According to data from the General Statistics Office, Bac Ninh continues to be an attractive location for foreign direct investment (FDI). For many years, Bac Ninh has not only led in total registered capital but also marked its presence with high-quality capital flows, attracting numerous leading global corporations in electronics, high-tech, and supporting industries. The province is considered a strategic destination in the global supply chain shift towards Vietnam.

New National Highway 3 (Hanoi - Thai Nguyen expressway) overpass connecting Yen Phong II-A Industrial Park with neighboring industrial parks in Bac Ninh. Photo: Western Pacific

Experts attribute Bac Ninh's competitive edge to its early-developed industrial ecosystem, abundant workforce, and a continuously improving investment environment. Crucially, the robust development of transport infrastructure in the Hanoi satellite region is a key driver boosting the province's appeal. The Ring Road 4 project, connecting the Capital Region, is being accelerated. It serves as a backbone linking Bac Ninh with Hanoi, Hung Yen, and international trade gateways such as Noi Bai Airport and Hai Phong Port. By optimizing logistics costs and reducing travel time, industrial parks along this route are becoming a key focus for FDI attraction from 2025 to 2035.

However, Bac Ninh also faces several limitations, such as the increasing scarcity of sufficiently large and contiguous industrial land for immediate handover. Most existing industrial parks are either fully occupied or have only small plots, struggling to accommodate projects of several tens of hectares or more. This presents a significant challenge for FDI investors seeking factory locations during their production expansion phase in the northern industrial hub.

Yen Phong II-A Industrial Park perspective. Photo: Western Pacific

In this context, infrastructure investors regard Yen Phong II-A Industrial Park as a project capable of providing up to 50 hectares of clean, contiguous land with full legal status in the Yen Phong area. Connecting transport infrastructure around the project, including National Highway 18 and the new National Highway 3 overpass linking neighboring industrial parks, was largely completed early this year, enhancing regional connectivity.

Notably, Bac Ninh province approved the plan for Yen Phong II-A Industrial Park with a power capacity of 199,2 MVA, four times the average of nearby areas. According to the Investment Board of Western Pacific Group, the project developer, this robust investment in power infrastructure aims to proactively attract chip, semiconductor, and data center projects. These industries have high power consumption and stringent stability requirements. With a favorable macroeconomic foundation and clear development orientation, modern industrial parks in Bac Ninh are expected to continue being a destination for large-scale high-tech projects, fostering sustainable growth in the province in the coming years.

Thanh Thu