Investing in Northeast Vietnam – Thai News

Geographic diversity has contributed to the Northeast region’s economic success in recent years. The North is rich in mineral resources (coal, metals, building materials, industrial minerals, etc.), rivers, and lakes, while the South is close to the capital city, Hanoi, and its “corridor” to the sea.

Enterprises involved in high technology, engineering, and energy sectors have also seen rapid growth in recent years. For example, Bac Giang province is one of the major industrial hubs in Northeastern Vietnam supported by a favorable location.

Most recently, Apple contract manufacturer Foxconn stated it would invest an additional US$700 million in Bac Giang to produce Apple’s MacBook and iPad devices from its manufacturing facility.

In the first two months of 2021, Bac Giang attracted over US$588 million in investment, more than four times higher than in the same period last…