Bac ninh: 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. 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.
According to Vietnam News Agency, this significant shift in FDI rankings highlights Bac Ninh’s growing appeal to international investors and its strategic position in Vietnam’s economic landscape. The province’s ability to attract substantial foreign investment is seen as a testament to its favorable business environment and government policies aimed at boosting economic development.