With favorable locations, close to seaports, highways, and airports, along with synchronous and modern technical infrastructure investment, industrial parks (IPs) and economic zones (EZs) in Quang Ninh province have been creating great attraction, becoming a safe "landing place" for foreign direct investment (FDI) capital flows.
FDI capital flows increase every year
According to the Provincial Planning for the period 2021-2030, with a vision to 2050 approved by the Prime Minister (Decision No. 80/QD-TTg, dated February 1, 2023), Quang Ninh province has 23 industrial parks (7 industrial parks have been established to date) and 5 economic zones. These are all key areas that attract a large number of domestic and international investors, especially FDI capital flows.
To ensure sufficient conditions to attract investment and increase the attractiveness of FDI capital, investors of industrial parks have recently made efforts to fulfill their commitments according to the investment registration certificates, and to fully complete the construction of synchronous and modern technical infrastructure in the industrial parks. The Standing Committee of the Provincial Party Committee, the Provincial People's Council - Provincial People's Committee regularly lead, direct and urge relevant departments, branches, sectors and localities to closely follow the development orientation of the province, closely coordinate and advise the province to list projects and industrial park areas to promote and attract investment; issue policies to encourage and support investment; review and reduce administrative procedures; regularly organize meetings, listen, support and promptly remove difficulties and obstacles for businesses.
Mr. Pham Xuan Dai, Head of the Provincial Economic Zone Management Board, said: The Board has closely coordinated with industrial park investors and local authorities where the industrial parks are located to accelerate site clearance and create clean land funds to attract investment. In particular, it focuses on new-generation FDI capital flows with capable and experienced investors, using green and clean industries, reducing land use area, increasing high-tech products based on exploiting potentials and strengths in terms of geographical location, infrastructure, human resources and local conditions, positively impacting local enterprises, especially in the field of supporting industries.
According to statistics from the Department of Planning and Investment, the amount of FDI capital attracted to industrial parks and economic zones each year is higher than the previous year. From 2021 to July 2024, the amount of FDI capital attracted to Quang Ninh reached about 8.4 billion USD (equivalent to 201,000 billion VND); in which industrial parks and economic zones have a large advantage. Typically, in 2023, the total capital attracted to FDI reached over 3.24 billion USD, equal to 314% of the target set by the Resolution of the Provincial Party Committee and the Provincial People's Council in 2023, equal to 127.8% compared to 2022, ranking 3rd in the country in attracting FDI capital.
In the first 7 months of 2024, the total FDI capital attracted to the industrial parks and economic zones of the province reached over 1.55 billion USD, equal to 52% of the annual plan (3 billion USD); of which 21 FDI projects were newly licensed, 31 FDI projects were adjusted to increase capital. Some typical FDI projects newly licensed, such as: Gokin Solar Hai Ha Vietnam monocrystalline silicon wafer and photovoltaic monocrystalline silicon bar project at Hai Ha Seaport Industrial Park (Hai Ha district), total investment of 275 million USD; Project to produce bearings and linear motion equipment at Amata Song Khoai Industrial Park (Quang Yen town), total investment of 57 million USD.
There is still a lot of room for attraction.
Of the 7 established industrial parks, Cai Lan Industrial Park (Ha Long City) has been filled, the remaining 6 industrial parks still have a lot of room to attract FDI capital investment, especially the industrial parks in the coastal economic zone of Quang Yen. Particularly in Song Khoai Industrial Park, this is the time that attracts the most FDI investors, so in 2024, the province aims to attract FDI capital to Song Khoai Industrial Park to reach 1.5 billion USD, accounting for 50% of the plan to attract FDI capital to Quang Ninh in 2024.
Since the beginning of 2024, Song Khoai Industrial Park (Quang Yen Town) has attracted 500 million USD, and is actively coordinating with local authorities and the Provincial Economic Zone Management Board to accelerate site clearance in phase 2 and phase 3. Mr. Nguyen Van Nhan, General Director of Amata Ha Long Urban Joint Stock Company, said: The goal of attracting 1.5 billion USD of FDI capital to Song Khoai Industrial Park in 2024 is completely feasible. However, the difficulty at this time is that the unit does not have a clean site. The unit has been working with a number of investors from Taiwan, Europe, Singapore, Korea, Japan, etc. If the remaining clean site area of phase 2 and 3 is soon handed over, 1 billion USD from now until the end of the year is feasible.
To ensure the goal of attracting sustainable and long-term FDI capital to the province in general, and industrial parks and economic zones in particular, Quang Ninh is developing solutions to improve the effectiveness of promoting and attracting FDI with very specific tasks and goals. In particular, continuing to promote attracting investors to build and complete technical infrastructure of the remaining 16 industrial parks (according to the plan), with a planning area of nearly 12,000 hectares; striving to attract FDI capital to the area in the period of 2021-2025 to reach 10 billion USD, in the period of 2026-2030 to reach 18.6 billion USD, attracting an average of over 3.7 billion USD per year.
According to statistics, Quang Ninh currently has 188 FDI projects from 19 countries and territories, with a total investment capital of over 14.6 billion USD. These FDI projects are mainly invested in industrial parks, with high-tech, environmentally friendly, modern management, high added value, participating in the global value chain. FDI projects invested in industrial parks have created jobs for about 40,600 workers, contributing hundreds of billions of VND to the state budget each year, becoming a new resource, maintaining the province's economic growth rate at double digits for 9 consecutive years.
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