Quang Ninh continues to attract quality FDI capital

In the first half of 2024, Quang Ninh attracted 1.55 billion USD in foreign direct investment (FDI), equal to 52% of the yearly plan and an increase of 118% over the same period.

According to the report at the recent 19th Session of the 14th Quang Ninh Provincial People's Council, term 2021-2026, Quang Ninh province's foreign direct investment (FDI) attraction reached 1.55 billion USD, ranking 3rd in the country in attracting FDI (after Bac Ninh and Ba Ria - Vung Tau provinces), accounting for 10% of the total FDI attraction in the country of 15.2 billion USD.

There are 22 newly licensed investment projects, most of which are in the processing and manufacturing industry, in line with the goals and orientations for attracting investment and development of Quang Ninh.

Recently, Quang Ninh province has granted investment certificates to two projects of Foxconn Singapore PTE Ltd, a member of Foxconn Group, to be implemented at Song Khoai AMATA Industrial Park and DEEP C Quang Ninh 2 Industrial Park (both in Quang Yen town).

On July 3, Mr. Cao Tuong Huy, Chairman of the People's Committee of Quang Ninh province, awarded the investment registration certificate to Foxconn Group. Photo: Thanh Tan

This group has invested in Quang Ninh since 2019 with the S-Vietnam Project in Dong Mai Industrial Park, with an investment capital of 137 million USD. By 2023, Foxconn will continue to invest in 2 more projects with a total investment capital of 246 million USD in Song Khoai AMATA Industrial Park. And with 2 investment projects of over 550 million USD this time, Foxconn Group has invested in a total of 5 projects in Quang Ninh province with a total capital of nearly 1 billion USD.

In addition, some projects can be mentioned as: Gokin Solar Hai Ha Vietnam monocrystalline silicon wafer and photovoltaic monocrystalline silicon bar project in Texhong Hai Ha Industrial Park, Hai Ha district, invested by Gokin Solar Company (Hong Kong - China), with a total investment of 274.8 million USD; Project for manufacturing plastic molded components, assembly and molds invested by Tenma Vietnam Co., Ltd. (56 million USD); Project for manufacturing bearings and linear motion equipment invested by IKO Thompson Vietnam Co., Ltd. (57 million USD)...

Workers of Competition Team Technology Vietnam Co., Ltd. (Dong Mai Industrial Park, Quang Yen Town) check products. Photo: Quang Ninh Newspaper

On July 9, at Hai Ha Seaport Industrial Park, Hai Ha District, Quang Ninh Province, the launching ceremony of the textile project of Black Peony Textile Company Limited (BP) Vietnam with a total investment capital of 71.1 million USD took place. This is one of four projects attracting investment in Hai Ha District from the beginning of 2024 with a registered capital of 387.235 million USD.

Identified as one of the key industrial development centers of Quang Ninh province, Hai Ha Seaport Industrial Park is located in the development space orientation of the province "One center, two routes, multi-dimensional and two breakthroughs". In which, Hai Ha district is located in the Eastern Corridor of the province, aiming to connect the Northeast Asia market, located in the 2nd Breakthrough Point which is Mong Cai Border Gate Economic Zone.

Up to now, the number of licensed FDI projects in Quang Ninh province is 196 projects with a total registered capital of over 15.293 billion USD. Of which, Quang Yen town has 69 projects with a registered capital of over 5.4 billion USD; Cam Pha city has 8 projects with a registered capital of over 4.2 billion USD, Hai Ha district has 29 projects with a registered capital of over 3 billion USD; Ha Long city has 56 projects with a registered capital of over 1.8 billion USD.

With the view of effectively using non-budgetary capital for development, FDI is an important driving force, promoting the acceleration of the industry in the new period. Quang Ninh has determined the theme of the year as "Improving the quality of economic growth; developing culture and people rich in Quang Ninh identity", in which focusing on attracting and improving the quality of FDI is one of the key tasks.

A corner of the Song Khoai Amata Industrial Park. Photo: Amata

It can be seen that, to achieve the above results, right from the beginning of the year, Quang Ninh province has directed and assigned departments, branches, sectors and localities of the province to focus on improving and enhancing the quality of the investment and business environment, removing difficulties, accompanying and supporting businesses. At the same time, the province has issued resolutions and plans on orientations for perfecting institutions and policies, improving the quality and effectiveness of foreign investment cooperation until 2030, in which it sets out targets and solutions to attract FDI in the short, medium and long term.

In addition, Quang Ninh is accelerating the development and completion of a synchronous, modern infrastructure system, ensuring connectivity and comprehensiveness. In addition, the province has established working groups to remove difficulties and obstacles in site clearance and filling material sources to speed up the implementation of key projects and works, and support investors.

Source: https://baodautu.vn/quang-ninh-tiep-tuc-thu-hut-nguon-von-fdi-chat-luong-d219781.html