Continuing the success in improving the environment and promoting investment achieved in 2023 and the previous period, since the beginning of the year, the province and relevant departments and branches have continued to focus on performing well the tasks of attracting investment, especially attracting foreign direct investment (FDI).
With many synchronous and drastic solutions in improving the business investment environment, enhancing competitiveness, promoting and supporting investment, despite facing many difficulties, Quang Ninh still achieved many positive results in socio-economic development, especially in attracting investment. By the end of October 2024, the total capital attracted from domestic and foreign budgets reached 19,254 billion VND; FDI attraction reached more than 2 billion USD (reaching over 68% of the plan, nearly 2 times higher than the same period in 2023).
In particular, the province has newly issued Investment Registration Certificates for 29 projects with a total capital of more than 1.6 billion USD and adjusted the capital increase for 20 projects with a total capital increase of nearly 218 million USD. The projects attracted in the province in the first 9 months of 2024 are also increasingly of high quality, including 3 projects with an investment capital of over 200 million USD, including: Gokin Solar Hai Ha Vietnam monocrystalline silicon panel and photovoltaic monocrystalline silicon bar project in Texhong - Hai Ha Industrial Park of Gokin Solar Company Limited (Hong Kong), with an investment capital of nearly 275 million USD; the smart system project in Bac Tien Phong Industrial Park of Foxconn Singapore Pte Ltd, with an investment capital of more than 287 million USD and the smart entertainment product project in Song Khoai Industrial Park of Foxconn Singapore Pte Ltd, with an investment capital of nearly 264 million USD.
In the industrial parks and economic zones alone, FDI capital attracted during the period reached nearly 1.6 billion USD, accounting for 87.2% of the total FDI capital in the province. Of which, there were 22 newly licensed projects with a total investment capital of nearly 1.38 billion USD; 17 projects adjusted to increase capital with an increase of nearly 204 million USD. In terms of industry structure, investment attraction projects in the processing and manufacturing industry led with 23 newly licensed projects (accounting for 85.2%) and 15 projects adjusted to increase capital (accounting for 79%). In the next positions are the following industries: Real estate business; steam production and distribution; wholesale, retail; construction; management consulting activities...
This is completely consistent with the Planning of Quang Ninh province for the period 2021-2030, with a vision to 2050 approved by the Prime Minister in Decision No. 80/QD-TTg dated February 11, 2023 and the socio-economic development orientation of the province has been clearly stated in Resolution No. 01-NQ/TU of the Provincial Party Committee on rapid and sustainable development of the processing and manufacturing industry for the period 2020-2025, with a vision to 2030.
In particular, the production and business activities of FDI projects in the province have also shown positive results in recent times. In the first 9 months of the year, FDI projects in the province disbursed more than 844 million USD, equal to 102.5% of the same period. Total revenue from production and business activities of FDI enterprises reached 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, the total realized investment capital increased by 2.5%; the 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%...
To achieve the above positive results, since the beginning of 2024, Quang Ninh has drastically implemented many solutions in improving the investment and business environment, enhancing the province's competitiveness, paying special attention to firmly building and highlighting the real values, outstanding potentials and distinct advantages of the province.
From the provincial to local levels, departments, branches and units are focusing on implementing tasks and solutions to remove difficulties for production and business, continuing to promote administrative procedure reform, tightening discipline and order; key solutions to support enterprises, cooperatives and business households to improve operational efficiency and sustainable development; improving the efficiency of handling administrative procedures, providing public services to serve people and businesses; solutions to support small and medium enterprises; developing enterprises, creative startups and developing key products, building the brand of Quang Ninh province...
Along with that, investment promotion and support activities continue to be closely followed and actively implemented by departments, branches and functional units, focusing on activities of searching for and receiving investor delegations, activities of connecting and promoting the potential and strengths of the province through conferences, seminars and major events of the province. Thereby, receiving a lot of attention and positive feedback from diplomatic agencies, international organizations, business communities, domestic and foreign investors. In addition to proactively organizing major events to promote investment in the province, such as: Spring Meeting Program 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...; The province also continues to maintain and promote more cooperation with major investors through diplomatic agencies, international organizations and consulting units, ministries, branches and central agencies; at the same time, actively welcome and work with corporations, enterprises and major investors to attract and promote investment in Quang Ninh in many key sectors and fields such as seaports, logistics, tourism services, finance, energy, digital economy, healthcare, education, etc.
The figures on the number of projects, registered capital, increased capital and production and business results of FDI enterprises in the province in recent times are proof that Quang Ninh is gradually becoming a successful destination for foreign investors.
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