According to the Bac Ninh provincial People’s Committee’s online portal, Mr. Vuong Quoc Tuan, Chairman of the People’s Committee, reported on the regular July government meeting, which was held online with the participation of 34 provinces and centrally-run cities regarding investment attraction in the province.
He stated that the total value of Bac Ninh’s exports to the United States is expected to account for approximately 23-25% of the country’s total exports.
The province noted that foreign investors maintained strong confidence from the time the US announced its intention to impose taxes on imports from Vietnam until the actual implementation.
Specifically, in the first seven months, Bac Ninh attracted $3.9 billion in FDI. Foreign investors remain particularly interested, including some semiconductor investors who have already invested or are investing in the province and are expanding their production.
In August, the province is expected to organize the granting of Investment Registration Certificates to FDI investors (with a total value of $1.1 billion) and domestic investors (with a total value of VND 5.8 billion).
Mr. Vuong Quoc Tuan, Chairman of Bac Ninh People’s Committee, speaking at the July regular government meeting (Photo: Bac Ninh Portal)
Additionally, Mr. Vuong Quoc Tuan reported that the province’s growth rate reached 10.47%, with a strong breakthrough in July. The main driving force remains industrial production, with a value growth of 17.64% in the first seven months.
The province’s import and export turnover in the first seven months reached approximately $47.8 billion, up 24.1% over the same period. Budget revenue in the province reached 80.8% of the estimate, and domestic revenue reached 85% of the estimate, up 50% over the same period.
Furthermore, the disbursement of public investment capital reached 70.11% compared to the Government’s assigned capital. According to the People’s Committee, the province focuses on urging investors to expedite site clearance, address difficulties in raw materials supply, and accelerate the progress of investment disbursement to complete 100% as committed to the Government.
Regarding key tasks for the last months of the year, Mr. Vuong Quoc Tuan emphasized that the province will focus on starting and completing key projects by August 19, including the Gia Binh International Airport project and the connecting road. At the same time, Bac Ninh will also focus on reviewing difficulties and obstacles to come up with timely solutions.
At the meeting, Bac Ninh proposed that the Government soon issue guidance on regulations on the classification of administrative units, standards for administrative units, urban standards, and standards for urban administrative units to implement them promptly at the grassroots level.
Along with that, the province suggested that the Government issue a resolution on solutions to continue implementing planning in association with the arrangement of administrative units while waiting for the amended Law on Planning to be issued as a basis for adjusting the provincial planning for the period of 2021-2030, with a vision to 2050.
The Capital’s New Ventures: Hanoi Commences Four Projects Worth VND 315 Billion
On August 8th, the commune of Thien Loc in Hanoi celebrated the groundbreaking and inauguration of key infrastructure projects totaling VND 315 billion in investment. This comprised the commencement of two new projects and the completion of another two.
‘Mega-Project’ $20 Billion Petrochemical Refinery: Avoiding Past Pitfalls
The construction of the Dung Quat National Petrochemical and Energy Center, with a staggering investment of over $20 billion, is a testament to the capabilities of Vietnamese enterprises. This ambitious project serves as a pivotal milestone, testing the mettle of local businesses in terms of execution and operational prowess.
Hue City Attracts Over VND 28,000 Billion in Investment
In the first seven months of 2025, the city of Hue attracted a total of VND 28 trillion in investment, with 35 new projects and a series of large-scale capital adjustment projects.
The Evolution of Structural Dynamics
“Development is often likened to ‘running and queuing simultaneously’. Speed is represented by ‘running’, while structure is represented by ‘queuing’. Queuing is fundamental and long-term; it not only affects the running speed but also influences various states of stability and crisis, agriculture-based or industrial-based economies, and market-oriented or non-market-oriented economies. Given its significance, structure and structural transformation deserve greater attention.”
“Ambitions for Dong Nai: Achieving the Target of Over 4,200 Social Housing Units by 2025”
“In a recent development, the Vietnamese provincial government of Dong Nai has set an ambitious target for the merged provinces of old Dong Nai and Binh Phuoc. As per the official portal of Dong Nai Province, the Prime Minister has mandated the construction of over 4,200 social housing units in the region by the year 2025. This initiative underscores the government’s commitment to enhancing the welfare and living conditions of low-income workers and those facing housing challenges.”
