Data from the General Statistics Office showed Vietnam licensed 2,534 new FDI projects worth 11.03 billion USD between January and August. Additional capital injections pushed total adjusted investment to more than 10.6 billion USD with northern industrial clusters and southern manufacturing belts absorbing the bulk of inflows.

Bac Ninh has emerged as a bright spot in attracting foreign investment.

Bac Ninh stood out with 1.47 billion USD in new projects and 3.03 billion USD in capital increases. High-tech manufacturing and electronic component production, supported by expansion plans from global giants including Samsung, Canon and Foxconn, have cemented the province’s position as the “electronics capital” of northern Vietnam.

The province’s proximity to Hanoi, well-developed industrial infrastructure and its recent merger with neighboring Bac Giang have further strengthened its appeal to multinational investors seeking large-scale production bases.

While Ho Chi Minh City led in the number of new projects with 1,244, its combined registered capital reached only about 2 billion USD, highlighting the southern hub’s stronger appeal to small and medium-sized firms in services and IT rather than large-scale manufacturing.

Hanoi ranked second in total investment with 3.47 billion USD, mostly from capital adjustments and share purchases, underlining the capital’s strength in expanding existing projects. Other major destinations included Dong Nai with 2.08 billion USD, Hai Phong with 1.61 billion USD and Ninh Binh with 1.49 billion USD.

The FDI picture illustrates a shift: while traditional centers like Bac Ninh, Hanoi and Dong Nai remain dominant, emerging provinces such as Ninh Binh, Tay Ninh and Gia Lai are rising as new magnets for foreign capital.

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