Many investors pour capital to expand production

Major projects registered include a 61 million USD electronic components plant by Singapore’s Amphenol Holding SG Pte Ltd in Yen Phong II-C Industrial Park; the VND Son inland container depot worth over 1.1 trillion VND in Tien Phong ward; Soilbuild Bac Giang’s factory and office complex in Yen Lu Industrial Park worth nearly 1.6 trillion VND and Sen Ho inland container depot in Nenh and Van Ha wards covering more than 200,000 square meters with an investment exceeding 698.6 billion VND.

Production line at JA Solar Vietnam Co., Ltd in Quang Chau Industrial Park.

Many investors are expanding existing facilities. South Korea’s Seo Jin Auto Co Ltd, operating in Dai VND Hoan Son Industrial Park producing transceivers, phone casings and electronic components, registered an additional 121 million USD this year.

Similarly, Nokia Vietnam has raised its total investment by 39 million USD for its Fushan Technology plant in VSIP Industrial Park.

SeoJin Vietnam Co Ltd, currently operating in Song Khe – Noi Hoang Industrial Park, recently decided to inject nearly 94 million USD to build a new factory in Tang Tien Industrial Cluster. The company now runs six production workshops and is expediting construction of its seventh, expected to commence operations by year-end.

SeoJin Vietnam specialises in producing and processing automotive components and precision engineering parts, employing more than 5,000 workers. Its products are exported to major markets such as the US and Europe.

Kim Teahong, SeoJin Vietnam’s General Director, said the company’s expansion has received strong support from provincial authorities.

“Administrative procedures have been simplified and processed swiftly, with close and timely coordination by departments, helping projects stay on schedule,” he said, adding that SeoJin is introducing partners and clients to invest in the province.

According to Nguyen Dinh Hieu, Director of the Department of Finance, Bac Ninh has focused on targeted investment promotion, prioritising high-tech industries such as semiconductors, EV batteries and electronics to increase added value and integrate into global supply chains.

“We diversified promotion methods, using online conferences and modern promotional materials, while enhancing the investment environment through specialised working groups,” he said.

Supporting the ecosystem, promptly addressing petitions

The province has maintained regular dialogue with businesses to promptly resolve difficulties and strengthen ties with the business community.

Administrative reforms have also been accelerated through initiatives such as “No Appointment Fridays”, “Sundays for the People”, and an AI-based administrative procedure assistant to improve satisfaction among enterprises and residents.

Workers at Sunwoda Vietnam Co., Ltd (Van Trung Industrial Park) operate the production line.

Nguyen Van Phuc, Head of Bac Ninh’s Industrial Zones Authority, said that despite the US’s 20% countervailing tariff, local businesses remain optimistic about production prospects, predicting a fresh wave of investment into the province.

To prepare, Bac Ninh is prioritising land clearance and infrastructure development. The Department of Finance is coordinating adjustments to provincial planning to ensure sustainable development, aiming for Bac Ninh to become a centrally governed city by 2030.

Budget management is being implemented flexibly to focus on key infrastructure such as Gia Binh Airport, Ring Road 4, Kenh Vang Bridge, and Van Ha Bridge, forming a strong foundation for industrial, commercial, service and logistics growth.

Localities are accelerating land clearance for industrial zones. Nguyen Dai Luong, Party Secretary of Van Ha ward, said the “100-day peak emulation campaign” in Viet Yen township before the merger helped successfully implement the Trung Son – Ninh Son Industrial Cluster. Current efforts focus on land clearance for Phase 1 of Ninh Son – Tien Son Industrial Park, aiming for full clearance by 2026.

At the July regular meeting, Chairman of the provincial People’s Committee Vuong Quoc Tuan emphasised that Bac Ninh must safeguard its investment achievements while proactively welcoming new capital inflows. He underlined the need to support the business ecosystem and strengthen production and business foundations.

“Industrial zone authority must enhance supervision of infrastructure and secondary project progress to ensure synchronisation and efficiency,” he said.

The provincial leader urged departments to expedite land clearance at industrial zones and clusters to be ready for new investors. He called on relevant agencies to coordinate in promptly addressing business concerns, ensuring a transparent and favourable investment environment to maintain corporate confidence in provincial policies and governance.

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Bac Ninh grants investment approvals and certificates to four projects

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