North Ninh Adds Nine Industrial Zones with a Total Investment of Over $700 Million

According to the People's Committee of Bac Ninh Province, in the first nine months of this year, the province has approved investment policies for nine new industrial parks (IPs), with a total registered capital exceeding 700 million USD.

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In recent years, the People’s Committee of Bac Ninh Province has directed agencies, units, and localities to review, proactively monitor the situation, and promptly address challenges related to capital, markets, labor, imports/exports, and electricity supply. These efforts aim to support businesses in stabilizing production, maintaining supply chains, and building new capabilities. To date, Bac Ninh Province boasts 33 industrial parks (IPs) with a total planned area of over 10,100 hectares, achieving an occupancy rate of approximately 56%.

According to the Bac Ninh Provincial People’s Committee, despite the impact of U.S. tariff policies, many foreign direct investment (FDI) enterprises have maintained positive growth. Major corporations such as Foxconn, Luxshare, and Samsung continue to expand production, solidifying their positions in the global supply chain. Key products have seen significant increases compared to the same period last year, including computer components (up more than sevenfold) and laptops and iPads (more than double).

Workers in a Bac Ninh industrial park. Photo: Nguyen Thang.

Mr. Nguyen Van Phuc, Head of the Bac Ninh Industrial Park Management Board, stated that under the 2021-2030 planning period with a vision to 2050, Bac Ninh Province aims to develop 52 IPs covering nearly 16,000 hectares. To date, 41 zones have had their detailed construction plans approved, with an expected land use area of nearly 13,000 hectares.

As of August, IPs in Bac Ninh Province have attracted 2,805 projects with a total registered and adjusted capital of over $44 billion. This includes 2,010 FDI projects with a combined capital of more than $40 billion, sourced from 44 countries and territories. The investment rate exceeds $9 million per hectare, surpassing the national average of $5 million per hectare in 2024. Notably, Bac Ninh has successfully attracted major projects from multinational corporations with core technologies, such as Samsung, Canon, Amkor, Foxconn, Sunwoda, Goertek, and Amphenol.

Bac Ninh attracts global semiconductor projects. Photo: Nguyen Thang.

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