Bac Ninh draws nearly $1 billion of FDI in first four months

May 08, 2024 | 12:28

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Industrial parks in Ban Ninh province attracted $997.1 million in foreign direct investment (FDI) in the first four months of this year.

Bac Ninh draws nearly $1 billion of FDI in first four months

A total of 45 new projects were granted investment certificates in Bac Ninh during that time, with total registered capital of $488 million. Meanwhile, the adjusted capital for 44 ongoing projects stood at about $409.1 million. However, 12 foreign-invested projects terminated operations with total registered investment of $18.68 million, according to Bac Ninh Industrial Parks Management Board.

In April alone, the province issued investment certificates for 12 projects and approved capital adjustments for 13 projects, with total new and adjusted capital of over $142.7 million.

In addition, 436 businesses resumed operations in the locality, an increase of 28.99 per cent on-year. Meanwhile, 1,092 businesses registered to suspend operations, up 25.09 per cent, 167 others implemented voluntary dissolution procedures, and 111 changed their types of operation.

Bac Ninh is home to 23,165 enterprises with total registered capital of more than VND403.9 trillion ($15.8 billion). Among them, 18,423 enterprises are operating with a total charter capital of more than VND367.1 trillion ($14.4 billion). The average registered capital per enterprise stands at VND19.93 billion ($784,377).

Big corporations that have built factories in Bac Ninh include Samsung, Foxconn, Canon, PepsiCo, Amkor, GoerTek, and VSIP. As a result, Bac Ninh has become a high-tech industrial centre in the northern region.

BW breaks ground for new logistics centre in Bac Ninh

BW Industrial Development JSC, Vietnam’s leading industrial real estate developer, on January 25 opened a new logistics project in VSIP Bac Ninh 2 Industrial Park, marking the start of its development plan to kick off 12 new projects in 2024.

Victory Giant Technology to invest $800 million in Bac Ninh

Victory Giant Technology is to invest in a high-precision, printed circuit boards project in the northern province of Bac Ninh, according Vuong Quoc Tuan, standing Deputy Chairman of Bac Ninh People's Committee following a meeting at the Chinese manufacturer's factory in Guangdong province on March 19, during Tuan's visit to the country.

VBSP provides platform for young entrepreneurs

After careful research of plant varieties and market demand, Pham Van Son, from Xuan Binh village in Bac Ninh district, began planting baby cucumbers and melons after securing a loan of VND900 million ($35,500) with preferential interest rates from the Vietnam Bank for Social Policies (VBSP) branch inthe northern province of Bac Ninh.

By Thanh Van

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