The hospitality, generosity, sincerity but also determination have convinced domestic and foreign businesses and investors by the image of a "safe, convenient, transparent, attractive and successful" Quang Ninh.
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| In the first 7 months of 2024, Quang Ninh "brought in" 1.56 billion USD of FDI capital, 2.2 times higher than the same period in 2023, ranking 2nd in the country after Bac Ninh province. (Source: Vietnamnet) |
"Creating solid trust to attract investment" has always been considered a task that Quang Ninh focuses on. Over the past time, the province has always created favorable conditions for investors through many mechanisms and policies such as simplifying procedures and processes as well as considering their application to suit the practical situation.
Thanks to that, in 2023, Quang Ninh has established a new position on the map of foreign direct investment (FDI) attraction as one of the top 3 localities in the country, earning 3.11 billion USD. With that important foundation, the province continues to reach a higher investment attraction milestone in 2024. In the first 7 months of 2024, Quang Ninh "brought" 1.56 billion USD in FDI capital, 2.2 times higher than the same period in 2023, ranking 2nd nationwide after Bac Ninh province.
Outstanding advantages
Opening his speech at the 2024 Spring Meeting Program organized by the Quang Ninh Provincial People's Committee in coordination with the Vietnam Federation of Commerce and Industry (VCCI) in early March 2024, Mr. Nitin Kapoor, Co-Chairman of the Vietnam Business Forum (VBF) emphasized: "I am really impressed by the figure of 3.11 billion USD of FDI capital in Quang Ninh in 2023, accounting for nearly 10.8% of the total registered investment capital, becoming one of the leading provinces in the country in attracting FDI capital".
According to Mr. Nitin Kapoor, this is a truly impressive figure at a time when the world economy is undergoing strong fluctuations, creating a favorable and attractive investment environment is extremely important.
Quang Ninh has witnessed increasing interest from foreign enterprises in sectors such as tourism, processing industry, manufacturing, production, supporting industry, electricity and gas distribution and transport infrastructure.
"The province has attracted special attention from investors by maintaining its leading position in the Provincial Competitiveness Index (PCI) since 2017. With its prime geographical location, including border gates, airport and maritime port clusters, Van Don Economic Zone and Mong Cai Border Gate Economic Zone, Quang Ninh is a priority choice for foreign investors," the VBF Co-Chairman affirmed.
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| DEEP C Industrial Park, Bac Tien Phong, Quang Ninh. (Source: Investment Newspaper) |
Mr. Watanabe Shige, Charge d'Affaires, Embassy of Japan in Vietnam also highly appreciated the favorable investment environment of Quang Ninh, saying that many countries are looking to invest in Vietnam because of its outstanding economic growth in the context of shifting global supply chains, including investors from Japan.
Quang Ninh is considered the most potential locality in Vietnam, attracting global attention. The province's great strength is its transport infrastructure, including highways from Hanoi and Hai Phong, airports, ports, and the best tourism resource, Ha Long Bay.
Economic experts also believe that Quang Ninh has great potential to attract FDI. The province is planned to have the most industrial parks (IPs) and economic zones (EZs) in the North. The province also has a large land resource, typically the Quang Yen coastal EZ - a bright spot in attracting investment in the province.
Why choose Quang Ninh?
From an investor's perspective, Mr. Nguyen Van Nhan, General Director of Amata Ha Long Urban Joint Stock Company (Amata Thailand Group) expressed that his relationship with the province began in 2013. At that time, he was assigned to the working group implementing Amata Group's investment project in Quang Ninh.
In March 2018, when the Song Khoai Industrial Park Infrastructure Construction and Business Investment Project was granted an investment certificate in the presence of the Prime Ministers of Vietnam and Thailand, Mr. Nguyen Van Nhan and his family decided to live and work long-term in the "mining land".
The General Director of Amata Ha Long Urban Joint Stock Company (Amata Thailand Group) said: "My family received help from friends, colleagues and neighbors. Quang Ninh is a province with developed socio-economic conditions and a very good living environment. My children also have a good learning environment.
This place has a very complete and modern system of public utilities and social security; a complete and highly connected traffic infrastructure system, a highway system, an airport, an international seaport... It can be affirmed that Quang Ninh is a place with an ideal living environment.
Mr. Nhan also found that the working and business environment in Quang Ninh is very favorable, because the local government here always acts very decisively, showing the desire to change and rise up. "They also understand the difficulties that businesses face and always accompany and work with businesses to find solutions to bring about efficiency for common development," said Mr. Nguyen Van Nhan.
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| Leaders of the Provincial Economic Zone Management Board awarded the investment certificate for the monocrystalline silicon panel and photovoltaic monocrystalline silicon bar project of Gokin Solar Company, with a total investment of 275 million USD at Hai Ha Seaport Industrial Park (Hai Ha district). (Source: BQN) |
Meanwhile, Mr. Bruno Jaspaert, General Director of DEEP C Industrial Park Complex, said that one of the driving forces for Quang Ninh province to maintain its growth momentum and sustainable development over the past long period is to always create the best conditions to attract investors to industrial parks and economic zones.
In addition to the industrial parks that have promoted effective investment, the province continues to create more favorable mechanisms, increasing attractiveness to attract more potential and experienced investors to participate in new industrial parks in the area.
As for Mr. Tran Kinh Vi, General Director of Global Operations of Jinko Solar Group, which has more than 2.5 billion USD invested in Quang Ninh, Quang Ninh has become a locality that plays a very important role in Jinko Solar's production chain on a global scale.
The Group's factories operating in Quang Ninh currently account for about 50% of Jinko Solar's total overseas production.
"Jinko Solar is very grateful for the effective and substantial support of the province for the group in the recent past. This is also one of the decisive factors for the group to continue choosing Quang Ninh as the location to invest in projects in the coming time," Mr. Tran Kinh Vi affirmed.
It can be affirmed that the impressive results in attracting foreign investors are the result of a process of change from thinking, awareness to action in the investment innovation of the "mining land". The province continues to affirm its efforts in administrative reform; building a healthy and transparent investment environment; creating solid trust and being a "good land", happy for people, investors, and businesses to come to live, work, rest, enjoy and develop.
Source: https://baoquocte.vn/quang-ninh-mo-cua-don-song-fdi-ky-ii-vung-dat-lanh-va-hanh-phuc-cua-cong-dong-doanh-nghiep-283261.html
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