In 2024, Bac Ninh province recorded 361 new foreign direct investment (FDI) projects with a total capital of US$5.12 billion, according to data from Vietnam’s Ministry of Planning and Investment. This is a notable 183.78 percent increase over 2023 in which the province recorded US$1.8 billion in newly registered capital.
Of note, foreign direct investment in Bac Ninh Province has transformed it into one of Vietnam’s leading industrial and economic hubs. Located near Hanoi in the northern key economic region, Bac Ninh attracts significant investments in manufacturing, electronics, and high-tech industries. Global corporations, particularly from South Korea, Japan, and Taiwan, have established major operations in the province. Notably, Samsung has invested heavily in Bac Ninh, making it a central location for the company’s smartphone and electronics production.
Bac Ninh is home to several well-developed industrial zones, including Yen Phong, VSIP Bac Ninh, and Que Vo, which provide modern infrastructure and favourable investment conditions. The province’s proximity to major transportation networks, skilled labour force, and business-friendly policies have made it a preferred destination for export-oriented industries. With a growing focus on sustainable development and digital transformation, Bac Ninh continues to attract FDI in high-value sectors, reinforcing its role as a key player in Vietnam’s industrialisation and global supply chains.
See also: Doing Business in Bac Ninh, Vietnam