Determined to set a new record in attracting FDI

Halfway through the task of attracting FDI capital in 2024, Quang Ninh is among the top 3 localities nationwide in terms of capital attracted, reaching 1,543 million USD. With the goal of attracting at least 3 billion USD for the whole year, the province is implementing many synchronous solutions to attract capital flows, becoming an important driving force for economic growth.

Comrade Cao Tuong Huy, Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People's Committee, awarded the Investment Registration Certificate to Foxconn Group to implement 2 projects with a total capital of 551 million USD in early July 2024.

Assessing the fluctuations of the international investment environment, especially the strong shift in foreign investment flows at present, Resolution No. 20-NQ/TU (dated November 27, 2023) of the Provincial Party Committee on the direction and tasks for 2024 has identified investment attraction in general and FDI in particular as the main driving force to ensure growth.

Based on the plans and targets built in close adherence to the directions of the Government, the Resolution of the Provincial Party Committee and the Provincial People's Council, from the first days and months of 2024, the Provincial People's Committee has directed units and localities to develop specific plans for their units to focus on improving the quality of investment promotion and attracting foreign investment. At the same time, focusing on researching, amending and improving the effectiveness of the unified investment promotion model throughout the province and following a "closed cycle" from supporting the implementation of investment procedures to post-investment support.

The province has also directed specialized agencies to build a mechanism for close coordination between agencies and departments in exchanging information, building shared data, ensuring information consistency; working specifically with each industrial park infrastructure investor to review and evaluate the ability to respond, focus on administrative reform, prepare clean land; urgently implement investment in technical construction and social infrastructure according to the plan to meet the needs of secondary investors; handle the recovery of projects that are slow to deploy, ineffective in operation; supplement clean land fund, potential to attract new investment projects...

To grasp information and proactively seek strategic investors, Quang Ninh has worked with the Ministry of Planning and Investment to understand the investment needs of large FDI investors. From there, directly connect, approach, and invite research and investment in Quang Ninh. Investment promotion activities are implemented with goals, focus, key points, and in-depth; research and selection of industries in the right direction to attract investment, green - clean - high-tech projects.

With a methodical and specific approach, consistent with the wishes, requirements and development goals of investors, by the end of June 2024, the total FDI capital attracted in the province reached 1,543 million USD, equal to 141% of the plan for the first 6 months of the year, equal to 51.6% of the plan for 2024, accounting for nearly 9% of the total investment capital of the country. Quang Ninh ranked 3rd in the country in terms of foreign investment capital registered in the province, after Bac Ninh and Ba Ria - Vung Tau.

Song Khoai Industrial Park, Quang Yen Town invested by Amata Group.

So far, Quang Ninh has had 130 FDI projects from 20 countries with a total registered capital of nearly 14 billion USD. Currently, there are nearly 10 projects requesting Quang Ninh to grant investment registration certificates from investors from the United States, South Korea, China and Taiwan. Relevant agencies are implementing legal procedures according to regulations, guiding investors to complete their documents. According to the investment cycle, in the last months of the year, the demand for international investment transfer will increase sharply because in order to prepare for the construction of infrastructure and production factories for the following year, to meet development needs, investors will choose the time in the last months of the year to implement capital plans and register new investments. Thus, with the current way of doing things in Quang Ninh, the demand for investment in the province in the last months of the year will certainly increase sharply, the goal of striving for a total FDI capital of at least 3 billion USD in Quang Ninh in 2024 is very promising.

With the attention and strong leadership of the province since the beginning of the year, the innovation, diversity, and increased promotion of the form and scale of investment attraction to the province, especially focusing on key markets... Quang Ninh has quickly received the attention of many domestic and foreign enterprises and investors. In the context of the current strong global investment shift, Quang Ninh will certainly set a new record in attracting FDI in 2024, continuing to affirm its role as the center of FDI attraction in the country.

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