Affirming position as an attractive investment destination

Assembly and completion of the car seat belt production line at SAP Vina Co., Ltd., Song Khoai Industrial Park. *Photo: Minh Duc*

Specifically, on July 8, THDV Green Development Investment Consulting Joint Stock Company had a meeting with the province, proposing to invest 5 billion USD to build the GH2 Green Energy - Circular Economy Complex in Quang Ninh. Accordingly, the enterprise will invest in the project with 3 components including: GH2 Green Energy Complex with a scale of 713 hectares, including 5 GH2 Modules, 24 domestic production factories; Angus beef cattle breeding center with a scale of 65 hectares, including a farm system, a biomass processing factory purchased from farmers, a cattle feed processing factory and a factory processing organic fertilizers, livestock waste will serve the electricity production industry of the GH2 complex; an agricultural and forestry raw material growing area with an area of about 70,000 hectares...

Along with that, on July 10, Pacific Construction Group announced that it had prepared a pre-feasibility study report and proposed to invest in the Cua Luc Bay Road Tunnel Project. Accordingly, the project has a total estimated investment of about 10,000 billion VND, with an expected implementation period from 2025 to 2030. Regarding the investment form, the investor will study and research payment methods and methods in accordance with investment needs and regulations of the Investment Law under the public-private partnership method and current Vietnamese laws. In case the project is implemented under the BT (build-transfer) method, the investor proposes to study the overall planning of the area north of Cua Luc Bay.

Two major investment proposals in one week are clear evidence of Quang Ninh ’s strong appeal to both domestic and foreign strategic investors. In particular, these are also two breakthrough investment proposals in terms of development models (circular economy, renewable energy) and transport infrastructure. This is also the result of Quang Ninh’s efforts to attract investment in recent times.

In particular, the province has effectively improved the investment and business environment, created a transparent investment environment, and resolutely reformed. In particular, it has changed the direction and management methods, clearly defining the spirit of serving the people and businesses, instead of managing and supporting as before. To support businesses, the province has established working groups to remove difficulties and obstacles for businesses, and continued to reform administrative procedures extensively and comprehensively. Provincial leaders have proactively met and had dialogues with businesses, removing obstacles in land, procedures, and planning; in the first 6 months of the year, 136 business recommendations were handled.

Along with that, Quang Ninh also does a good job of clearing land, building and developing infrastructure for industrial parks and industrial clusters, ensuring technical criteria, meeting conditions for production and business of enterprises. Proactively creating clean land not only shortens the access time of investors but also contributes to creating a competitive advantage for the province in attracting secondary investment capital.

According to data from the Provincial Statistics Office, in the past 6 months, the total investment capital implemented in the province is estimated at 51.4 trillion VND, an increase of 11% over the same period in 2024. The total FDI capital attracted in the province reached 292.01 million USD, equal to 18.8% of the same period. Of which, 12 projects were newly granted investment registration certificates reaching 173.64 million USD and 10 projects adjusted to increase capital reaching 116.47 million USD.

With these results, Quang Ninh has been affirming its position as a "fertile land" for investors, continuing to be a bright spot on Vietnam's investment attraction map, contributing to realizing the aspiration of becoming a model, rich, civilized and modern province.

Aquarius

Source: https://baoquangninh.vn/khang-dinh-vi-the-la-diem-den-dau-tu-hap-dan-3366409.html