Attention has been paid to improving investment management and promotion efficiency; ensuring the rights and interests of investors; strengthening the leadership of Party committees at all levels and the management of authorities, and the engagement of political and social organizations in investment activities.
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A factory of Foxconn in Dong Mai Industrial Park, Quang Ninh province |
The locality has given priority to attracting projects using new and advanced technologies with modern management practices and high-added value, and those with ripple effects that connect to global production and supply chains.
It has also concentrated on developing hi-tech and support industrial zones, specialized industrial parks, and industries in anticipation of the fourth industrial revolution.
So far this year, the local authorities have worked with over 100 delegations of foreign investors who come to explore investment opportunities, and seek to expand their investment in the locality, including big firms such as BP of the U.K.; JTA (Quatar); Jinko Solar and TCL of Hong Kong (China); Lite-On Technology; Tera and Neotek of Taiwan (China); Mitsubishi, Yaskawa Electric, Tamagawa Seiki, and Sojitz (Japan) and China's Pacific Construction Group Ltd (CPCG), and China First Highway Engineering Co., Ltd (CFHEC).
Investment promotion programs were held by the provincial Investment Promotion and Support Board in late August this year at Samsung Electronics Vietnam (the Republic of Korea), VSIP (Singapore), Unilever Vietnam (the UK); and GreatStar Industrial Vietnam Co., Ltd, and Deli Vietnam Co., Ltd of China.
In the first nine months of 2023, the provincial authorities granted new investment licenses to 19 FDI projects worth 826.54 million USD; and approved capital addition for 36 others, lifting total FDI capital poured into the locality to 853.93 million USD, equivalent to 71.2% of the yearly plan.
Quang Ninh now ranks ninth among localities nationwide in attracting FDI.
Source: VNA