Why choose Bac Ninh, Vietnam?

1. Vietnam's annual economic growth rate for 2024 is expected to be around 6.8-7%, exceeding the target set by the National Assembly (6-6.5%), making it one of the few high-growth countries in the world and highly praised by international organizations.

2. In terms of foreign direct investment in Vietnam, as of November 2024, there has been a significant increase in attracting foreign direct investment, with a total of nearly 31.4 billion US dollars in newly registered capital, adjusted capital contributions, and purchased shares, an increase of 1% compared to the same period in 2023.

3. The wage level in Vietnam is relatively low among ASEAN countries, and competitive wages have contributed to the rise of the Vietnamese economy.

4. By 2024, Bac Ninh Province has achieved the 19/19 target and achieved significant results in attracting investment, with a total investment of 5.04 billion US dollars, accounting for 16% of the country's total foreign investment absorption.

5. By 2024, the total investment attraction rate for industrial parks and sectors will exceed 90%, bringing the province's foreign investment absorption to over 30 billion US dollars, ranking sixth in the country and contribute to maintaining the province's industrial production.

6. The industrial output value of Bac Ninh ranks first in the country. The total import and export volume is 71.9 billion US dollars, ranking second in the country;

7. In the fields of high-tech and semiconductor technology, Bac Ninh Province has attracted investment of 3 billion US dollars in the semiconductor industry. Bac Ninh Province is also a place dedicated to commercial investment and administrative reform, creating the most favorable conditions for investors. At the same time, it is also the first place in the country to issue the resolution of the Provincial People's Congress on training support for the semiconductor field and semiconductor industry.

8. By 2025, Bac Ninh Province will focus on attracting investment to develop the information technology industry, developing information technology concentration parks, creating a "Silicon Valley", and attracting the production and application of artificial intelligence technology and semiconductor technology.

9. Numerous international giants, such as Samsung ACC、 Gore LG、 High tech electronics companies such as Microsoft, Foxconn, Sumitomo, Canon, THK Vietnam, and Nokia have all invested and developed in Bac Ninh, Vietnam. Bac Ninh has become the most densely populated region for international manufacturing giants in the global electronics industry and is undoubtedly the capital of the Asian electronics industry.

10. Bac Ninh has a superior geographical location, located in the center of northern Vietnam, only 30 kilometers away from the capital and airport, with good transportation and geographical advantages.