On November 21, the Central Economic Commission's survey delegation led by comrade Thai Thanh Quy, member of the Party Central Committee, Deputy Head of the Standing Committee of the Central Economic Commission, had a working session with Quang Ninh province on the implementation of Resolution No. 50-NQ/TW dated August 20, 2019 of the Politburo on orientations for perfecting institutions and policies, improving the quality and effectiveness of foreign investment cooperation by 2030. Working with the delegation, on the side of Quang Ninh province, there were comrades: Vu Dai Thang, member of the Party Central Committee, Secretary of the Provincial Party Committee; Nghiem Xuan Cuong, Vice Chairman of the Provincial People's Committee; leaders of relevant departments and branches.
After 5 years of implementing Resolution No. 50-NQ/TW of the Politburo, the situation of foreign investment cooperation in the province has achieved positive results. From 2019 to present, the total newly registered FDI capital in the province reached about 10.17 billion USD. The total newly registered FDI capital has increased steadily over the years with an average growth rate of 48.7%/year; Registered capital in 2023 is 10 times higher than in 2019. In terms of scale, the average total capital of newly registered projects reached 82.19 million USD/project, the average capital scale increased from 10 million USD/project in 2019 to 118 million USD/project in 2023. Among the FDI projects attracted by the province in recent years, there have been many large-scale projects from many countries and territories, mainly investing in the manufacturing and processing industry, accounting for 68.4%.
The average GRDP growth rate of the foreign investment sector in the province is 16.7%/year. The proportion of the foreign investment sector in GRDP increased from 9.9% in 2019 to 11.4% in 2023. The FDI sector has contributed over 15,800 billion VND to the state budget. The export turnover of FDI enterprises reached about 26.68 billion USD. The average land use scale of newly registered projects in the period was 7.1 ha/project. The FDI sector has created jobs for nearly 50,000 workers. In the period from 2019 to present, on average, each new FDI project has created new jobs for about 195 workers, much higher than the previous 5-year period.
In addition to the achieved results, there are still shortcomings and limitations related to social infrastructure that have not received due attention from investors, affecting the recruitment and retention of workers. Investment promotion activities have not had strategic and breakthrough solutions to attract large investors and multinational corporations. The implementation of terminating investment activities for a number of ineffective FDI projects is still prolonged. The spillover effects from FDI to local enterprises are not clear; technology transfer activities between FDI enterprises and domestic enterprises are not really effective...
At the meeting, the members of the Working Group requested the province to clarify some issues of interest that need to be shared, such as: The province's experience in attracting high-quality foreign investment and green investment; experience in planning and developing industrial parks to keep up with trends and new situations in attracting foreign investment; experience in improving the investment environment, administrative reform, infrastructure development, innovation, and improving the effectiveness of investment promotion; development cooperation, etc. The contents and proposals of the Working Group were discussed specifically by the provincial leaders and provincial departments and branches.
Speaking at the meeting, Comrade Vu Dai Thang, Secretary of the Provincial Party Committee, said that Quang Ninh always considers the implementation of the Central Resolutions as a particularly important task of the entire political system. Regarding the implementation of Resolution 50, Quang Ninh province closely follows the direction of the Central Government to focus on leadership through the issuance of plans, specific programs and projects with high political determination; implementing them methodically and effectively and achieving very positive results.
With the goal of turning Quang Ninh into a center of processing, manufacturing, and high-tech industry, in the coming time, the province will focus on attracting FDI projects in high-tech processing and manufacturing industries; attracting industries serving digital transformation, energy transformation, and green transformation. Along with that, further diversifying foreign investment cooperation methods to take advantage of the advantages of science, technology, and engineering of foreign enterprises.
Comrade Thai Thanh Quy, Deputy Head of the Central Economic Commission, highly appreciated the results achieved by the province in implementing Resolution 50. The results achieved show the high determination and great efforts of the province in taking the lead in implementing a series of solutions, especially planning, investing in essential infrastructure, and administrative reform.
He affirmed that the survey results of the practical situation of investment attraction in Quang Ninh province are an important basis for the Working Group to do a good job of advising the Central Government to complete the summary report on the organization and implementation of Resolution No. 50. Agreeing with the orientations in attracting investment of the province in the coming time, he hoped that Quang Ninh would continue to achieve stronger development steps, continuing to affirm itself as a comprehensive growth pole of the Northern region as well as of the whole country.
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