Quang Ninh continues to promote investment attraction in the processing and manufacturing sector.

In recent years, the processing and manufacturing industry has always been a new driving force for economic growth, making positive and sustainable contributions to the economic growth of Quang Ninh province.

Workers at Foxconn Group's S-Vietnam Factory in Dong Mai Industrial Park (Quang Yen Town) assemble high-tech liquid crystal displays. Photo: Quang Ninh Newspaper

From the spread of Resolution No. 01-NQ/TU, dated November 16, 2020 of the Provincial Party Committee on rapid and sustainable development of the processing and manufacturing industry in the period of 2020 - 2025, with a vision to 2030, Quang Ninh has welcomed a wave of investment in the processing and manufacturing industry. Many large corporations and enterprises have invested in the province such as Jinko Solar Technology Co., Ltd. (Vietnam), Foxconn Group, Thanh Cong Group and Texhong Group.

The attractive industries in the processing and manufacturing sector of Quang Ninh are all in accordance with the planning and development orientation of the province with many fields of high technology, modern technology, mechanical engineering, assembly of components, electrical equipment, electronics, automobiles, solar products, creating great added value.

With synchronous, drastic and effective solutions, after more than 3 years, the manufacturing and processing industry has had a breakthrough growth, attracting 42 new projects and adjusting capital increase for 13 projects with total investment capital reaching over 160,820 billion VND, of which FDI capital reached 4,620 billion USD.

Creating jobs for over 23,886 workers; the proportion of the processing and manufacturing industry in the GRDP structure increases gradually each year and is gradually approaching the set target of 15% by 2025. The average growth rate of the processing and manufacturing industry in the past 3 years has reached 19.68%.

In 2023 alone, Quang Ninh attracted 3.1 billion USD in foreign direct investment (FDI), leading the country. This is also a record number of FDI capital attraction of Quang Ninh province to date.

In the new year 2024, Quang Ninh is determined to continue effectively implementing Resolution No. 01-NQ/TU; doing a good job of site clearance, vocational training, and labor connection; attracting investors with global brands (in the Forbes 500 group), with large financial capacity, with stable and long-term investment ability, with advanced technology, new technology, high technology, clean technology, modern management, high added value, spillover effects, connecting the value chain of production and international supply to invest in industrial parks, economic zones, especially industrial parks with synchronous infrastructure such as: Dong Mai, Song Khoai, Bac Tien Phong...

At the same time, support, create maximum convenience, accelerate the implementation of projects of enterprises to enter stable operation as soon as possible, add additional capacity, increase productivity and output such as Thanh Cong Automobile Factory Construction Project, FMNV Foxcon Factory Project, Jinko Solar Hai Ha Photovoltaic Cell Technology Complex Project, TCL TV Screen Factory Project...

Quang Ninh province strives to attract at least 3 billion USD in FDI capital. It focuses on improving the efficiency of attracting new-generation FDI selectively, prioritizing projects with high technology, environmental friendliness, high investment capital, and high added value./.

Vu Hoa