Increasing attraction to industrial parks and economic zones

To concretize the province's development goals, since the beginning of the year, relevant departments, branches and localities have actively participated in both removing difficulties for enterprises and investors who have production and business activities in industrial parks and economic zones (IPs, EZs) and having strategies to promote, attract and support new investors to come and learn and research.

Leaders of the Economic Zone Management Board awarded the investment certificate for the project of manufacturing bearings and linear motion equipment to the representative of IKO Thompson Vietnam Co., Ltd. at Song Khoai Industrial Park (Amata), Quang Yen Town. *Photo: Minh Toan*

Identifying investment attraction in industrial zones is an important solution to promote production and sustainable economic development. Therefore, since the beginning of the year, closely following the annual work theme related to improving the quality of economic growth, Quang Yen Town has focused on prioritizing many solutions to remove difficulties, accompany businesses, and promote investment attraction in industrial zones.

The town proactively coordinates with provincial departments, branches, sectors, and industrial park infrastructure investors to accelerate site clearance and complete industrial park infrastructure. In particular, last March, the town established a Working Group to support and promote investment in the area. The Working Group was established to proactively grasp information and synthesize the implementation status of non-budgetary investment projects; to learn about difficulties and obstacles in implementing projects in the assigned fields, sectors, and localities according to functions and tasks. At the same time, promptly direct affiliated agencies and units to support the resolution of recommendations and difficulties and obstacles of investors.

With active participation, in the first half of 2024, the town attracted 13 FDI investment projects, with a total registered capital of 345 million USD in industrial parks, making it one of the top localities in the province in attracting domestic and foreign investment capital. The production value in industrial parks alone reached 18,450 billion VND, accounting for 94.2% of the total industrial value.

Mong Cai Border Gate Economic Zone is identified as one of the two breakthroughs and the center of the dynamic region in the spatial organization model of development "one center, two routes, multi-dimensional, two breakthroughs, three dynamic regions" of Quang Ninh. Promoting its own potentials and advantages, Mong Cai City has been focusing on investing in synchronous infrastructure, improving the investment environment, business environment, accompanying domestic and foreign enterprises to explore investment opportunities, especially in the fields of trade, tourism, logistics, processing and manufacturing industry. The city has allocated about 2,500 hectares of land to build warehouses, yards, and ports; prioritized the development of border tourism, associated with general shopping. Recently, the city has also worked with the Lien Thai Binh Duong Import-Export Company to invest in building a comprehensive service and trade complex; coordinated with the Provincial Economic Zone Management Board to guide investors to speed up the implementation of projects; Prepare documents to propose the implementation of a number of key projects such as social housing in Hai Yen ward, expansion of the wharf area at Km3+4 of Ka Long river, propose the province to add 2 industrial parks for processing, manufacturing and high technology, production and assembly of electronic components, accessories and auto parts south of Luc Lam river...

According to the leader of Mong Cai City, investment projects in Mong Cai Border Gate Economic Zone are subject to the highest incentive and preferential mechanisms and policies issued by the State on foreign investment, domestic investment, investment in industrial parks, export processing zones, and border gate economic zones. The city pays special attention to policies supporting taxes, land use, site clearance and other supports when enterprises invest in the area. By effectively applying special incentive mechanisms and policies, international competition, and pioneering in reforming administrative procedures to facilitate business development, Mong Cai City has attracted many large investors to invest in the area, including the dyeing and weaving project of Khanh Nghiep Textile and Dyeing Company Limited invested in Hai Yen Industrial Park on an area of 0.45 hectares, with an investment capital of 12 million USD and a capacity of 24,200 tons of yarn/year.

VCCI delegation and businesses and investors visited the Silicon panel production line of Jinko Solar Vietnam Industrial Co., Ltd. at Song Khoai Industrial Park, Quang Yen Town. *Photo: Minh Ha*

In order to increase the attractiveness of industrial parks and economic zones, in recent times, Quang Ninh province has made the most of the central regulations, local development advantages, built and issued many support mechanisms and policies for enterprises and investors, such as: Support for site clearance, vocational training for workers at secondary enterprises in industrial parks and economic zones, investment in technical infrastructure to the fence of industrial parks; support enterprises in implementing the application of science and technology in production and business, support for credit capital... Along with that, the province has directed and assigned departments, branches, sectors and localities to focus on improving and enhancing the quality of the investment and business environment; issued resolutions and plans on orientations for perfecting institutions and policies, improving the quality and effectiveness of foreign investment cooperation until 2030, in which, setting out targets and solutions to attract FDI investment in the short, medium and long term; speed up the development and completion of a synchronous, modern infrastructure system, ensuring connectivity and comprehensiveness. In addition, the province has established working groups to remove difficulties and obstacles in site clearance and sources of filling materials to speed up the implementation of key projects and works, and support investors.

With many effective solutions, in the first half of the year, the situation of attracting foreign direct investment (FDI) in Quang Ninh province continued to improve, reaching 1.55 billion USD, approximately 52% of the yearly plan, up 118% over the same period, ranking 3rd in the country in attracting FDI capital (after Bac Ninh and Ba Ria - Vung Tau provinces), accounting for 10% of the total FDI capital attraction in the country of 15.2 billion USD. Industrial parks in the province alone have attracted 22 new projects, most of which are new-generation FDI investment projects in the processing and manufacturing industry using clean, modern technology, with little resource deficit, little impact on the ecological environment and creating great value for the province's economy.

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