Overview of FDI Attraction Situation
Bac Giang has affirmed its position as the leading center for attracting foreign investment in the North, with impressive achievements in the first half of 2025. According to a report by the Department of Planning and Investment of Bac Giang, in the first 6 months of 2025, it attracted 47 new FDI projects with a total registered capital of nearly 910 million USD, an increase of more than 35% over the same period last year. Of which, about 62% of FDI capital is focused on the field of manufacturing electronic components and high technology.
The overall scale shows that from 2010 to 2023, Bac Giang has attracted more than 500 FDI projects with a total capital of over 9 billion USD. In particular, the province aims to attract about 1,5 billion USD in FDI investment activities by 2025.
Synchronously Developed Industrial Park System
Scale and Structure of Industrial Park
Currently, Bac Giang has 16 industrial parks with a total planned area of 3.683,94 hectares, of which 8 industrial parks have been put into operation and 8 industrial parks are building technical infrastructure. According to the plan by 2030, the whole province will have 29 industrial parks with a total area of 7.000 hectares.
2024 marks an important milestone when the province has 6 newly established and expanded industrial parks - the largest number ever. Of which, 4 newly established industrial parks include: Phuc Son (Tan Yen), Chau Minh - Bac Ly - Huong Lam, Hoa Yen, Xuan Cam - Huong Lam all in Hiep Hoa district and 2 expanded industrial parks: Viet Han (Viet Yen town), Yen Lu (Bac Giang city).
Key Industrial Parks
Quang Chau Industrial Park is the largest and most important industrial park in the province with an area of 426 hectares, attracting more than 40 projects with a total investment capital of 2,8 billion USD. This is the headquarters of many global corporations such as Foxconn, Nichirin, Oji (Japan), Crystal Martin, LuxShare-ICT, JA Solar (Hong Kong).
Van Trung Industrial Park with an area of 350,3 hectares has attracted high-tech projects, especially from Sunwoda Group - a major Chinese battery manufacturer.
The attraction of global technology corporations
Foxconn – Technology Leader
Foxconn Group has become the largest FDI enterprise in the province, with 11 projects since 2007, total capital of more than 2,2 billion USD and employing about 80.000 workers. In 2024, revenue will reach 268.000 billion VND, export of more than 11 billion USD.
Notably, Foxconn has committed to invest an additional $80 million in a chip manufacturing project in Quang Chau Industrial Park through Shunsin Technology Vietnam Co., Ltd. The project will produce 4,5 million integrated circuit products per year, 100% of which will be exported to the US, EU, and Japan.
Samsung Supply Partner
Bac Giang currently has about 13 component manufacturing facilities for Samsung, including S-Connect BG Vina, Si Flex, Gigalane, and Jeil Tech. This makes Bac Giang the only province where both Apple’s supply partners (via Foxconn) and Samsung have factories.
Other Investors
Sunwoda – China’s largest battery manufacturer is planning to invest 300 million USD in a new project in Yen Lu Industrial Park. In addition, investors from Korea and Japan are also interested in other potential areas such as renewable energy, precision mechanics and supporting industries.
Regional Competitive Advantage
Strategic Geographical Location
Bac Giang is located adjacent to the "economic development triangle" of Hanoi - Hai Phong - Quang Ninh, on the Nanning (China) - Lang Son - Hanoi - Ho Chi Minh City economic corridor. The synchronous transportation system with the Hanoi - Bac Giang - Lang Son expressway, railway and National Highway 1A helps shorten the transportation time to seaports and Noi Bai airport.
Competitive Costs
The average rental price of industrial land in Bac Giang is only 90-110 USD/m²/rental period, about 20-30% lower than in Bac Ninh. According to a survey from the Institute of Construction Economics, the average rental price of industrial parks in the North is about 137 USD/m²/remaining term, 28% lower than in the South (175 USD/m²).
Modern Infrastructure
In particular, the 4 km long Ring Road 112,8 of the Capital Region is being synchronously deployed, with the first phase expected to open to traffic by the end of 2026. The Northern region owns about 61% of the total length of expressways in Vietnam, including the 600 km long Lao Cai - Quang Ninh expressway.
Incentive and Support Policy
Bac Giang applies a flexible FDI attraction policy with the criteria of "1 no, 2 little, 3 high and 5 ready": no environmental pollution; little land use, little labor use; high technology, high investment capital, high economic efficiency; ready land, high-quality human resources, procedural reform mechanism, support to solve difficulties.
In particular, Bac Giang ranked 4th in the country in terms of administrative reform index and 9th in terms of digital transformation index in 2023. The province is also the first locality to apply 100% digital signature from the commune level and above.
Contribute to the Economy
- Impressive Economic Growth: From 2022 to now, Bac Giang has continuously achieved double-digit economic growth and led the country. In 2022, it reached 19,3%, in 2023 it reached 14,99%, in 2024 it reached 13,85%. The scale of GRDP in 2024 is estimated at 207 trillion VND, of which the FDI sector accounts for 45,5%.
- Job Creation and Export: Enterprises in the industrial park are creating jobs for more than 227.000 workers – the highest level ever. Export turnover in 2023 will reach more than 27,4 billion USD, an increase of 22,3%, bringing the province to 6th place in the country.
Development Prospects
Manufacturing Shift Trends
Amid shifting global supply chains, the North accounted for 59% of newly registered FDI in manufacturing, equivalent to US$5,3 billion, compared to 38% in the South. This reflects the trend of investors seeking reasonable production costs and abundant industrial land supply.
High Technology and Semiconductors
Bac Giang aims to attract projects in the semiconductor industry with high added value, connecting the global production and supply chain. Foxconn's investment in chip manufacturing and other high-tech projects shows the province's strong development potential in this field.
Developing Industrial Ecosystems
Bac Giang's vision is to build a comprehensive industrial and service ecosystem, connecting industrial parks with urban areas and services with synchronous technical and social infrastructure. The demand for housing for experts, engineers, and highly skilled workers is creating great opportunities for the real estate market.
Bac Giang has proven strong attraction in attracting high-quality FDI projects, especially in the technology and electronics sectors. With geographical advantages, competitive costs, modern infrastructure , and flexible incentive policies, the province is becoming one of the priority destinations of international investors.
The combined forces of Bac Ninh and Bac Giang form strong industrial growth of the North, ready to welcome the new wave of investment and actively contribute to the socio-economic development of the region and the whole country.
