RoK firms seek investment opportunities in Bac Ninh
A programme to boost connection between businesses of the Republic of Korea (RoK) and those of the northern province of Bac Ninh was held in the province on May 18.
RoK firms seek investment opportunities in Bac Ninh (Photo: VNA)
Bac Ninh (VNA) – A programme to boost connection between businessesof the Republic of Korea (RoK) and those of the northern province of Bac Ninh was held in the province on ꦰMay 18.
Speaking at the event, Standing Vice Chairman of the BacNinh People's Committee Vuong Quoc Tuan said the province has alwaysmade efforts in creating favourable conditions in terms of premises, humanresources, and administrative procedures for investors coming to the locality. The smallest province in the country, yet Bac Ninh has a favourable geographical position and the constant reformefforts of the province’s leaders have created a healthy investment environment ranking top of the country, he noted. Currently, Bac Ninh has 16 industrial parks covering a total area of nearly 6,400 hectares. Of this, 10 havebeen put into operation and two are under construction Speaking highly of the investment environment, potential anddevelopment of the province over the past time as well as efforts in organisingactivities to connect with the RoK’s businesses, RoK Minister Counsellor YoonSang Key expressed his hope that more investment cooperation relations will beestablished between the two sides after the programme. During the event, RoK investors discussedtheir interests of investment areas such as environment, science andtechnology, Korean language training, human resources training, and industrialequipment and electronic components, among others.
On the occasion, relevant departments and agencies introduced the potential, strengths and investment attraction orientations of the province, and answered questions raised by enterprises.
The province is planning toestablish a working team to remove difficulties for businesses in the areas ofinvestment, consജtruction planning, environment, security, and labor trainingin order to create a bridge to help businesses remove difficultie💖s and promotedevelopment.
Among the 39 countries and territories currently investing in Bac Ninh, the RoK is the biggest investor with 960 projects worth nearly 14.34 billion USD, accounting for 60% of the total foreign investment in the province./.
The management board of industrial zones in the northern province of Bac Ninh on April 17 held an investment promotion conference to introduce to enterprises from Taiwan (China) the local business climate as well as policies to attract investors and develop industrial infrastructure.
A working delegation of the northern province of Bac Ninh led by Vice Chairman of the provincial People’s Committee Ngo Tan Phuong attended a workshop in Washington DC on April 20 to promote the locality’s investment opportunities to local businesses.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
RoK firms seek investment opportunities in Bac Ninh (Photo: VNA) 
