The northern province of Bac Giang aims to attract approximately $1.5 billion in foreign direct investment (FDI) capital in 2025, according to Mr. Nguyen Viet Oanh, Chairman of the Provincial People's Committee.

To achieve this goal, the northern province is focusing on developing an "industrial ecosystem" model, integrating industrial zones with urban areas and service hubs featuring modern and synchronized technical and social infrastructure.

Bac Giang will continue to restructure its industrial sector by prioritizing investment in processing and manufacturing industries while reducing the share of assembly and outsourcing activities. Additionally, it seeks large-scale industrial projects utilizing high technology, smart manufacturing, artificial intelligence (AI), green transition and clean energy, particularly in high-value semiconductor manufacturing to enhance global supply chain integration.

In the commercial and service sectors, the province is committed to developing a modern, competitive, and high-quality service industry. Key focus areas include urban and industrial zone commercial services, transport and logistics, financial and banking services, tourism (particularly resort and entertainment facilities).

Bac Giang aims to position itself as a key logistics and trade hub in the northern midland and mountainous region.

For the agricultural sector, the province is encouraging large enterprises to invest in processing, preservation, and distribution of key agricultural and forestry products such as lychee, processed vegetables, poultry, pork, and timber. The focus is on large-scale, high-tech production that meets VietGAP, GlobalGAP, and organic farming standards while also developing new OCOP (One Commune One Product) items that align with local strengths.

Mr. Oanh emphasized that in 2025, Bac Giang will adopt a targeted approach to FDI attraction, carefully selecting markets and partners to avoid high-risk areas and potential trade disputes. The province will prioritize green investment, high-tech industries, support industries, and advanced management practices. Digital technology will be increasingly applied in investment promotion and regulatory oversight.

Additionally, Bac Giang is implementing programs to connect local businesses with global supply chains, creating a competitive edge to retain investors and attract high-quality projects. The province is proactively engaging investors through various channels, including influential individuals, business associations, international organizations, reputable consulting firms, investment funds, and key decision-makers to bring high-value projects to Bac Giang.

In 2024, Bac Giang attracted over $2.23 billion in total investment. This included 29 new domestic direct investment (DDI) projects with registered capital exceeding VND20.07 trillion ($797.29 million) and 73 new FDI projects with registered capital of over $507 million. Additionally, 24 domestic projects received capital increases, totaling more than VND 2.79 trillion ($110.8 million), while 74 FDI projects saw capital increases amounting to over $782 million.