Bac Ninh is ready to improve the quality of investment attraction

With an open investment environment, modern infrastructure, a large local and immigration labor force, Bac Ninh has been affirming its position as an attractive destination for investors. The wave of investment from major countries in Asia such as Japan, Korea, China in the software and semiconductor industries has further affirmed the qualitative changes in attracting FDI capital to Bac Ninh. In particular, Bac Ninh is the first locality in the country to issue a policy to support the training of high-quality human resources and the semiconductor industry to serve the digital technology industry, affirming the province's determination to become a reliable partner, an important link in the global semiconductor manufacturing supply chain. "Good wine needs no bush" Bac Ninh today is not only the "capital" of FDI investors, but also increasingly has a spreading influence, a destination for domestic investors due to its favorable trading location, active public administrative reform, and increasingly complete infrastructure. The result of attracting more than 5 billion USD of foreign investment capital along with 15.5 trillion VND of newly registered and adjusted capital of domestic enterprises in Bac Ninh in 2024 is a vivid proof that Bac Ninh is increasingly attractive to investors. In addition, many foreign investors have increased capital and expanded production in Bac Ninh.

Operating since 2009, mainly in the field of providing logistics products and services, especially long-haul aviation services with strategic partners such as Samsung Group Companies, ALS Company in Yen Phong Industrial Park currently has 11,000 m2 of warehouse, capacity of 150 thousand tons with 170 employees. According to the company's leaders, the province's good infrastructure investment along with open investment attraction policies have created an attractive investment environment, attracting many large corporations. Thanks to that, the business's service activities are growing stronger and stronger, developing many large customers and partners.

In January 2025, Bac Ninh adjusted investment capital for more than 20 FDI projects with an increased adjusted capital of about 1.2 billion USD. This shows the commitment to expand production of foreign investors and confidence in the province's investment and business environment. THK Vietnam Co., Ltd. is a 100% Japanese-invested enterprise. In 2007, the Company built a factory in Tien Son Industrial Park, specializing in precision mechanical manufacturing with outstanding products such as high-precision linear guide bars, applied in the manufacturing industry, semiconductor electronics, 3D printing... In order to meet production and business needs, in March 2018, the Company built THK Manufacturing Vietnam Factory Phase 2 with 16,000m2 of factory space, and put the factory into operation in 2019. This affirms the new development of the enterprise, and at the same time demonstrates the safe and attractive investment environment of Bac Ninh. Mr. Tatsuya Matsui, Director of THK Vietnam Factory, said that the Company is developing a plan to continue expanding the factory and researching the construction of additional factories in Bac Ninh.

In general, in 2024, Bac Ninh's industrial sector increased by 6.2%, contributing 4.2 percentage points to the province's overall growth. The reason for this growth is that FDI enterprises received an increase in production orders, along with the attraction and granting of many new large production projects with a total annual capital of more than 5 billion USD, ranking first in the country. Right in the first month of 2025, Bac Ninh continued to affirm its leading position in attracting foreign direct investment (FDI) with a registered invesment capital of 1.42 billion USD, accounting for 32.2% of the total investment capital of the country, 6 times higher than the same period.

To continue to build trust with investors, Bac Ninh province always emphasizes the viewpoint that investors in industrial park infrastructure must perfect their apparatus, operate professionally and systematically to simultaneously carry out infrastructure construction activities on the cleared area and approach and attract large, branded projects, creating a spread. After having the site, investors must immediately implement infrastructure construction; regarding investment attraction, the province resolutely does not accept projects on small scale and with outdated and weak technology that damage the environment. Investors in industrial park infrastructure gradually build their brands, coordinate with the Provincial Industrial Zones Authority and departments and branches to strengthen investment promotion, attract strategic investors, and create stronger investment attraction.

Bac Ninh is ready to gradually realize the goals set out in the 2021-2030 Planning, with a vision to 2050: Bac Ninh becomes a centrally-governed city, a center for high-tech innovation and research and development (R&D) in the Southeast Asian region, where people and businesses enjoy the best policies and living conditions. With a strategic vision and the motto that the success and development of enterprises is also the success and development of the province, Bac Ninh always opens and welcomes investors, commits to accompany and create the most favorable conditions to turn investors' ideas into reality.