In recent years, Quang Ninh has been considered a "golden land" attracting investment resources. Determining that FDI capital not only makes an important contribution to the province's GRDP, but also promotes the process of economic restructuring , Quang Ninh has accelerated from the beginning of 2023 to ensure the completion of attract at least 1.2 billion USD in FDI capital in the year.
"Attract" investment capital
With advantages in geography, transportation, and infrastructure, since the first months of 2023, Quang Ninh's investment attraction has improved with many FDI projects being implemented in the area.
The year began with the BW Bac Tien Phong Industrial Development Project, which started construction in January 2023 with a total planned area of 7.4 hectares in Bac Tien Phong Industrial Park. The project has a total investment of 20.5 million USD. The goal is to build a system of high-quality pre-built factories and warehouses to serve production and business projects in Bac Tien Phong Industrial Park. Thereby contributing to creating more advantages for this Industrial Park in attracting investment.
Immediately afterwards, in mid-February 2023, under the witness of Prime Minister Pham Minh Chinh at the conference to deploy the Government's Action Program on implementing Resolution No. 30-NQ/TW (dated November 23, 2022) of the Politburo on socio-economic development and ensuring national defense and security in the Red River Delta, Quang Ninh province granted an investment registration certificate for the Boltun bolt and die-casting product manufacturing project (Boltun Vietnam) to two Taiwanese investors (Bottun Corporation and QST International Corporation). These are the world's largest bolt suppliers for the automobile manufacturing industry. The project has an investment capital of 165 million USD.
In this project, the investor will build a factory on a 35.27-hectare land plot in Bac Tien Phong Industrial Park. The project will be implemented in 2 phases, with a total designed capacity of 60,000 tons/year. Phase 1 is expected to start construction in the second quarter of 2023, after the investor completes investment procedures according to regulations.
Then, in March, at Bac Tien Phong Industrial Park, Indochina Kajima Company Limited (a joint venture between Indochina Capital and Kajima Corporation - Japan) held the groundbreaking ceremony for the Core5 Quang Ninh project. The project has an investment scale of 69,000m2 of ready-built factories meeting international standards for lease. The factory area ranges from 2,835m2 to 18,194m2. Each factory will be equipped with an office area and necessary utilities, a fire protection system in the factory area, a dry cargo storage area, and a car and motorbike parking lot.
Also in March, the Provincial Economic Zone Management Board granted investment certificates to 3 FDI projects with a total investment capital of over 80 million USD, including: Smart lightweight alloy wheel rim production project in Bac Tien Phong Industrial Park (Quang Yen Town), investment capital of 55 million USD, investor is Xiamen Sunrise Group Co., Ltd.; Lioncore Vietnam Factory 2 project in Dong Mai Industrial Park (Quang Yen Town), investment capital of 15 million USD, investor is Lioncore Vietnam Industrial Co., Ltd.; Automobile seat belt production project in Song Khoai Industrial Park (Quang Yen Town), investment capital of over 10 million USD, investor is Samsong Vina Co., Ltd. These are all investment projects in the fields of processing, manufacturing and high technology industries.
Mr. Dang Minh Duc, Deputy General Director of DEEP C Vietnam, said: With the attention, companionship and close support of Quang Ninh province, the first secondary project started construction in Bac Tien Phong Industrial Park at the beginning of the year, which is a positive signal, opening up opportunities to attract investment in the Industrial Park in 2023. We are focusing resources on preparing the site, completing infrastructure, promoting investment in port infrastructure and port services... This year, we strive to attract 14 secondary investors to implement projects in the Industrial Park.
Accompanying businesses
With the motto of always accompanying and creating the most favorable conditions to attract businesses to invest and stay with the locality, in recent years, Quang Ninh province has made efforts to complete planning, create transparency and facilitate quick and convenient access to information on administrative procedures, land, site clearance, meeting the demand for high-quality human resources, innovating, improving the efficiency of investment attraction, especially large, branded investors, prioritizing high-tech, environmentally friendly industries. At the same time, always innovate the direction and administration, mobilize the participation of the entire political system in solving and removing obstacles and difficulties for businesses.
Identifying that FDI capital not only contributes significantly to the province's GRDP, but also promotes the process of economic restructuring, to complete the goal of attracting 1.2 billion USD in 2023, the province has developed an investment promotion program for the whole year. In particular, focusing on researching, evaluating potential, markets, trends and investment partners; building images, introducing the environment, policies, potentials, opportunities and investment connections; supporting, guiding and facilitating investment activities... At the same time, building a set of criteria for attracting investment in the province; completing digital investment promotion documents including: Maps of economic zones, industrial parks, land use planning; digital maps...
The province is continuing to focus on building, perfecting and promulgating mechanisms and policies to attract investment; promoting planning and infrastructure construction; improving the quality of human resources; innovating and improving investment promotion activities; promoting administrative procedure reform...
Notably, provincial leaders and departments, branches and localities regularly inspect, meet and exchange with investors to promptly grasp, listen and remove obstacles in the investment process. The province also prioritizes attracting foreign investment with focus; attracting green investment, high technology, supporting technology; closely following the development space orientation of "One center, two routes, multi-dimensional, two breakthroughs, three dynamic regions", creating traffic corridors associated with economic corridors and urban corridors.
Along with that, focusing on attracting investors from Japan, Korea, Taiwan, China, Europe... to ensure the right development orientation. Since the beginning of the year, Quang Ninh has welcomed many economic organizations to work and explore investment opportunities. Specifically, the working delegation of the Investment Promotion Board of Changzhou City Economic Zone (Jiangsu Province, China) came to learn about the investment environment and investment opportunities at Hai Ha Seaport Industrial Park; the working delegation of the Singapore Embassy, the European Business Association in Vietnam (EuroCharm) and US enterprises also came to work and explore the investment environment in the province and the industrial parks and economic zones in the area...
Mr. Nguyen Van Nhan, General Director of Amata Ha Long Urban Joint Stock Company, said: With outstanding potential, open policies, and the support and companionship of the province, Quang Ninh has always been one of the top choices of Amata Group when researching investment in Vietnam. In the coming time, we look forward to continuing to receive the province's support in supporting labor resources, clean land funds and stabilizing energy sources to ensure production activities.
With synchronous and effective solutions, Quang Ninh continues to lead PCI in 2022. This is the 6th consecutive year that the province has held the top position, 10 consecutive years (2013-2022) in the group of 5 provinces and centrally-run cities with the best economic management quality in the country, 7 years of double-digit growth.
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