In recent times, FDI capital has contributed positively to the growth and development achievements of Quang Ninh. In particular, in the first 9 months of 2024, with many positive solutions in improving the investment and business environment, attracting and promoting investment, Quang Ninh province continues to be chosen as a destination by many foreign enterprises.
In the first 9 months of 2024, Quang Ninh issued new investment registration certificates (IRCs) to 27 FDI projects with a total registered capital of more than 1.7 billion USD. Of which, 2 projects were newly issued IRCs after project adjustments, namely: Gold and paper production workshop project at Kim Sen Industrial Park (Kim Son ward, Dong Trieu town), investment capital of 0.82 million USD (the project is 100% owned by foreign investors at the economic organization implementing the project) and AEON Mall Ha Long Commercial Center Project, investment capital of more than 214 million USD. The number of newly issued IRCs is 1.4 times higher than the same period, with the total registered investment capital from the projects being nearly 2 times higher than the same period. The province has also adjusted the Investment Registration Certificate for 48 projects, 9.5 times higher than the same period in 2023. Of which, 19 projects increased capital with an additional capital of 207.41 million USD, the capital value increased 7.8 times higher than the same period in 2023. The projects newly granted Investment Registration Certificates were mostly implemented in industrial parks in Quang Yen town and Hai Ha district, bringing the FDI capital attracted in industrial parks and economic zones during the period to nearly 1.6 billion USD, accounting for 87.2% of the total FDI capital in the whole province. Of which, there were 22 newly granted projects with a total investment capital of nearly 1.38 billion USD; 17 projects adjusted to increase capital with an increased capital of nearly 204 million USD.
In the third quarter of 2024 alone, Quang Ninh province granted new investment registration certificates to 3 FDI projects with a total registered capital of nearly 251 million USD, including: Plastic product manufacturing and product assembly project at Bac Tien Phong Industrial Park of Eva Limited (Hong Kong), investment capital of 2 million USD; Lingrong Vietnam Electronic and Household Appliances Factory project at Dong Mai Industrial Park of Lingrong Technology HongKong Limited, investment capital of more than 34 million USD; AEON Mall Ha Long Commercial Center project, investment capital of more than 214 million USD. The province also adjusted investment registration certificates for 12 projects, of which 3 projects increased capital by 8.21 million USD, including: Investment project of Factory manufacturing, processing all kinds of fibers, embroidering all kinds of towels, fabrics and costumes at Texhong Hai Ha Industrial Park of Quoc Xuan Nam Thong Textile Company Limited, increased by 0.2 million USD; Baike Vehicle Vietnam project of Baike Vehicle Vietnam Co., Ltd. increased by 4.5 million USD; Calofic Co., Ltd. project increased by 3.5 million USD. Total FDI capital attracted in the third quarter reached more than 259 million USD, equivalent to 6,032 billion VND, equal to 181.8% of the same period in 2023 (142.54 million USD, equivalent to 3,339.19 billion VND).
Since the beginning of the year, foreign investors have invested in Quang Ninh in 6 out of 21 sectors of the national economy. Of which, the leading sector is the processing and manufacturing industry with a total investment capital of nearly 1.6 billion USD, accounting for 85.6% of the total registered investment capital. The projects attracted in the province 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 over 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 terms of the number of projects, the processing and manufacturing industry is also the leading industry with 23 newly licensed projects (accounting for 85.2%) and 15 projects with increased capital (accounting for 79%).
The fact that projects in the processing and manufacturing industry are concentrated in economic zones, industrial parks, and industrial clusters is consistent with the Quang Ninh Provincial Planning 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.
Production and business activities of FDI projects in the province in recent times have also shown positive results. In the first 9 months, FDI projects in the province disbursed more than 844 million USD, equal to 102.5% of the same period in 2023. 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 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, total realized investment capital increased by 2.5%; 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%.
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