At the conference, the leaders of Bac Ninh province received Decision No. 1589/QD-TTg dated December 8, 2023, from the Prime Minister, approving the master plan for Bac Ninh province for the period of 2021 – 2030, with a vision to 2050.
According to the master plan, the development goal by 2030 is for Bac Ninh to become a centrally-governed city; a dynamic economic and cultural center of the Northern region; one of the key development poles of the Red River Delta, closely connected to Hanoi capital; with a synchronous and modern socio-economic infrastructure system.
By 2030, the province aims to have four cities: Bac Ninh, Tu Son, Tien Du, and Yen Phong; two towns: Que Vo and Thuan Thanh; and two districts: Luong Tai and Gia Binh. Bac Ninh province is expected to meet the criteria for a first-tier city and become a centrally-governed city.
By 2050, the province aims to become a centrally-governed city, ranking among the top localities in the country in terms of economic scale; one of the leading centers for high-tech industry, research and development, and smart manufacturing in Asia and the world; a green, smart, modern, and livable city with a high level of development, preserving the cultural identity of Bac Ninh – Kinh Bac.
Notably, at the conference, the Provincial People’s Committee granted investment registration certificates, investment registration certificates, memoranda of understanding, and in-principle agreements for 18 projects, with a total investment capital of 5.5 billion USD.
Some notable projects include: Amkor Technology Vietnam LLC’s project to manufacture, assemble, and test semiconductor materials and equipment, with an additional investment of 1.07 billion USD; Foxconn Singapore’s FCPV Foxconn Bac Ninh project, with a total investment of 383.3 million USD; Goertek’s project to manufacture electronic products, network equipment, and multimedia audio products, with a total investment of 280 million USD, and more.
In addition, the province also signed a Memorandum of Understanding with Samsung Display Co., Ltd. for a project to produce screens and electronic components in Yen Phong IP, with a total investment of 1.8 billion USD; and with Aeon Mall Vietnam LLC for the Aeon Mall Trade Center project, with a total investment of 190 million USD.
According to the Foreign Investment Agency (Ministry of Planning and Investment), as of the end of August 2024, the total newly registered, adjusted, and contributed capital of foreign investors in Bac Ninh province reached nearly 3.5 billion USD, making it the leading locality in the country in attracting FDI. From the beginning of the year up to now, the province has granted new investment registration and adjusted investment capital for 318 projects, with a total registered, adjusted, and contributed capital of 3.47 billion USD, up 194% over the same period last year.
The $95 Million Bridge: Connecting Bac Ninh and Hai Duong Provinces Over the Thai Binh River
The construction of the Kenh Vang Bridge and its connecting roads, linking the provinces of Bac Ninh and Hai Duong, has officially commenced. This significant infrastructure project spans approximately 13.4 kilometers and entails a total investment of over VND 2,182 billion. The commencement ceremony, held on the afternoon of September 22nd, marks the beginning of a transformative development that will enhance connectivity and facilitate economic growth in the region.
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