Bac Ninh wins growing investor confidence
Bac Ninh secured US$1.91 billion in investment in the beginning of the year, reaffirming investors’ confidence in this northern province’s potential as well as local authorities’ flexible and business-friendly policies.
Samsung Display Vietnam Co., Ltd, operating at the Yen Phong Industrial Park since 2014 with an investment of US$6.5 billion, has demonstrated its confidence in Bac Ninh’s breakthrough growth in 2025 by announcing the US$1.2 billion expansion of its monitor manufacturing project in early 2025.
Deputy Director of the company Kang Eui Sik praised the local administration’s enthusiastic support while highlighting the firm’s plan to invest in display manufacturing for phones and technological devices as well as commitment to bolstering production and business in the province.
General Director of Green Precision Manufacturing Vietnam Co. Ltd Wu Chung Sheng said the province’s strategic location, development potential, and high-quality workforce were key factors in the company’s investment decision, adding with the expansion of its plant in Yen Phong district, the firm plans to deepen its involvement in manufacturing electronic components for major global corporations.
With local authorities' prompt actions to remove businesses’ challenges, Taiwan-based Johnson Group, a world-renowned high-quality sports equipment manufacturer, decided to establish its second factory at the Thuan Thanh I Industrial Park following its initial US$50 million investment at the Thuan Thanh II Industrial Park in 2019. The new US$100 million facility will be constructed in an area of 20 hectares and become the world’s largest complete sports equipment manufacturing and assembly plant.
Notably, domestic investors are also strengthening their presence in Bac Ninh, accounting for 21% of the new investment certificates issued in early 2025.
The CD Vietnam Group received approval for a 70-hectare supporting industrial cluster project in Que Vo township, with an investment of nearly VND1.39 trillion (US$54.6 million). Meanwhile, MK Global JSC secured an investment registration certificate for a warehouse and factory for lease project worth VND950 billion at the VSIP Bac Ninh II Industrial Park, Yen Phong district.
Bac Ninh is now housing 16 industrial parks spanning over 6,397 hectares, with 12 already operational, and an occupancy rate of 62.05%.
Secretary of the provincial Party Committee Nguyen Anh Tuan affirmed the locality’s commitment to supporting both foreign and domestic investors, encouraging stronger integration between FDI enterprises and local businesses to create robust value chains and supply networks.
As Bac Ninh is striving to become a production base for world-leading enterprises as well as domestic businesses, Tuan said the province will continue stepping up administrative reform, improving the business climate, enhancing transparency, and creating optimal conditions regarding access to planning information, infrastructure, and human resources training for investors.
Bac Ninh prioritises developing high-tech, green, and environmentally-friendly industries while focusing on green transition at industrial parks, meeting enterprises’ increasing demand and the province’s sustainable development goal.
The province attracted US$5.04 billion in investment last year, or 13% of the nation’s figure, demonstrating its exceptional appeal to investors.
