Vietnam plans to upgrade its two largest FDI destinations, Bac Ninh and Quang
Ninh, to centrally governed 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.
