Reaching $745 million, Bac Ninh ranked 2nd in attracting FDI

The recently announced FDI attraction results report of the Ministry of Planning and Investment shows that, cumulatively, from the beginning of the year to March 20, 2024, the total newly registered capital, adjustments and capital contributions, share purchases, and capital contributions from foreign investors reached nearly $ 6.2 billion. This is an increase of more than 13% over the same period in 2023.

Of these, the whole country had 644 new projects granted investment registration certificates, an increase of more than 23% over the same period. Total newly registered capital across the country increased by 58%, reaching more than $ 4.77 billion.

Total newly registered capital across the country increased by 58%, reaching more than $ 4.77 billion. In this report, foreign investors invested in 42 provinces and cities across the country in the first 3 months of 2024. Hanoi leads with a total registered investment capital of nearly $ 971 million, accounting for nearly 16% of total registered investment capital and more than 6 times higher than the same period in 2023.

Bac Ninh ranked second with a total registered FDI capital of more than $ 745 million, accounting for nearly 12% of the total investment capital of the country. Next are Quang Ninh, Thai Nguyen, and HCMC and Dong Nai.

Regarding the number of new projects, Bac Ninh province also ranks second in the country, with a total registered investment capital of nearly $ 500 million with 105 projects, second only to HCMC.

With many advantages in attracting foreign investment such as: good infrastructure, stable human resources, efforts to reform administrative procedures and dynamism in investment promotion, along with Hanoi, Quang Ninh, Thai Nguyen, HCMC, Dong Nai, Ba Ria-Vung Tau, Hung Yen, Bac Giang, Hai Phong, Bac Ninh is one of the localities that attracts many investors to invest capital.

These 10 localities alone accounted for nearly 75% of new projects and nearly 78% of the country's investment capital in 3 months.

Thanks to the efforts of the entire political system in promptly applying many appropriate policies to attract investment, and the drastic participation of all levels and sectors with the same guiding viewpoint and consistency in operations over time, Bac Ninh has ranked 2nd in the country in attracting foreign investment capital in the first quarter of 2024.

In this period's report, the Ministry of Planning and Investment pointed out that the processing and manufacturing industry leads with a total investment capital of nearly $ 4 billion, accounting for nearly 64% of total registered investment capital. The real estate business ranked second with a total investment capital of nearly $ 1.6 billion, accounting for more than 25% of total registered investment capital and increasing nearly 2.1 times over the same period.

Next are the wholesale and retail industries, professional activities, and science and technology with total registered capital of more than $ 224 million and nearly $ 191 million, respectively.

In terms of number of projects, the processing and manufacturing industry is the leading industry in the number of new projects, accounting for nearly 38% and capital adjustments accounting for nearly 62%. The wholesale and retail industry leads in the highest number of capital contribution and share purchase transactions at about 43%.