Innovation, improving investment promotion efficiency

Since the beginning of the year, the Investment Promotion and Support Board (IPA) of Quang Ninh has made efforts to implement many synchronous solutions to diversify the content and forms of investment promotion, thereby achieving many positive results. By the end of the third quarter of 2024, the province's domestic and foreign investment capital attracted from the budget reached nearly 19,000 billion VND; total FDI capital reached more than 1.7 billion USD (nearly 2 times higher than the same period).

Quang Ninh province's investment promotion documents are digitized and updated on the province's investment promotion electronic information portal at: "https://investinquangninh.vn/" so that investors and businesses in need can easily learn and research investment opportunities.

In order to make investment promotion activities more professional and modern, IPA has presided over and coordinated with relevant departments and branches to continue to build specialized investment promotion data, including: Investment information, planning data; project information, project portfolio calling for investment attraction; investment incentive policies and mechanisms; information on potential, strengths, and investment and business environment of the province... All data are updated and digitized via QR codes in 5 languages: Vietnamese, English, Japanese, Korean, Chinese and posted on the province's investment promotion electronic information portal so that investors and businesses in need can easily learn and research investment opportunities.

To facilitate investors in finding accurate information and quickly identifying investment goals, IPA has also proactively developed a list of priority projects to attract investment in the province. Based on the Quang Ninh Provincial Planning and the Zoning Plan of localities, IPA has presided over and coordinated with departments, branches and localities in the province to review, screen and select priority projects calling for investment in the period of 2024-2030 based on the List of projects calling for investment in Decision No. 3151/QD-UBND dated October 28, 2022 of the Provincial People's Committee. Currently, IPA is continuing to submit to the Provincial People's Committee for consideration to adjust and supplement the List of projects to attract investment in Quang Ninh province towards 2025; develop a List of projects calling for investment, encouraging FDI attraction in Quang Ninh province in the period of 2024-2030. In addition, IPA has also proactively developed a list of projects calling for investment attraction for each specific field to serve the process of working with investors in specialized fields in a number of industries and sectors such as: Tourism, fisheries, seaports, logistics...

Representative of the Quang Ninh Investment Promotion and Support Board spoke at the reception and working session with the Hong Kong General Chamber of Commerce (HKGCC) hosted by VCCI in Hanoi (October 2024).

Along with standardizing and professionalizing documents for investment promotion, IPA and the province's functional departments and branches are also proactive in connecting, welcoming and working directly with investors and enterprises to learn about the investment and business environment and research investment opportunities in Quang Ninh. Since the beginning of the year, the unit has hosted and worked with 30 delegations of enterprises and investors. Notably, there are a number of large corporations and enterprises that have investment projects in Quang Ninh, such as Foxconn (Taiwan), Jinko Solar (China), Marubeni (Japan), Chongqing Investment Delegation (China)... to persuade and call for expansion of scale and investment projects in Quang Ninh province.

IPA also proactively invited and organized working sessions between provincial departments, branches, and enterprises with new investors to expand investment attraction. Notably, the meeting with Dubai Chambers to discuss cooperation opportunities to promote investment in the fields of seaports, logistics, tourism services, finance, energy, digital economy, healthcare, education, and trade connection, promoting import and export activities of agricultural, forestry, and fishery products. Through the meeting, the relevant departments and branches identified a number of investors with strengths in the seaport sector and are continuing to promote and call for investment promotion from Dubai market enterprises.

Identifying the promotion of cooperation with investors through diplomatic agencies, international organizations, consulting units, ministries, branches and central agencies as one of the important contents, in recent times, IPA has also maintained good relationships and exchanges with focal points of the Ministry of Foreign Affairs, Ministry of Planning and Investment, Ministry of Industry and Trade, VCCI, international organizations such as JETRO, KOTRA, KOCHAM..., diplomatic agencies, embassies of Indonesia, Norway, Brazil, Japan, Saudi Arabia... in Vietnam and influential individuals, investors, international organizations, consulting companies, large investment funds... Thereby, taking advantage of support in introducing investors who intend to explore investment opportunities in Vietnam and organizing investment promotion activities at home and abroad. With the support of central agencies and international organizations, since the beginning of 2024, IPA has participated in 14 investment promotion programs, events and forums. At these events, IPA presented and introduced the investment environment and investment opportunities of Quang Ninh and met, connected and promoted investment with delegates from international organizations, business associations and investors from countries such as Japan, Korea, Brazil, EU, Indonesia, the United States, China, etc.

Thanks to many positive and synchronous solutions, since the beginning of the year, despite facing many difficulties, Quang Ninh has still achieved positive results in attracting investment. By the end of the third quarter of 2024, the province's attraction of foreign investment capital outside the budget reached nearly 19,000 billion VND; total FDI capital reached more than 1.7 billion USD (nearly 2 times higher than the same period). The province has newly granted investment registration certificates to 26 FDI projects (1.4 times higher than the same period) and adjusted to increase capital for 17 projects. 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...

Source