Bac Ninh attracts over 900 million USD of FDI in 10 months

Wednesday, 15/11/2023 17:00
As of October 20, 2023, the northern province of Bac Ninh permitted 308 new foreign direct investment (FDI) projects, an increase of 3.14 times compared to the same period last year with a total capital of more than 908 million USD.
 Photo for illustration. (Source: VNA)

Despite having the smallest area in Vietnam, Bac Ninh has the fourth highest total foreign direct investment capital in the country and is a bright spot in attracting foreign investment. 

So far, Bac Ninh has granted investment registration to 2,075 valid foreign investment projects with a total investment capital of more than 25.6 billion USD from 39 countries and territories.

According to statistics of the General Department of Customs, Bac Ninh’s export turnover in October reached nearly 4.3 billion USD, an increase of over 100 million USD from the previous month. This is the second consecutive month the province led the country in export turnover. 

Along with foreign investment attraction, in 2023, the province granted 19 new domestic projects with a total registered investment capital of 4,442 billion VND, allowed 79 projects to adjust their capital, in which 20 projects registered an increased capital of 250.4 billion VND. As many as 16 projects were withdrawn.

So far, the northern province has registered 1,547 valid investment projects with a total capital of 257,396 billion VND.

In 2023, the province saw 2,897 enterprises established, up 33.8%, with a total capital of 27,756 billion VND, up 59.7%. The province now has 17,919 operating enterprises with a total capital of 349,490 billion VND.

In the near future, Bac Ninh will aim to attract investment in association with sustainable development, encourage links between foreign-invested enterprises and domestic enterprises, and increase the localization rate in products./.