According to the Foreign Investment Agency (Ministry of Planning and Investment), in the first nine months of 2024, the total newly registered, adjusted, and contributed capital to purchase shares and buy capital contributions of foreign investors reached more than 24.78 billion USD, up 11.6% over the same period in 2023.
FDI capital is primarily concentrated in provinces and cities with significant advantages in attracting foreign investment, such as good infrastructure, stable human resources, administrative reforms, and active investment promotion efforts. Among them, Bac Ninh Province accounted for 18% of total FDI, leading the country in FDI attraction during the first nine months of 2024.
Investment projects in Bac Ninh come from Asian countries like China and Singapore, particularly in the software and semiconductor industries. Investors from China lead with 218 projects, followed by Hong Kong (China) with 37 projects, and Singapore with 36 projects. Additionally, since the beginning of the year, Bac Ninh has adjusted capital for 147 projects (a 22.5% increase), with the adjusted capital increasing by over 2.68 billion USD.
Since the start of the year, the province has issued investment registration for 35 projects with a total registered investment capital of 9,426.354 billion VND. It has also adjusted investment registration for 74 projects, of which 23 projects saw capital increases totaling 1,399.371 billion VND (19 projects had capital increases of 1,909.609 billion VND, while 4 projects saw capital reductions totaling 510.238 billion VND). To date, Bac Ninh has granted investment registration to 1,586 projects for investors, with a total adjusted investment capital of 269,786.131 billion VND.
In September alone, Bac Ninh issued new investment registrations for nine projects, with a total registered capital of 57.8 million USD. Notably, one major project from Singapore invested 44.7 million USD in the real estate sector. Cumulatively, the province now has 2,412 active FDI projects with a total licensed investment capital of nearly 29.3 billion USD.
To achieve these results, provincial leaders have been making concerted and determined efforts, implementing a range of solutions focused on administrative reform, improving the investment environment, enhancing workforce quality, and strengthening investment promotion. Bac Ninh is also working to simplify administrative procedures related to investment, upgrade transportation infrastructure, industrial park facilities, build a transparent business environment, focus on training high-quality human resources, and actively organize investment promotion activities to showcase the province's potential. Furthermore, the province remains committed to advancing reforms, improving the investment and business environment transparently, and addressing difficulties and challenges faced by investors through various communication channels, supporting and providing the best possible conditions for investors, ensuring easy access to planning information, land, infrastructure, workforce training, business opportunities, and priority investment projects. These efforts are part of the strategy to develop Bac Ninh into a centrally governed city and protect investor interests following the law.