The provincial government has also prioritised sustainable development and workforce training to meet the demands of high-tech industries. With continued investment in infrastructure and efforts to enhance the investment climate, Bac Giang is expected to maintain its strong FDI inflows, contributing significantly to Vietnam’s industrialisation and export growth.
See also: Doing Business in Bac Giang, Vietnam