Quang Yen Town: A bright spot in attracting investment

Sticking to the 2023 working theme of “Improving the efficiency of investment attraction and people's quality of life” since the beginning of the year, Quang Yen has focused on synchronously implementing many solutions. Thanks to that, the locality has a fairly high economic growth momentum in the first quarter, creating momentum for a strong breakthrough in the second quarter.

Production of electronic components at Competition Team Technology Co., Ltd. (Dong Mai Industrial Park).

In the first quarter of 2023, the investment attraction sector continues to be a bright spot in the economic development picture of Quang Yen town. Specifically, the town has coordinated with industrial park infrastructure investors to effectively carry out site clearance work; accelerate the completion of infrastructure of industrial parks and housing areas for workers and experts, attract secondary investors; effectively support businesses to develop production. Thanks to that, industrial parks in the area continue to become the focus of attraction for strategic investors.

Typically, on March 29, the Provincial Economic Zone Management Board awarded investment certificates to 3 foreign direct investment (FDI) projects with a total investment of over 80 million USD in the industrial parks of Quang Yen town, namely: The project to produce smart lightweight alloy rims in Bac Tien Phong Industrial Park with a total investment of 55 million USD; the Lioncore Vietnam 2 Factory project in Dong Mai Industrial Park with a total investment of 15 million USD and the project to produce car seat belts in Song Khoai Industrial Park with a total investment of over 10 million USD.

All three projects are invested in the fields of processing, manufacturing and high-tech industries. Upon completion, these projects will open up many opportunities to contribute to increasing the production capacity of the processing, manufacturing and high-tech industries. At the same time, they will gradually form a synchronous production chain with high added value, thereby contributing to economic growth, budget revenue and job creation for local workers.

In particular, identifying dynamic projects connecting synchronous traffic helps localities promote investment attraction in industrial parks, contributing to promoting socio-economic development. Therefore, from the beginning of 2023 to now, the town has resolutely directed sectors, localities and investors to focus on removing the "bottleneck" of handing over clean land on schedule to investors. Especially key projects such as: Riverside route connecting from Ha Long - Hai Phong expressway to Dong Trieu town (section from Dam Nha Mac intersection to Provincial Road 338 phase I); Song Khoai Industrial Park, Bac Tien Phong Industrial Park, Nam Tien Phong Industrial Park, Ha Long Xanh intersection...

In 2023, Quang Yen Town aims to achieve an economic growth rate of 26.2%; state budget revenue of VND 1,019 billion; total development investment capital of VND 19,390 billion. To soon complete this goal, right from the first months of the year, Quang Yen has focused on accelerating the investment progress to complete infrastructure in a synchronous and modern direction, ensuring connectivity associated with infrastructure renovation of residential areas; implementing general planning and adjusting zoning plans to attract investment projects. At the same time, creating a favorable investment and business environment, improving competitiveness, promoting administrative reform; improving the quality of human resources, effectiveness and efficiency of management and operation of government apparatus at all levels; sustainably reducing poverty and constantly improving the quality of people's lives.

In the first 3 months of 2023, the industrial production situation operated stably, creating high product value, especially processed and manufactured industrial products in Dong Mai Industrial Park and Amata Industrial Park. The value of industrial and handicraft production in the first quarter of 2023 reached 5,390 billion VND, equal to 25% of the annual plan, up 120% over the same period in 2022. State budget revenue in the area reached more than 163 billion VND. In particular, the agricultural sector continued to maintain stable production with the first quarter production value reaching 381 billion VND, up 2.4% over the same period in 2022.

Mr. Tran Duc Thang, Chairman of Quang Yen Town People's Committee, said: To maintain stable economic growth, entering the second quarter, the locality will focus on developing a budget collection scenario to ensure the planned targets. Currently, infrastructure investment projects in industrial parks and a number of key projects are entering the acceleration and completion stage, so to ensure progress, the locality will focus on site clearance and commit to handing over clean land on schedule. At the same time, the locality will quickly complete the preparation and submit for approval of the project to adjust the town's general planning until 2040; deploy the preparation of zoning plans after adjusting the town's general planning; accelerate the poverty reduction program in 2023.

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