Dong Mai industrial zone (Photo: viglaceraip.com)
According to the Quang Ninh province’s Department of Planning and Investment, the province now has 124 FDI projects with a total investment of over 6.6 billion USD.
In the first nine months of 2019, eight FDI projects were granted new investment registration certificates with a total registered capital of nearly 16 million USD.
Quang Ninh province has carried out various solutions to attract and support FDI projects, like issuing attractive policies and competitive investment incentives, arranging sufficient capital sources for improvement of socio-economic infrastructure, technical infrastructure at industrial and economic zones, enhancing investment promotion and attraction of FDI projects, especially large-scale projects and high technology application.
Speaking at a meeting on FDI implementation and investment attraction in the first nine months of 2019, Mr. Nguyen Van Thang, Chairman of Quang Ninh provincial People’s Committee, said that FDI investment attraction and promotion activities would always be actively renewed towards real effectiveness based on two-dimensional viewpoint: Quang Ninh is willing to create the best conditions for investors who also have great contributions to Quang Ninh.
He also asked relevant departments and agencies of the province to urgently propose mechanisms and policies to attract, promote and support FDI. At the same time, the Chairman required the relevant units to well perform site clearance, infrastructure improvement at industrial zones, and administrative reform.
Recently, Bumjin Electronic Co. of the Republic of Korea decided to invest in an audio equipment manufacturing company at Dong Mai industrial zone in Quang Yen town with a total investment of 40 billion USD. The project is expected to be put into operation this December.
Since 2012, production and business activities of FDI projects in Quang Ninh province have increased steadily each year. In 2018 alone, the total revenue of the FDI businesses reached about 45.6 trillion VND, contributing nearly 1.5 trillion VND to the state budget./.