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The Saigon Times

Saigon Times Group is a leading Vietnamese media organization with prestigious business and consumer publications. After three decades of development, we have built a good reputation through our publications on economy, business and markets for Vietnamese and foreign readers.

Basic

Free

  • Free access to daily domestic news, podcasts and videos

Premium

$5 $1 /month
(VND 23,900)
Monthly Annual

  • Unlimited access to domestic news, podcasts, videos and magazine articles on current social / economic / trade / investment issues, commodity / financial/securities markets, M&A activity, FDI, local and foreign business communities and more.

AUTOMATIC RENEWAL REMINDER

  • Your payment method will then be automatically charged ₫ 899.000 every 365 days thereafter.
  • Your subscription will continue until you cancel.
  • You can cancel by using My account. Under My account, select "Unsubscribe" and then follow the instructions to cancel.
  • You can notify us of your intent to cancel at any time during your billing period. Cancellations take effect at the end of your current billing period.
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Ho Chi Minh City
Wednesday, January 22, 2025

Bac Ninh leads in attraction of foreign investment in 2024

The Saigon Times

Must read

HCMC – The northern province of Bac Ninh emerged as Vietnam’s top destination for foreign direct investment (FDI) in 2024, attracting nearly US$5.12 billion, accounting for 13.4% of the national total, according to the General Statistics Office.

FDI inflows were spread across 56 provinces and cities, with Bac Ninh leading the pack. Haiphong City ranked second with US$4.94 billion (12.9%), while HCMC came third with US$3.04 billion (8%).

In terms of new and additional investments, Bac Ninh maintained its top position with US$4.84 billion (14.4% of the total), followed by Haiphong at US$4.52 billion (13.4%) and Quang Ninh at US$2.87 billion (8.5%).

Bac Ninh is currently home to 16 approved industrial parks slated for development by 2030, spanning 6,397 hectares, with 27 infrastructure projects in progress. Of these, 12 industrial parks are operational, hosting 23 active projects.

To sustain its growth trajectory, the General Statistics Office recommends that Bac Ninh focus on attracting high-quality, efficient investments that align with international environmental standards and support sustainable development goals. The province is also encouraged to emphasize technology transfer, improve working conditions, foster a skilled workforce, and ensure positive contributions to the local budget.

 

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