Investment

According to the Resolution which takes effect on September 20, 2026, the centrally-run city of Bac Ninh will be established based on the entire natural land area and population size of the current Bac Ninh Province.

Among the nine core principles identified by the smart city project, the most notable is the order of priority: placing citizens and businesses at the center; using data as the foundation; ensuring interconnection, integration, and shared usage; guaranteeing information security and privacy.

With the Urban Development Law passed on August 24, the overarching legislation establishes a modern legal framework designed to eliminate institutional bottlenecks in urban development...

This initiative is part of the city's economic development strategy, aiming to maximize the advantages of its geographical location and infrastructure.

The resolution approved by the National Assembly on August 24 will take effect from September 1, 2026.

The amended Petroleum Law focuses on five major policy groups: simplifying procedures and increasing decentralization; refining regulations on petroleum contracts and activities; investment incentive policies; developing the value chain, high-tech technical services, and offshore energy; and establishing a legal framework for emission reduction and Carbon Capture and Storage (CCS).