Increasing FDI attraction into Quang Yen Economic Zone

With synchronous and modern technical infrastructure investment and favorable geographical location, Quang Yen coastal economic zone is creating great attraction for FDI capital in Quang Ninh. In the first 4 months of 2023 alone, it has attracted nearly 320 million USD, accounting for 64% of the total FDI capital attracted to the province. This is an extremely impressive figure in the context of the world and domestic economy still containing unpredictable instabilities.

Acting Chairman of the Provincial People's Committee Cao Tuong Huy and leaders of relevant departments, branches and sectors studied and considered adjusting the Song Khoai Industrial Park Planning at a scale of 1/2,000.

Increase large projects

Notable are two projects in the processing and manufacturing industry group, namely the project of Autoliv Vietnam Co., Ltd. (an investor from Sweden) investing in Song Khoai Industrial Park with a total investment of 154 million USD (equivalent to 3,773 billion VND), producing safety products for cars and other motor vehicles for export, with a designed capacity of 10 million products/year. The remaining project has an investment capital of 165 million USD (equivalent to 4,080 billion VND) by an investor from Taiwan, this investor will deploy the production of auxiliary products for the Boltun Vietnam automobile industry in Bac Tien Phong Industrial Park.

In addition to the above two projects, in the first months of the year, in the Quang Yen coastal economic zone, investors who had been granted investment certificates before also invested in production and business factories on land areas approved by competent authorities. Specifically, in January, BW Bac Tien Phong Industrial Development Company Limited started an industrial development project with an investment of 20.5 million USD in Bac Tien Phong Industrial Zone to build and develop a system of high-quality and modern pre-built factories and warehouses.

The joint venture of Indochina Capital Company and Kajima Corporation (Japan) held the groundbreaking ceremony of Core5 Quang Ninh project at Bac Tien Phong Industrial Park (Quang Yen Town).

Then, in March, the Joint Venture of Indochina Capital and Kajima Corporation (Japan) held the groundbreaking ceremony for the Core5 Quang Ninh project in Bac Tien Phong Industrial Park. This is a logistics project, which upon completion will provide the market with a total of 69,000m2 ^of ready-built factories meeting international standards for lease. The handover of the first factories is expected to take place in March 2024.

Mr. Peter Ryder, CEO of Indochina Capital, said: Core5 Quang Ninh project provides the market with ready-built factories for lease in rows with diverse factory areas from ^2,835m2 to ^18,194m2 . Each factory will be equipped with an office area with curved walls typical of Core5 Vietnam, necessary utilities, fire protection system in the factory area, dry cargo storage, car and motorbike parking. For the first time, Core5 Vietnam will provide 2-storey factories, which are often favored by electronics manufacturers. In addition, Core5 Quang Ninh will arrange rooftop solar panels, sports areas and outdoor facilities, canteen areas according to the standards of all projects, water treatment systems and energy consumption according to LEED standards on green building design.

Thanks to its attractive preferential policies and strategic location near seaports, highways and airports, Quang Yen coastal economic zone has become a “red address” for investors. To date, this economic zone has more than 30 secondary investment projects, with a total FDI capital of over 1.5 billion USD (excluding 4 industrial park infrastructure projects).

Jinko Solar Factory (Song Khoai Industrial Park).

Assessing the attractiveness of Quang Yen coastal economic zone, Mr. Hoang Kim Tinh, General Director of Jinko Solar Vietnam Technology Co., Ltd., shared: We are very happy, excited and confident when choosing Quang Ninh, specifically Quang Yen area to invest in 2 major projects. This locality has the advantage of having good traffic infrastructure, especially the planning system of seaports is gradually being formed, large land fund, which has created confidence for Jinko Group to invest in Jinko Solar silicon panel technology project.

Sharing at the recent conference on logistics service development in Quang Ninh province, Minister of Industry and Trade Nguyen Hong Dien emphasized: With the orientation of developing the processing and manufacturing industry and attracting high-quality FDI capital flows of Quang Ninh, the Quang Yen coastal economic zone has a great advantage because it is located close to the Hai Phong - Ha Long - Van Don - Mong Cai highway, connecting with China and Northeast Asian countries, close to Hai Phong, increasing the connection with Lach Huyen international port. Therefore, this economic zone is really attractive to investors both in the short term and in the long term.

Accompany and go together with investors

With the target of 2023, the total capital source of FDI attraction in the industrial parks and economic zones of the province reaching 1.2 billion USD, on April 23, Acting Chairman of the Provincial People's Committee Cao Tuong Huy and leaders of relevant departments, branches and sectors of the province directly inspected and worked with a number of investors in technical infrastructure of industrial parks in the coastal economic zone of Quang Yen to grasp the situation, remove difficulties and obstacles in investment in the area.

