Vietnam plans to upgrade its two largest FDI destinations, Bac Ninh and Quang Ninh, to centrally govern cities to accelerate development of Samsung’s manufacturing cluster and the Ha Long Bay area. The National Assembly is scheduled to vote on the pr

2026-08-18

Vietnam plans to upgrade its two largest FDI destinations, Bac Ninh and Quang Ninh, to centrally govern cities to accelerate development of Samsung’s manufacturing cluster and the Ha Long Bay area. The National Assembly is scheduled to vote on the proposal at the end of the month and the measure is widely expected to pass. Bac Ninh has been a key Samsung manufacturing base since the company opened its first phone plant there in 2008; Foxconn, GoerTek and Luxshare have also established factories in the province. Matthew Powell of CBRE says the change is intended to push Bac Ninh and Quang Ninh toward higher‑tech, higher value‑added industries and to unlock the next phase of capital growth potential.

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