The northern province of Bac Giang strives to lure approximately 1.5 billion USD in foreign direct investment (FDI) in 2025, said Chairman of the provincial People's Committee Nguyen Viet Oanh.

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The local leader said that this year, the province will focus on attracting investment in the industrial sector, aiming to develop an industrial ecosystem that connects industrial zones with urban and service areas with synchronized, modern technical and social infrastructure.

It aims to lure large-scale processing and manufacturing projects that apply high technology, smart production, artificial intelligence (AI), green transition, and clean technology, particularly in those in the semiconductor industry, which have a high value and connect global production and supply chains.

In the fields of commerce and services, Bac Giang seeks to draw investment in developing synchronized, modern, competitive, and high-quality service sectors, particularly focusing on commercial services in urban areas and around industrial zones; transportation, logistics, financial and banking services; tourism (especially resort and entertainment), night economy services, sports, culture, health care, and high-quality education and job training.

In agriculture, Bac Giang will encourage large enterprises to invest in processing, storing, and consuming key agricultural and forestry products such as lychee, processed vegetables, chicken, pork, and wood.

The province also plans to develop new One Commune-One Product (OCOP) products that align with the production potential and advantages of each locality.

It will also enhance supply-demand connection activities, linking with corporations, major companies, large cities, e-commerce platforms, and building supply chains.

Oanh stated that in 2025, the province will focus on attracting foreign investment from specific selected regions, markets, and partners to promote cooperative development that aligns with global and regional contexts. It aims to reduce reliance on high-risk markets or those with potential disputes.

Additionally, Bac Giang is developing programs to connect local businesses with foreign supply chains to create competitive advantages, retain investors, and make breakthroughs in attracting new projects.

The province will proactively engage and reach out through various channels, including influential individuals, investors, business associations, international organizations, reputable consulting firms, and investment funds to attract major corporations with quality projects to Bac Giang.

Bac Giang is committed to building an information system and database, and strengthening domestic and international cooperation in investment promotion.

Last year, the province achieved positive results in attracting investment, with many large domestic direct investment (DDI) projects approved, especially in infrastructure for industrial zones and expanding FDI projects.

As of December 31, 2024, the province had attracted an investment capital of over 2.23 billion USD, including 29 new DDI projects with registered capital exceeding 20.07 trillion VND and 73 FDI projects with registered capital exceeding 507 million USD.

Additionally, the capital adjustment saw an increase of over 2.79 trillion VND for 24 DDI projects and over 782 million USD for 74 FDI projects.

Notably, Bac Giang ranked 11th in the country in FDI attraction last year. FDI projects mainly focused on manufacturing and processing electronic components, textiles, and logistics.

Currently, more than 30 countries and territories have investment projects in Bac Giang, with China being the largest investor, followed by the Republic of Korea, Singapore, and Japan.

Thanks to the significant contributions of this investment capital, Bac Giang's gross regional domestic product (GRDP) in 2024 expanded 13.85%, ranking top nationwide. The province's economic size reached 207 trillion VND (approximately 8.6 billion USD).

Bac Giang’s total import and export value in 2024 reached 60 billion USD, a year-on-year increase of 14.5%. Exports amounted to 33 billion USD, up 20.4%, while imports reached 27 billion USD, up 8.1%.

The province's largest trading partners include China, the RoK, the USA, India, Taiwan (China), Japan, and Spain. Its major export products include textiles, leather and footwear, computers, electronic products, phones and components, and electrical equipment.

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