BAC NINH LEADS IN ATTRACTION OF FOREIGN INVESTMENT IN 2024

Employees work at an electronics factory in Bac Ninh Province - PHOTO: VNA

HCMC – The northern province of Bac Ninh emerged as Vietnam’s top destination for foreign direct investment (FDI) in 2024, attracting nearly US$5.12 billion, accounting for 13.4% of the national total, according to the General Statistics Office.

FDI inflows were spread across 56 provinces and cities, with Bac Ninh leading the pack. Haiphong City ranked second with US$4.94 billion (12.9%), while HCMC came third with US$3.04 billion (8%).

In terms of new and additional investments, Bac Ninh maintained its top position with US$4.84 billion (14.4% of the total), followed by Haiphong at US$4.52 billion (13.4%) and Quang Ninh at US$2.87 billion (8.5%).

Bac Ninh is currently home to 16 approved industrial parks slated for development by 2030, spanning 6,397 hectares, with 27 infrastructure projects in progress. Of these, 12 industrial parks are operational, hosting 23 active projects.

To sustain its growth trajectory, the General Statistics Office recommends that Bac Ninh focus on attracting high-quality, efficient investments that align with international environmental standards and support sustainable development goals. The province is also encouraged to emphasize technology transfer, improve working conditions, foster a skilled workforce, and ensure positive contributions to the local budget.

Source: The Saigon Times