In September 2020, the Prime Minister decided to establish Quang Yen coastal economic zone with an area of over 13,300 hectares. Up to now, this economic zone has developed strongly, contributing to making Quang Yen one of the localities with the highest socio-economic development rate in the province. On the path of stable development with many strengths and outstanding potentials being unlocked, Quang Yen coastal economic zone is becoming an attractive destination for many investors.
Create a breakthrough to attract investment
Quang Yen coastal economic zone is established on the basis of 2 areas: Urban, industrial and high-tech complex in Uong Bi City and Quang Yen Town; Dam Nha Mac seaport, industrial and urban service area, Quang Yen town. It is estimated that in the period of 2020-2035, the total investment demand for this economic zone is about 160-161 trillion VND. The goal is to build and develop Quang Yen coastal economic zone as the nucleus and new growth engine of the western route and the province, becoming a smart, modern urban - industrial - service - seaport; develop modern and synchronous infrastructure, production services and social services to attract businesses using high-tech and skilled labor, providing products and services with international competitiveness.
Identifying investment attraction in industrial parks in economic zones as an important solution to promote production and sustainable economic development, Quang Yen has recently focused on improving the quality of economic growth. The town has prioritized many solutions to remove difficulties, accompany businesses, and promote investment attraction in industrial parks. Up to now, Quang Yen coastal economic zone is developing 5 industrial parks: Dong Mai, Song Khoai, Nam Tien Phong, Bac Tien Phong and Bach Dang. Quang Yen is currently the locality in the province with the most industrial parks. In 2024, Quang Yen will coordinate with departments, branches and sectors to promote investment, attracting 24 foreign investment projects with a registered land area of over 137 hectares (23 foreign investment projects, registered capital of 1,337 million USD; 1 project of domestic investors, registered capital of about 741 billion VND). Notably, in the fourth quarter of 2024, Bac Tien Phong Industrial Park will have 4 new industrial products: ATV, scooter, electric balance car, electric golf car of Bike Vehicle Vietnam Co., Ltd.
Song Khoai Industrial Park was granted an investment registration certificate in 2018 and officially handed over the site in 2021. After 4 years, Song Khoai Industrial Park has attracted 19 secondary investment projects; in 2024 alone, it attracted 4 new projects from "big guys" such as: Foxconn, IKO Thompson, Tenma, Yaskawa, ... bringing the total investment capital to nearly 3 billion USD. What makes this industrial park attractive is the advantage of scale, infrastructure and attractive tax incentives belonging to the coastal economic zone, especially the strategic geographical location. Song Khoai Industrial Park project is located in the core area of Quang Yen coastal economic zone. From here, secondary businesses can use all the services and human resources of Quang Yen Town, Uong Bi City, Dong Trieu City, Ha Long City and some neighboring areas such as Hai Phong, Hai Duong... Especially, traffic connections through highways and deep-water seaports, international airports, convenient for transporting and exporting goods.
Mr. Nguyen Van Nhan, General Director of Amata Ha Long Urban Joint Stock Company, said: During the investment process of Song Khoai Industrial Park in Quang Yen in particular, Quang Ninh province in general, Amata has received a lot of support and assistance from the local government, especially in administrative work and site clearance. We are continuing to closely coordinate with government agencies to speed up the progress of site handover and infrastructure completion, ready to welcome FDI enterprises to invest in the Industrial Park. According to the national and Government orientation on the Strategy for developing Vietnam's semiconductor industry to 2030 and vision to 2050, Vietnam is actively opening policies, making efforts to create favorable conditions for foreign investors and enterprises to enter and participate in the development of the semiconductor industry. In the coming time, Amata will focus on infrastructure investment, ready to welcome more "big guys" to the Industrial Park. At the same time, we ensure utilities, especially power capacity for factories that need to consume large amounts of electricity to serve the production process. Amata will also continue to invest and develop, increasing the rate of renewable energy use from solar energy and wind energy. We hope to create an increasingly attractive investment environment, attracting more large secondary investors to Song Khoai Industrial Park.
In order to attract investment into the Quang Yen coastal economic zone, in recent years, the central government and the province have paid attention to and prioritized investment resources to complete infrastructure, especially traffic infrastructure for the town. In the 2020-2023 period alone, the total public investment plan from the provincial budget for spending tasks in the town and supporting Quang Yen is 8,258 billion VND, nearly 3 times the 2016-2020 period. From this capital source, the town focuses on renovating and upgrading provincial road 331B, extended provincial road 338, the road connecting provincial road 331 with provincial road 33, the road connecting from Cho Roc intersection to Phong Hai intersection...
