Sustained leadership in growth

Driven by the strong performance of major foreign-invested firms like Luxshare-ICT Van Trung and Fukang Technology, Bac Giang’s economy showed resilience.

Semiconductor product inspection at Hana Micron Vina Company Limited in Van Trung Industrial Park.

Luxshare-ICT reported Q1 revenue of 26,824 billion VND (1.16 billion USD), up 38.24% year-on-year, while Fukang Technology’s revenue reached 35,465 billion VND, nearly 2.7 times higher than a year ago.

Newcomer Fulian Precision Technology Component posted nearly 6,000 billion VND in revenue after just three months of operation. Their contributions pushed Bac Giang’s industrial production and overall economic performance.

According to the provincial Statistics Office, Bac Giang's GDP growth in Q1 2025 was estimated at 14.02%, the highest nationwide. Industrial and construction sectors grew by about 17.24%, agriculture, forestry and fisheries by 1.05%, and services by 5.79%. State budget revenue rose 31% to over 6,400 billion VND. Average per capita income reached 5.16 million VND per month, up 1.33% year-on-year.

Dong Van Sung, head of the provincial Statistics Office, noted that industry and construction contributed over 12.68 percentage points to overall growth, with electronics, computers and optical products accounting for 53.4% of added value.

Provincial leaders attributed this success to consistent efforts in improving the investment climate, simplifying administrative procedures, supporting businesses, and developing a clean land fund and skilled workforce.

Bac Giang’s industrial development strategy emphasizes sustainable foreign investment with the "1 no, 2 less, 3 high" approach (no pollution, low land and labor use, high technology, capital, and economic efficiency) and "5 readiness" (land, human resources, investment environment, investor support, pandemic control).

Keeping growth on track

Chairman of the provincial People’s Committee Nguyen Viet Oanh emphasized that Bac Giang targets 14–15% growth for 2025, higher than the national average of 13.6%.

In early 2025, almost all socio-economic targets were surpassed. The province assigned 105 specific tasks to departments and agencies, speeding up transportation, industrial, and digital infrastructure projects.

The Government recently praised Bac Giang for its proactive approaches, including establishing task forces to resolve project hurdles, accelerating implementation and operations.

For Q2, Bac Giang forecasts stable production. Key drivers include a bumper lychee harvest boosting agriculture and steady output from foreign electronics manufacturers, though growth may slow as it is not a peak shopping season.

Public investment disbursement is expected to increase, with Q2 growth estimated at about 13.8%.

The province will closely monitor monthly growth scenarios, support small and medium-sized enterprises in market expansion, accelerate public investment disbursement, facilitate industrial park projects, attract secondary investors and promote agricultural production, especially lychee sales.