Development potential of Bac Ninh province
Bac Ninh province continues to affirm itself as one of the dynamically developing localities of the Capital Region and the Northern Key Economic Zone, actively contributing to the cause of industrialization and modernization of the country. The economic scale continues to be among the leading provinces and cities in the country, affirming itself as one of the dynamically developing localities of the Capital Region and the Northern Key Economic Zone. The province’s Gross Regional Domestic Product (GRDP) in 2024 reached VND 232.8 trillion (at current prices), an increase of 6.03% compared to 2023; the average increase in the period 2021-2025 increased by 3.42% -3.8% per year; the economic scale in 2025 reached VND 245-250 trillion, accounting for nearly 2.2% of the country's GDP; GRDP per capita was estimated at 6,653-6,778 USD, 1.3 times higher than the national average; Average labor productivity increased by 2.86% per year. In 2024, the industrial and construction sector accounted for 70.3%; the service sector accounted for 22.34%; the agricultural, forestry and fishery sector accounted for 3.02%; product taxes minus product subsidies accounted for 4.34%.
Regarding foreign investment attraction: In the first 4 months of 2025, the province issued investment registration to 87 projects with a total adjusted investment capital of USD 2 billion. Up to now, Bac Ninh province has granted investment registration to 2,475 valid FDI projects with a total registered investment capital after adjustment and contributed capital of USD 31,041.56 million (ranked 7th in the country in terms of capital attraction scale) from 42 countries and territories. Bac Ninh continues to be the destination chosen by large corporations in the electronics and semiconductor industry (Samsung, Amkor, Foxconn, Canon, Goertek...);
Regarding domestic investment attraction: In the first 4 months of 2025, the province granted new investment registration certificates to 51 investment projects with a total adjusted registered investment capital of VND 150,460.9 billion. Up to now, Bac Ninh province has granted 1,656 valid investment registration certificates to investors with a total adjusted investment capital of VND 429,044.085 billion.
Regarding the development of industrial parks and industrial clusters: In the province, there are 16 concentrated industrial parks approved by the Prime Minister for development planning with a total area of 6,397.68 ha; 12/16 industrial parks have been put into operation; 15 industrial parks have been established with an area of 5,946.99 ha; the established industrial parks have an industrial land area of about 2,524.02 ha for lease. The occupancy rate on the industrial land area for lease according to the planning is 61.1%. The number of employees working in industrial parks is 294,127.
In addition, the province also has 39 industrial clusters in the planning with an area of 1,175.12 hectares, 37 industrial clusters have been established with an area of 1,110.12 hectares, of which: 35 industrial clusters have had their detailed planning approved with a total area of 1,050.12 hectares; 26 industrial clusters have been put into operation with an area of 769.66 hectares. The total number of investment projects in the industrial clusters is 870 projects with a total registered capital of VND 3,953 billion. The industrial parks have created jobs for 12,128 people.
Development potential of Bac Giang province
In recent years, Bac Giang province has had fundamental changes in all aspects of socio-economic development, focusing on economic development. Currently, the province has 16 industrial parks and 55 industrial clusters, with a total area of 6,013 hectares, creating jobs for 342,000 workers, of which about 90,000 are from outside the province.
The average GRDP growth rate in the 2022-2024 period reached 16% per year, with the Northern midland and mountainous region consistently ranking first among provinces with the highest growth rates in the country. In specifically, in 2022, it reached 19.3%, ranking 2nd; in 2023, it reached 14.99%, ranking 1st and in 2024 it reached 13.9%, ranking 1st in the country. The scale of GRDP in 2024 (current price) reached 207 trillion, 1.6 times higher than in 2021, ranking 12th in the country; GRDP per capita in 2024 was USD 4,370. Investment attraction in 3 years 2022, 2023, 2024 reached over 7.04 USD billion, Bac Giang FDI capital is always in the top 10 of the country, of which in 2023 it ranked 3rd out of 63 provinces and cities.
The economic structure has shifted strongly towards increasing the proportion of industry; of which industry and construction accounts for 67.5% (industry accounts for 61.9%, construction accounts for 5.6%); services (including product taxes) account for 20.7%; agriculture, forestry and fishery accounts for 11.8%. The labor structure continues to shift strongly from agriculture, forestry and fishery to industry - construction and services. In 2024, the proportion of labor in the construction industry accounted for 50.6%, the service industry accounted for 25.1% and the agriculture, forestry and fishery industry accounted for 24.3%.
The Index of Industrial Production (IIP) in 2022, 2023 and 2024 increased by 31.5%, 20.36% and 30.0%, respectively. The value of industrial production (current price) in 2024 reached VND 684,397 billion, exceeding the plan by 3.0%. The FDI enterprise sector is still the main contributor to the province's industrial development; IIP in this sector reached more than VND 600,231 billion, up 29.9% compared to 2023, accounting for 88% of the non-state enterprise sector reached VND 73,083 billion, accounting for 10%; the state enterprise sector reached VND 11,082 billion, up 0.7%, accounting for approximately 2%.
