Improve competitiveness, promote investment

Over the first 9 months of 2024, with many positive solutions in improving the investment and business environment, enhancing competitiveness and investment promotion, Quang Ninh province has achieved many important results in attracting investment, especially attracting foreign direct investment (FDI).

Jinko Solar Industrial Co., Ltd. (Vietnam) factory in Song Khoai Industrial Park (Quang Yen Town) has completed all construction items and is operating stably.

Outstanding advantages to attract investment

Determining that the creation of advantages to attract investment must first come from real values, outstanding potentials and distinct advantages, Quang Ninh province has been determined in leadership, direction, administration, improving the investment and business environment, supporting investment, supporting enterprises... In the Resolution on the direction and tasks of the year, priority is given to emphasizing targets, tasks and solutions to strongly promote administrative reform (AR), improve the investment and business environment. Since the beginning of 2024, the Provincial People's Committee has issued nearly 20 documents directing the implementation of work to improve the investment and business environment and support enterprises. Most of them focus on giving specific tasks and solutions for difficult tasks and "bottlenecks", such as: Tasks and solutions to remove difficulties for production and business, continue to promote administrative procedure reform, tighten discipline and order; support enterprises, cooperatives and business households to improve operational efficiency and sustainable development; Improve the efficiency of handling administrative procedures, provide public services to serve people and businesses; support small and medium enterprises; develop enterprises, creative startups and develop key products, build the Quang Ninh brand...

The task of reforming administrative procedures continues to receive attention and direction, aiming to better serve people and businesses. Up to now, all 1,758 administrative procedures under the province's jurisdiction have been reviewed, restructured, and processing time has been reduced compared to regulations; maximum decentralization and authorization has been given to officers to appraise and approve documents right at public administrative centers; 100% of administrative procedures have been developed with procedures to ensure clear identification of people, tasks, and processing times, and posted and publicized by QR codes at public administrative offices, the provincial electronic information portal, the provincial public service portal, and the national public service portal... In the first 9 months of 2024, the rate of processing administrative procedures for people and businesses on time and before the deadline reached 99.8%; the rate of satisfaction and very satisfaction of people and businesses with the service of state agencies reached over 99%.

Staff of the Provincial Public Administration Service Center resolve administrative procedures to serve people and businesses.

Evaluating the administrative service of Quang Ninh province, Mr. Roy Shen, Senior General Director of the E-business unit, Foxconn Group, shared: In the process of seeking investment opportunities in Vietnam, we unanimously assessed Quang Ninh as the locality with the best, fastest and most effective administrative service. Learning about investment in the locality, we have access to the most public, transparent, open-minded information, and quick administrative procedures. The two projects of FECV Foxconn Quang Ninh Factory and FMMV Foxconn Quang Ninh Factory of Foxconn Singapore PTE LTD invested by our Group in Song Khoai Industrial Park (Quang Yen Town) with a total capital of nearly 250 million USD were granted investment registration certificates in just 12 working hours from the time the documents were submitted online through the province's Public Service Portal. Quang Ninh's administrative service system not only helps reduce costs, transaction time, and optimize the process of handling administrative procedures, but also creates publicity and transparency in the inspection and supervision mechanism, preventing harassment, negativity, and bureaucracy... making the business community and investors extremely satisfied.

Quang Ninh province always pays attention to listening, sharing and removing difficulties for businesses and investors with a proactive and decisive spirit. There are solutions to help businesses overcome challenges in capital, human resources and market expansion. Departments, branches, sectors and localities in the province regularly organize specialized conferences to meet, listen and remove difficulties and obstacles for businesses; organize the Business Cafe program with the theme "Removing obstacles in policies"; work with businesses with proposals and recommendations on the field of natural resources and minerals every Saturday... From the beginning of 2024 up to now, the province has worked with 600 businesses. Thereby, hundreds of opinions, recommendations and difficulties have been listened to, recorded and resolved, helping businesses and investors in the province have increasingly good conditions to stabilize production and business activities.

Department of Planning and Investment, IPA in coordination with Provincial Business Association organized the program "Business Cafe" to discuss policies and remove difficulties for businesses.

Outstanding achievements

From the beginning of 2024 until now, investment promotion activities have continued to be closely followed and actively implemented by departments, branches and functional units, focusing on activities of searching for and receiving investor delegations, connecting activities, promoting the potential and strengths of the province through conferences, seminars and major events of the province. Thereby, receiving much attention from diplomatic agencies, international organizations, business communities, domestic and foreign investors.

