Quang Ninh licenses three new FDI projects

The northern province of Quang Ninh licensed three FDI projects with a total registered capital of more than USD261 million, a year-on-year rise of 280% and 60% of the year’s target.

According to the provincial Department of Planning and Investment, Quang Ninh has so far seen 97 FDI projects in effect, capitalised with over USD4.8 billion. Implemented capital reached USD3.4 billion, or 71% of the total registered capital.

Of these projects, 53 were invested by China. Taiwan (China) with a registered capital of more than USD1 billion accounts for 54% of the total projects and over 20% of the total registered capital.

In the circumstances of common difficulty across the world economy, attracting FDI capital in Quang Ninh has also been effected. Therefore, new FDI projects licensed in the province from the start of the year showed positive signs in luring capital sources. This movement contributes to improving the quality, efficiency and competitive capacity of the provincial economy./.