Marketing staff of Bac Tien Phong Industrial Park introduced to investors the strategy to attract investment in the Industrial Park.

Through the process of listening to the opinions and aspirations of investors, Acting Chairman of the Provincial People's Committee Cao Tuong Huy directed and assigned the task to the two technical infrastructure investors of the Industrial Park (Song Khoai Industrial Park, Bac Tien Phong Industrial Park) to attract 500 million USD to the area in the second quarter of 2023, of which Song Khoai Industrial Park attracts 300 million USD, Bac Tien Phong Industrial Park attracts 200 million USD. To complete this goal, relevant departments, branches, sectors and localities of the province must focus on listening, synthesizing and reviewing the difficulties and problems of investors, especially regarding site clearance, land exploitation, electricity and water supply.

In particular, after reaching an agreement with the departments, branches and the People's Committee of Quang Yen Town, right during the inspection, Acting Chairman of the Provincial People's Committee Cao Tuong Huy signed the Decision approving the adjustment of the planning of Song Khoai Industrial Park at a scale of 1/2,000 at the scene. This is a special and unprecedented event, clearly demonstrating the sense of responsibility, daring to think, daring to speak, daring to do, daring to take responsibility and going all the way with the investors of the head of the Quang Ninh provincial government. This information was quickly spread by the mass media and received the attention, agreement and support of domestic and foreign investors.

Mr. Nguyen Van Nhan, General Director of Amata Ha Long Urban Joint Stock Company, said: We were very impressed and moved when the Acting Chairman of the Provincial People's Committee directly signed the Decision approving the adjustment of the Song Khoai Industrial Park planning right at the working session. This will be a motivation for the unit to continue to make efforts and try to invest in completing the technical infrastructure system, in order to promptly meet the needs of attracting secondary investors to the Industrial Park area. In the immediate future, in the second quarter of 2023, we will try to attract 300 million USD in accordance with the direction of the Acting Chairman of the Provincial People's Committee.

The technical infrastructure system of Song Khoai Industrial Park is being invested and completed.

Currently, closely following the province's FDI attraction goals and plans, based on assigned tasks and functions, departments, branches and the People's Committee of Quang Yen town are closely coordinating to review difficulties and obstacles, thereby providing the most optimal solutions to support investors in implementing projects in the Quang Yen coastal economic zone. Especially in site clearance, creating clean land areas to welcome high-quality FDI capital flows that are being shifted from countries around the world to Vietnam.

In the immediate future, the focus will be on site clearance for the project to build a 110kV transmission line from the 220kV Yen Hung transformer station to the 110kV Amata 1 transformer station to ensure power supply to serve the electricity needs of the Jinko Solar 1 factory, which is about to come into operation in July 2023. At the same time, the People's Committee of Quang Yen Town will coordinate with the investor of Song Khoai Industrial Park to carry out site clearance for phase 2 with an area of ​​120.08 hectares.

The transport infrastructure in Quang Yen coastal economic zone is invested synchronously, connecting conveniently with key areas of the province. (In the photo: Ha Long - Hai Phong Expressway runs through Quang Yen coastal economic zone)

Mr. Nguyen Tien Hung, Director of the Quang Yen Town Land Fund Development Center, said: The unit committed to mobilize all 20 households affected by the 110kV power grid from the 220kV Yen Hung transformer station to the 110kV Amata 1 transformer station by the end of June, handing over to relevant units to implement the project. As for the land acquisition and clearance of the next phases of Song Khoai Industrial Park, the locality has issued decisions approving compensation plans, supporting land acquisition and clearance, as well as preparing resettlement plots to serve the relocated people. At the same time, closely coordinate with the investor of Bac Tien Phong Industrial Park to promptly resolve the land acquisition and clearance work for the 1.6ha currently stuck in relation to the Stavian project.

To ensure that Quang Yen coastal economic zone is truly attractive, a "red address" to attract FDI capital investment, in addition to the immediate tasks mentioned above, relevant departments, branches and sectors of the province need to quickly accelerate the completion of the Master Plan for the construction of Quang Yen coastal economic zone until 2040 to attract large investors in the fields of processing, manufacturing, logistics, and seaport logistics services. Along with that, continue to mobilize resources, diversify investment forms, build connecting routes, internal routes, especially soon complete the riverside route connecting Ha Long - Hai Phong expressway with Dong Trieu town, as a driving force, lever, creating new development space for the whole region.

Source: https://baoquangninh.vn/gia-tang-suc-hut-von-fdi-vao-kkt-quang-yen-3241630.html