Up to now, all specialized investment promotion data of the province, such as: Investment information, planning data, project information, list of projects calling for investment attraction, investment incentive policies and mechanisms, information on potential, strengths, investment and business environment... have been digitized via QR codes in 5 languages (Vietnamese, English, Japanese, Korean, Chinese) on the Investment Promotion Electronic Information Portal and sent to investors and businesses who need to learn and research investment in the province.

The Provincial Economic Zone Management Board awarded the investment certificate for the Gokin Solar Hai Ha Vietnam photovoltaic monocrystalline silicon panel and monocrystalline silicon bar project to the representative of Gokin Solar Company, February 2024.

Along with the promotion and calling work, the investment promotion task has also been well implemented, achieving many positive results. Since the beginning of the year, there have been 3 major events organized to promote investment in the province: The Spring Meeting Program of Giap Thin 2024 "Quang Ninh Convergence and Spread"; Conference to promote, advertise and attract investment and tourism in Quang Ninh on the occasion of the Clipper Race round- the-world sailing team's arrival in Quang Ninh in the 2023-2024 season and the Conference on sustainable development of marine aquaculture. Through the events, the image, potential strengths, investment and business opportunities of Quang Ninh have been promoted and introduced to more than 300 delegates from embassies, international organizations, international business associations in Vietnam, domestic and foreign investors.

The provincial functional departments and branches continue to maintain and promote cooperation with major investors through diplomatic agencies, international organizations and consulting units, ministries, branches and central agencies to seek support in introducing investors who intend to explore investment opportunities in Vietnam, organize domestic and foreign investment promotion activities and propose consulting support solutions to promote investment attraction in Quang Ninh in the coming time. Many potential investors from markets such as: Korea, Japan, Indonesia, Norway, Brazil, Japan, Saudi Arabia, Dubai... have been researching investment in Quang Ninh in many key sectors and fields such as seaports, logistics, tourism services, finance, energy, digital economy, healthcare, education...

Production activities at Competition Team Technology Vietnam Co., Ltd., a member of Foxconn Group, in Dong Mai Industrial Park (Quang Yen Town).

In the first 9 months of the year, the Provincial Investment Promotion and Support Board hosted and worked with 30 delegations of large enterprises and investors, such as: Maybank Vietnam Company Delegation, Foxconn Group and associates, Ambassador Extraordinary and Plenipotentiary of the United Kingdom and Ambassador of Indonesia to Vietnam, Jinko Solar Company Limited, B.Grimm Power Public Joint Stock Company, HH China Construction Group Company... Many corporations and enterprises have invested in projects in Quang Ninh, such as: Foxconn Group, Jinko Solar Group, Marubeni Group, Chongqing Investor Delegation...

By the end of September 2024, the province's attraction of foreign investment capital outside the budget reached over VND 18,965 billion; total FDI capital reached over USD 1.7 billion (nearly 2 times higher than the same period in 2023). The province newly granted investment registration certificates to 26 FDI projects (1.4 times higher than the same period) and adjusted to increase capital for 17 projects. The projects attracted in the province in the past 9 months were of high quality, including 3 projects with an investment capital of over USD 200 million, including: Gokin Solar Hai Ha Vietnam Monocrystalline Silicon Panel and Monocrystalline Silicon Bar Photovoltaic Project in Texhong - Hai Ha Industrial Park of Gokin Solar Company Limited (Hong Kong), with an investment capital of nearly USD 275 million; Smart System project at Bac Tien Phong Industrial Park of Foxconn Singapore Pte Ltd, with an investment capital of more than 287 million USD and Smart Entertainment Product project at Song Khoai Industrial Park of Foxconn Singapore Pte Ltd, with an investment capital of nearly 264 million USD.

Thanh Cong Viet Hung Automobile Factory (Viet Hung Industrial Park, Ha Long City) is in the process of assembling, testing and calibrating the production line, ready to be put into operation by the end of 2024.

FDI projects in the province have disbursed more than 844 million USD, equal to 102.5% of the same period in 2023. Total revenue from production and business activities of FDI enterprises reached about more than 4.7 billion USD; total import-export turnover is estimated at more than 4.2 billion USD. The FDI sector has contributed nearly 102 million USD to the state budget, equivalent to over 1,417 billion VND and is currently creating jobs for about 48,300 workers. Compared to the same period in 2023, total realized investment capital increased by 2.5%; total revenue of FDI enterprises increased by 48.2%; export turnover and import turnover increased by 8.9% and 7.5% respectively; state budget revenue increased by 30.5%; total number of workers in the FDI sector increased by 13.7%...

Source