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BAC NINH TOPS VIETNAM IN FDI INFLOWS IN JAN-SEPT
Workers assemble machinery at a factory in Bac Ninh Province - PHOTO: VGP
HCMC – Bac Ninh Province attracted more than US$15.3 billion in investment in the first nine months of this year, the highest level of foreign direct investment (FDI) among Vietnam’s provinces, reported local media.
The northern province licensed 162 new domestic projects with fresh capital of VND256.1 trillion and 262 FDI projects worth US$1.51 billion.
Bac Ninh’s index of industrial production in September rose 14.63% from a year earlier, bringing growth in the first nine months to 15.93%.
The province saw 5,448 new enterprises enter the market during the period, up 25% from a year earlier, with registered capital of VND94.6 trillion.
Budget revenue in the first nine months was estimated at VND56.5 trillion, achieving 99.5% of the full-year target.
To meet its full-year growth target of 11.5%, the provincial government asked agencies to address obstacles in business operations, investment, and land clearance.
Contractors and investors were also urged to speed up key projects, including Gia Binh International Airport, its connecting road to Hanoi City, Kenh Vang Bridge, and new industrial zones approved in 2024 and 2025.
Source: The Saigon Times
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Speaking at the event, Bui Hoang Hai, vice-chairman of the State Securities Commission of Vietnam, said total investment demand in the 2026-30 period is estimated at VND38,000 trillion ($1.4 trillion). The state budget can only provide approximately VND8,500 trillion ($323 billion), or 20 percent, leaving the remaining 80 percent to be sourced from private and international capital.
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