Synchronizing infrastructure, improving the business environment and methodical economic strategies in the Quang Yen coastal economic zone will help this land become an important trade gateway of Quang Ninh province as well as the Red River Delta region and towards becoming an international trade gateway. Thereby contributing to building Quang Yen into a city in 2025, becoming a center of industry, seaport services and logistics, reaching the level of a type II urban area before 2030, being a positive and sustainable growth driver of the province.
Smart City in Economic Zone
Seizing the opportunity from Quang Yen Economic Zone, the town has been focusing on developing infrastructure, creating momentum to maximize the potential and strengths of a locality that is on track to become a city this year.
On the roadmap to becoming a city by 2025, a type II urban area before 2030, in recent times, the town has focused on planning, planning management and completing a synchronous infrastructure system. The town is developing a project to invest in building infrastructure to upgrade the town to become a city by 2025. In 2024, Quang Yen's economy maintained a high growth momentum. Typically, the total production value reached 64,833 billion VND, an increase of 23.8% over the previous year; completing the provincial state budget revenue target 40 days in advance with a total revenue of more than 1,374 billion VND, an increase of 47.9% over 2023, the largest ever, ranking in the top of the province. The total estimated development investment capital is 24,000 billion VND, an increase of 19.8% over the previous year.
To continue to create breakthroughs in traffic infrastructure, the town has established a Project to develop key traffic infrastructure in the area until 2025, with a vision to 2030. According to the Project, there are 118 proposed road traffic infrastructure projects for investment until the end of 2030, of which 42 projects will be in the 2024-2025 period and 76 projects in the 2026-2030 period (road traffic projects and port, wharf, and waterway projects); the total investment capital requirement is more than 11,000 billion VND. In the immediate period of 2024-2025, Quang Yen will mobilize more than 1,800 billion VND to invest in many key traffic projects, urban, health, and educational projects.
To increase investment attraction in industrial zones, the province is investing in key traffic projects: Ha Long Xanh intersection, Dam Nha Mac intersection, riverside road connecting Ha Long - Hai Phong expressway to Dong Trieu town, Ben Rung bridge approach road. These key traffic projects not only synchronize traffic connection between industrial zones, expand urban development space, economic - social trade between Quang Yen and other regions, but also create technical infrastructure for people in the region to promote internal strength, develop the economy, improve the quality of life; promote investment calling for economic development, firmly pursue development goals associated with preserving the landscape and environment and preserving cultural values; continue to improve the efficiency of investment attraction, especially attracting FDI capital, rapidly increasing the occupancy rate of industrial zones.
Chairman of Quang Yen Town People's Committee Tran Duc Thang said: In the coming period, the town will continue to mobilize all resources, diversify investment forms; accelerate the development speed and complete the synchronous, modern, interconnected, and comprehensive economic-social infrastructure system according to approved plans and projects. The focus is on completing the infrastructure of Quang Yen coastal economic zone, the infrastructure of industrial parks: Song Khoai, Nam Tien Phong, Bac Tien Phong, Bach Dang to attract more investors; upgrade urban infrastructure in the direction of meeting the standards of quality of economic-social infrastructure, technical infrastructure to reach type I urban areas, strive to complete the goal of upgrading urban areas in 2025, before 2030 to become type I urban areas; upgrade new rural infrastructure to meet urban criteria.
The town focuses on sustainable development of the marine economy, focusing on seaports, seaport services, logistics, coastal economic zones, coastal industrial parks, coastal urban areas, and marine tourism closely linked to the goals of building Quang Ninh and Hai Phong into a marine economic center. At the same time, improve the effectiveness and efficiency of planning management, land management and use, maximize the value of land resources, and create development momentum. In particular, pay attention to maintaining the status quo of land funds serving the development of industrial parks according to the plan; strictly manage land funds that were previously aquaculture land and agricultural land.
At the same time, maximize the human factor, consider people as the center, the subject, the most important resource and the destination of sustainable development. Take care of education and training, develop high-quality human resources, skilled labor, build Quang Yen into an attractive place to gather talents, high-quality human resources to contribute, not simply looking for an environment to make a living and start a career.
Along with that, the town concretizes the viewpoints, orientations, and tasks of cultural and human development in the spirit of Resolution No. 17-NQ/TU dated October 30, 2023 of the Provincial Party Committee "On building and promoting cultural values, human strength of Quang Ninh to become an endogenous resource, a driving force for rapid and sustainable development".
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