Improving the Environment Start to Attract FDI: Case Study of Bac Ninh Industrial Area

Foreign direct investment (FDI) is a particularly important capital flow for growth and international economic integration, contributing to additional capital, technology, management capacity, business ability, and organizational ability. And participate in the global supply chain. The negative impact of the COVID-19 pandemic and the rapid and complex changes in the world have forced countries to readjust their FDI policies and strengthen the investment environment to attract FDI. The situation of attracting foreign direct investment (FDI) across the country and Bac Ninh province is slowing down. This change shows that competition is becoming more and more fierce and the pressure to attract FDI is increasing at an increasing level. The causes leading to the decline in FDI flows have many factors, however, they are mainly related to the business investment environment, absorption capacity and preparation to receive large capital flows. This article studies the current status of FDI attraction as well as the investment environment in Bac Ninh industrial area. From there, the article proposes solutions to enhance the investment environment to attract FDI in Bac Ninh industrial area.