Many FDI enterprises expand investment scale in Bac Ninh
Legend Bright Circuit Technology Co., Ltd. (Vietnam) is a subsidiary of Kingboard Group (Hong Kong, China). This enterprise is deploying an electronic circuit board factory in Gia Binh II Industrial Park (Bac Ninh province) with a total investment of nearly 74 million USD.
The project started in the fourth quarter of 2024, and has basically completed construction items, and is also implementing procedures and preparations to install machinery and equipment, and conduct trial operations according to plan.
The company also plans to increase investment capital by an additional 34 million USD, raising the total investment capital to 108 million USD.
Talking to a reporter of Lao Dong Newspaper, Mr. Ly Phap Tieu - General Director of Legend Bright Circuit Technology Co., Ltd. said that thanks to the timely support of provincial functional sectors, procedures were quickly resolved, helping to accelerate the project progress. From there, the enterprise decided to continue to expand the scale of investment in Bac Ninh.
Legend Bright is just one of a series of FDI enterprises that have and are expected to expand investment scale in Bac Ninh province.
In the first 7 months of 2026, Bac Ninh province attracted more than 13.8 billion USD of converted investment capital, of which FDI alone attracted over 2.7 billion USD, ranking 4th in the country.
On August 5, Bac Ninh awarded capital increase certificates to 8 FDI projects operating in industrial parks with a total additional registered capital of about 795 million USD.
This result shows that FDI enterprises continue to trust Bac Ninh's investment and business environment and are assured to expand their scale.
Improving the capacity of domestic enterprises
According to Vice Chairman of Bac Ninh Provincial People's Committee Pham Van Thinh, from now until the end of 2026, the province will continue to promote international economic integration, attracting high-quality foreign investment capital into the area.
The province implements activities to support businesses in improving management capacity, technical capacity, building and developing brands; supporting businesses to participate in regional and global production chains, value chains and supply chains.
In particular, Bac Ninh will also strengthen the implementation of programs to connect domestic enterprises with multinational corporations and FDI enterprises in the area to promote the formation and development of a domestic supplier network.
At the same time, organize regional and international-scale specialized fairs and exhibitions in Bac Ninh province; encourage businesses to participate in international fairs and exhibitions to promote products and expand markets...
Through this, Bac Ninh province aims to maintain stable and sustainable economic growth; selectively attract foreign investment, associated with technology transfer, supporting industry development and deeper participation in regional and global value chains.
Bac Ninh is also focusing on implementing solutions to break through in the last months of the year, striving to complete the growth target of 12.5-13% according to the set scenario.
Bac Ninh ranks 6th in the country in GRDP growth rate
After the merger, Bac Ninh province has more development space, larger economic scale and stronger regional linkage capacity. In the first 6 months of 2026, the province's GRDP growth rate reached 10.56%, ranking 6th in the country and belonging to the group of 9 localities achieving double-digit growth; export turnover reached 52.5 billion USD, an increase of 31.49%, continuing to lead the nation.
However, many opinions point out that Bac Ninh's economy is currently heavily dependent on the FDI sector; the competitiveness and ability to deeply participate in the global value chain of domestic enterprises are still limited; investment attraction has not created many breakthroughs for large-scale, high-tech, and spreading projects.
