Many investors invest in expanding production
In the first 6 months of 2025, after merging with Bac Giang , Bac Ninh province has made a strong mark on the investment attraction "map" with a total converted capital attraction exceeding 15.3 billion USD. Of which, foreign direct investment capital alone recorded an impressive figure of about 4.1 billion USD, ranking 2nd in the country (after Hanoi). Some large-scale projects registered for investment capital in the province include: Electronic components manufacturing factory worth 61 million USD (about 1.5 trillion VND) of AMPHENOL HOLDING SG PTE. LTD (Singapore) in Yen Phong II-C Industrial Park; Dong Son dry port with an investment capital of more than 1.1 trillion VND in Tien Phong ward; Soilbuild Bac Giang factory and office for lease area in Yen Lu Industrial Park with capital of nearly 1.6 trillion VND and Sen Ho dry port project in Nenh ward, Van Ha with scale of more than 200 thousand m2 with total investment of more than 698.6 billion VND.
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Production line at JA Solar Vietnam Co., Ltd., Quang Chau Industrial Park. |
In addition, many investors have poured in capital to expand their scale. For example, Seo Jin Auto Co., Ltd., with 100% Korean capital (Dai Dong Hoan Son Industrial Park), operates in the field of manufacturing broadcasting equipment, phone cases and electronic components, creating jobs for thousands of workers. This year, the company registered an additional total investment of more than 121 million USD. Similarly, Nokia Vietnam Co., Ltd. increased its total investment capital by 39 million USD for the Fushan Technology (Vietnam) factory project in VSIP Industrial Park.
Recently, SeoJin Vietnam Co., Ltd. (operating in Song Khe - Noi Hoang Industrial Park) decided to increase its investment capital by nearly 94 million USD to build a new factory in Tang Tien Industrial Park. Up to now, the enterprise has put into operation 6 production workshops and is urgently speeding up the construction progress to complete the 7th workshop, expected to be operational by the end of this year. SeoJin Vietnam is an enterprise specializing in the production and processing of components and spare parts for the automotive industry, including precision mechanics and electronic products applied in the field of automobiles and industrial machinery; creating jobs for more than 5,000 workers. The company's products have been exported to many major markets such as the United States, Europe, etc. According to Mr. Kim Teahong, Director of the enterprise, the investment expansion process has received active support from local authorities. Simplified administrative procedures, fast processing time, especially the close and timely coordination of departments and branches have helped the project to be implemented on schedule. Thanks to that, not only expanding the production scale, SeoJin Vietnam also actively introduces partners and customers to invest in the province.
Support the ecosystem, promptly resolve recommendations
In recent times, the province's investment attraction results have continued to be among the leading ones nationwide. This demonstrates that the province has effectively implemented on-site investment promotion with a number of key solutions. Mr. Nguyen Dinh Hieu, Director of the Department of Finance, said that from the beginning of the year, the province directed the development of a focused, key investment promotion program, clearly oriented goals and prioritized the attraction of high-tech projects such as semiconductor manufacturing, electric vehicle batteries, electronics, etc. to help increase added value and connect the supply chain. At the same time, diversifying promotion methods, applying information technology in organizing conferences, online seminars and building modern promotion documents, combining with improving the quality of the investment environment, supporting investors through specialized working groups. Provincial leaders also maintain regular dialogues with businesses to promptly remove difficulties, creating close ties between the government and the business community.
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Workers of Sunwoda Vietnam Co., Ltd. (Van Trung Industrial Park) operate the production line. |
The province has resolutely directed the acceleration of administrative procedure reform, applying innovative models such as "Friday without appointment", "Sunday for the people" and "Virtual assistant guiding administrative procedures" to improve the satisfaction of businesses and people. In addition, it prioritizes resources for synchronous infrastructure development, expands development space, and prepares clean land funds to welcome strategic investors. According to Mr. Nguyen Van Phuc, Head of the Provincial Industrial Park Management Board, now that the US has imposed a 20% reciprocal tax, businesses are excited and confident in investing in production in the province. Therefore, it is forecasted that there will be a new wave of investment in the area.
With the assigned functions and tasks, the provincial authorities have focused on implementing a number of solutions. Currently, the Department of Finance is coordinating to review and adjust the planning to ensure a vision for sustainable development, aiming to build Bac Ninh into a centrally-run city before 2030. In addition, flexible budget management, prioritizing investment in dynamic infrastructure such as Gia Binh airport, Ring Road 4, Kenh Vang bridge, Van Ha bridge... creates a strong development foundation in the fields of industry-trade-services and logistics, while continuing to support the business ecosystem comprehensively.
| In the first 6 months of 2025, after merging with Bac Giang, Bac Ninh province has made a strong mark on the investment attraction "map" with a total converted capital attraction exceeding 15.3 billion USD. Of which, foreign direct investment capital alone recorded an impressive figure of about 4.1 billion USD, ranking 2nd in the country (after Hanoi). |
On the local side, the work of site clearance and creation of industrial land funds has also been highly focused. According to comrade Nguyen Dai Luong, Secretary of the Van Ha Ward Party Committee, thanks to the effective promotion of the emulation movement "100 peak days of site clearance for key projects and public investment projects in the area" of Viet Yen town (before the merger), up to now, the implementation of Trung Son - Ninh Son Industrial Cluster has achieved positive results, basically completed according to the set plan. Currently, the locality is focusing resources on site clearance for Ninh Son - Tien Son Industrial Park (phase 1), with the goal of striving to clear the entire site in 2026.
Speaking at the regular conference in July, Mr. Vuong Quoc Tuan, Chairman of the Provincial People's Committee, especially emphasized the orientation for socio-economic development in the coming time, which is to maintain the achievements in attracting investment and proactively welcome new investment waves. Accordingly, priority is given to supporting the ecosystem, creating a solid foundation for production and business activities of enterprises operating in the area. The Management Board of Industrial Parks strengthens the supervision of the progress of infrastructure construction in industrial parks as well as secondary investment projects to ensure consistency and efficiency. The work of reviewing and speeding up the progress of site clearance in industrial parks and clusters also needs to be urgently implemented, ready to welcome new investment waves. Relevant departments and branches proactively coordinate to promptly resolve recommendations, create a transparent and favorable investment environment, and strengthen the trust of the business community in the policies and management of the province.
Source: https://baobacninhtv.vn/bac-ninh-giu-vung-thanh-qua-don-lan-song-dau-tu-moi-postid422688.bbg
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