An attractive destination for FDI capital.

With their advantageous location near seaports, highways, and airports, along with synchronously and modernly invested technical infrastructure, industrial parks and economic zones in Quang Ninh province have been creating great attraction, becoming a safe haven for foreign direct investment (FDI).

Hai Ha Port Industrial Park viewed from above.

FDI inflows are increasing year by year.

According to the Provincial Planning for the period 2021-2030, with a vision to 2050, approved by the Prime Minister (Decision No. 80/QD-TTg, dated February 1, 2023), Quang Ninh province has 23 industrial parks (7 of which have been established to date) and 5 economic zones. These are all key areas attracting considerable interest from domestic and international investors, especially foreign direct investment (FDI).

To ensure eligibility for investment attraction and increase the attractiveness of FDI flows, industrial park investors have made efforts to fulfill their commitments as stated in their investment registration certificates, completing the construction of complete and modern technical infrastructure within the industrial parks. The Standing Committee of the Provincial Party Committee, the Provincial People's Council and the Provincial People's Committee regularly lead, direct, and urge relevant departments, agencies, and localities to closely follow the province's development orientation, coordinate closely, and advise the province on compiling a list of projects and industrial park locations to promote investment attraction; issue policies to encourage and support investment; review and reduce administrative procedures; and regularly organize meetings to listen to, support, and promptly resolve difficulties and obstacles for businesses.

Mr. Pham Xuan Dai, Head of the Provincial Economic Zone Management Board, said: The Board has closely coordinated with industrial park investors and local authorities where industrial parks are located to accelerate land clearance, creating a clean land fund to attract investment. Emphasis is placed on attracting new-generation FDI with capable and experienced investors, utilizing green and clean industries, reducing land use, and increasing high-tech products based on exploiting the potential and strengths of geographical location, infrastructure, human resources, and local conditions, positively impacting local businesses, especially in the supporting industries sector.

Cooking oil production at Calofic Co., Ltd. (Cai Lan Industrial Park, Ha Long City).

According to statistics from the Department of Planning and Investment, the amount of FDI attracted to industrial parks and economic zones is higher each year than the previous year. From 2021 to July 2024, the amount of FDI attracted to Quang Ninh reached approximately US$8.4 billion (equivalent to VND 201,000 billion); with industrial parks and economic zones accounting for a large proportion. For example, in 2023, the total FDI attracted reached over US$3.24 billion, equivalent to 314% of the target set by the Provincial Party Committee and the Provincial People's Council for 2023, and 127.8% compared to 2022, ranking third nationwide in attracting FDI.

In the first seven months of 2024, the total FDI attracted to industrial parks and economic zones in the province reached over US$1.55 billion, equivalent to 52% of the annual plan (US$3 billion); including 21 newly licensed FDI projects and 31 FDI projects with increased capital. Some notable newly licensed FDI projects include: the Gokin Solar Hai Ha Vietnam single-crystal silicon wafer and photovoltaic single-crystal silicon bar project at Hai Ha Port Industrial Park (Hai Ha district), with a total investment of US$275 million; and the project for manufacturing bearings and linear motion equipment at Amata Song Khoai Industrial Park (Quang Yen town), with a total investment of US$57 million.

There is still significant potential for attracting investment.

Of the 7 established industrial parks, Cai Lan Industrial Park (Ha Long City) is fully occupied, while the remaining 6 have significant potential to attract FDI, especially those located within the Quang Yen coastal economic zone. Song Khoai Industrial Park, in particular, is currently attracting the most FDI interest. Therefore, in 2024, the province aims to attract $1.5 billion in FDI to Song Khoai Industrial Park, accounting for 50% of the total FDI attraction plan for Quang Ninh in 2024.

The Jinko Solar factory in Song Khoai Industrial Park (Quang Yen Town) belongs to Jinko Solar Vietnam Industrial Co., Ltd.

From the beginning of 2024 until now, Song Khoai Industrial Park (Quang Yen Town) has attracted $500 million in investment and is actively coordinating with local authorities and the Provincial Economic Zone Management Board to accelerate land clearance for phases 2 and 3. Mr. Nguyen Van Nhan, General Director of Amata Ha Long Urban Joint Stock Company, said: The goal of attracting $1.5 billion in FDI into Song Khoai Industrial Park in 2024 is entirely feasible. However, the difficulty at the moment is that the company does not have clean land available. The company has been working with several investors from Taiwan, Europe, Singapore, South Korea, Japan, etc. If the remaining clean land for phases 2 and 3 is handed over soon, attracting $1 billion by the end of the year is achievable.

To ensure the sustainable and long-term attraction of FDI into the province in general, and industrial parks and economic zones in particular, Quang Ninh is developing solutions to improve the effectiveness of FDI promotion and attraction with very specific tasks and objectives. These include continuing to promote the attraction of investors to build and complete the technical infrastructure of the remaining 16 industrial parks (according to the plan), with a planned area of ​​nearly 12,000 hectares; striving to attract US$10 billion in FDI to the province during the 2021-2025 period, and US$18.6 billion during the 2026-2030 period, averaging over US$3.7 billion per year.

Textile manufacturing at Texhong Joint Venture Vietnam Science and Technology Co., Ltd. (Hai Ha Seaport Industrial Park).

According to statistics, Quang Ninh currently has 188 FDI projects from 19 countries and territories, with a total investment of over US$14.6 billion. These FDI projects are mainly invested in industrial parks, focusing on high-tech, environmentally friendly, modern management, high value-added sectors, and participation in global value chains. FDI projects in industrial parks have created jobs for approximately 40,600 workers, contributed hundreds of billions of VND to the state budget annually, and become a new resource, maintaining the province's double-digit economic growth for nine consecutive years.

Source: https://baoquangninh.vn/ben-do-hap-dan-cua-dong-von-fdi-3312456.html