In recent times, Quang Ninh has had many policies to attract foreign investment, in which the province has focused on perfecting the investment attraction mechanism. Up to now, many multinational corporations and large enterprises with modern technology have invested in the province with increasing capital scale and project quality, contributing to creating jobs and income for workers; promoting economic restructuring and renewing the growth model.
Implementing 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, the Provincial Party Standing Committee has issued an implementation plan with specific goals: Registered capital for the 2021-2025 period will reach about 2.5-3 billion USD, for the 2026-2030 period will reach about 3-4.5 billion USD; realized capital for the 2021-2025 period will reach about 1.5-2 billion USD, for the 2026-2030 period will reach about 2-3 billion USD. By 2025, the proportion of projects using advanced technology, modern management, environmental protection, and aiming for high technology will increase by over 50% and reach 100% by 2030; The proportion of trained workers in 2025 will reach over 87.5%, and by 2030 it will reach over 90%.
To complete this goal, the development of investment criteria for selection and prioritization of investment attraction in accordance with the planning and development orientation of sectors, fields and localities in the province is of interest. In particular, the province identifies that planning and orientation of socio-economic development play a fundamental role in orienting investment attraction.
The favorable factor is that Quang Ninh has become the first locality in the Red River Delta region to have the Provincial Planning for the period 2021-2030, with a vision to 2050, approved by the Prime Minister and the first locality in the country to have the Provincial Planning Implementation Plan approved by the Prime Minister in Decision No. 1279/QD-TTg (dated November 1, 2023). The approved Provincial Planning has ensured that it is consistent with the local reality on the basis of exploiting the potential and strengths of geographical location, infrastructure, human resources and practical conditions, which are important foundations for promoting foreign investment attraction in the province.
In the strategy of attracting foreign investment, the province focuses on attracting investment in a selective manner, taking quality, efficiency, technology and environmental protection as the main evaluation criteria, focusing on the following areas: Tourism, services, environmental protection; high value-added manufacturing industries (automobile, motorbike, machinery and equipment for agriculture, shipbuilding, etc.), electricity, electronics, new materials; agricultural, forestry and fishery production in the direction of organic and sustainable agriculture, in order to take advantage of opportunities to apply and transfer science and technology to the area. In particular, the province is determined not to attract investment in projects with potential risks of environmental pollution, outdated technology, and must closely link with ensuring national defense and security, economic security, protecting and saving resources and the environment.
Currently, the evaluation and screening of FDI projects and selection of investors in the province are mainly carried out based on the legal framework such as the Investment Law, the Bidding Law, market access conditions for foreign investors and economic and technical norms, standards and norms for each industry, field, provincial planning, and socio-economic development orientation of the province. In addition, the province also studies and consults the Selective Foreign Investment Attraction Criteria developed by the Ministry of Planning and Investment, including 7 criteria: Labor, technology, technology transfer, connectivity and spillover effects, environment, national defense and security and investment rate. This is also the basis for investment registration agencies to compare and apply in the process of appraising FDI projects to ensure compliance with the provisions of law and the socio-economic development orientation of the country and the province.
Along with that, Quang Ninh is interested in perfecting institutions and policies for industrial parks and economic zones, which play an important role in achieving the province's socio-economic development goals. Up to now, Quang Ninh has 5 economic zones with a total area of 375,171 hectares, including 3 border gate economic zones and 2 coastal economic zones. With the planning of 8 new industrial parks, by 2030 the whole province will have 23 industrial parks with a total area of about 18,842 hectares. In particular, the provincial planning specifically identifies the orientation of priority industries and occupations for development and investment attraction for each industrial park, aiming to attract investment through creating favorable conditions for transportation, circulation of goods, and reducing logistics costs.
Quang Ninh's industrial zones are planned to be concentrated mainly in the following localities: Quang Yen, Hai Ha, Ha Long, Mong Cai. These are areas with many traffic hubs and existing infrastructure such as the Ha Long - Hanoi expressway, Cai Lan, Tien Phong, Hai Ha ports, Mong Cai border gate. In particular, with its location close to the Hai Phong - Ha Long - Van Don - Mong Cai expressway, connecting with China and Northeast Asian countries, and connecting with Tan Cang International Container Port (HICT) of Hai Phong, Quang Yen coastal economic zone is identified as a location to attract FDI projects in high-tech processing and manufacturing with large investment capital.
The province is currently developing a number of projects on mechanisms and policies for industrial parks and economic zones. According to the local orientation for developing new industrial parks, Quang Ninh is promoting the development of sustainable industrial parks following the "3 in 1" model (industrial park - urban area - service area) with modern technical and infrastructure to meet the requirements of new generation FDI capital flows...
With the focus on institutional reform to attract foreign investment, from 2019 to present, Quang Ninh has worked with about 130 delegations of organizations, investors, and businesses to explore investment in the province, including multinational economic groups, large and branded enterprises, such as: Poxconn, Lite-on, Coremax, Boltun (Taiwan), linko Solar (Hong Kong), TCL, Pacific Construction Group, Xiamen Sunrise (China), Mitsubishi, Sojitz (Japan), Daewoo E&c, Samsung Engineering (Korea), Autoliv (Sweden), Maersk (Denmark)...
Up to now, Quang Ninh has completed the target of registered FDI capital and implemented FDI capital for the 2021-2025 period. From 2021 to the end of June 2024, registered FDI capital reached 8.43 billion USD, equal to 281% of the entire period plan; implemented FDI capital reached 2.69 billion USD, equal to 134.5% of the plan. It is expected that by the end of 2025, registered FDI capital will reach about 10 billion USD, equal to 333.3% of the plan; implemented FDI capital will reach about 4.1 billion USD, equal to 205% of the plan.
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