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Bac Ninh overtakes HCM City to become nation’s FDI champion
['Vietnam', 'Vietnamplus']
Vietnam+ (VietnamPlus)
Hanoi (VNA) – Following the administrative merger, the northern province of Bac Ninh catapulted to the top of Vietnam's foreign direct investment (FDI) rankings in the first eight months of the year, overtaking Ho Chi Minh City.
Most recently, it poured additional 130 million USD to its project at Nam Son – Hap Linh Industrial Park, raising its total investment there to 540 million USD.
Goertek Chairman Jiang Bin revealed during meetings with local authorities that the corporation has plans to expand its factories in Vietnam, including Bac Ninh.
As of the end of August, Bac Ninh lured 4.68 billion USD in FDI, as compared to nearly 4.4 billion USD injected to the southern economic hub, which also leverages the FDI magnets of Binh Duong and Ba Ria – Vung Tau.
Rounding out the top ten included Hanoi (3.8 billion USD), Dong Nai (2.654 billion USD), Hai Phong (1.7 billion USD), Tay Ninh (1.56 billion USD), Ninh Binh (1.533 billion USD), and Hung Yen (nearly 1.4 billion USD)./.