Flexibility in attracting investment resources

To ensure the growth target of 14% in 2025, Quang Ninh has implemented many plans to promote socio-economic development. In particular, attracting investment is one of the important solutions, the key driving force to compensate for other sectors and fields of the province. However, in the first months of 2025, FDI capital into the province is still limited due to a number of objective factors, which has forced the province to have a new strategy, prioritizing domestic capital to compensate for the shortage.

Perspective of the high-end complex tourism service project in Van Don Economic Zone (Van Don casino).

Continuing the momentum of success, being one of the centers of FDI attraction in the country, launching the 2025 plan with the goal of making FDI capital an important driving force, promoting the industry to accelerate in the new period... Right from the beginning of the year, Quang Ninh has prioritized maximum resources to ensure synchronous infrastructure for industrial parks for manufacturing plants. The Provincial Economic Zone Management Board has coordinated with investors of industrial parks and localities to review land funds, speed up site clearance progress, ensure nearly 1,000 hectares of clean land to prepare for project implementation; at the same time, promote and improve the efficiency of the investment promotion model according to the "closed cycle" from supporting the implementation of investment procedures to post-investment support; build cooperative relationships with diplomatic agencies and international investment promotion organizations. Conduct research and propose specific mechanisms and policies to create competitive advantages in attracting investment for the province's industrial parks and economic zones...

However, in the first months of 2025, the international economic context has many fluctuations; strategic competition between major countries is fierce. In particular, the US's plan to impose new taxes on many countries, including Vietnam, has affected the psychology of many foreign investors, greatly affecting their decisions to invest and expand production in Vietnam in general and Quang Ninh in particular. Therefore, in the first 5 months of 2025, the total FDI capital only reached 234.09 million USD, 8 new projects were granted with a total investment capital of nearly 139.92 million USD, 36 projects were adjusted, of which 8 were adjusted to increase capital with a total additional capital of 94.09 million USD.

Mr. Pham Xuan Dai, Head of the Provincial Economic Zone Management Board, said: Investment promotion work in Quang Ninh in the early period of 2025 has been implemented methodically, applying many new and effective solutions. Many foreign investors have come to study and learn about investment opportunities in the province, however, investors are still hesitant and have not decided to invest because they are still monitoring new developments in tariff policies between countries in the world. With the goal of ensuring growth, the Provincial Economic Zone Management Board has proactively taken response solutions, advising the Provincial People's Committee to deploy a number of plans to attract new investment. In particular, renewing growth factors, focusing on removing difficulties for domestic and non-budget projects to speed up implementation progress to compensate for the shortage of investment capital.

Although the FDI capital attracted by Quang Ninh in the first months of 2025 was low, the domestic investment capital outside the budget by May 30 had reached over 12,500 billion VND, an increase of 47.5% over the same period in 2024. Of which, domestic investment capital in economic zones and industrial parks reached over 7,400 billion VND. Specifically, the Dong Trieu Industrial Park Infrastructure Construction and Business Investment Project has an investment capital of 1,515 billion VND; the residential area adjacent to the North of the 58km road axis of Van Don Economic Zone has a capital of nearly 1,000 billion VND; the Steel Structure Manufacturing and High-Tech Equipment Manufacturing Factory in Cai Lan Industrial Park has a capital of nearly 420 billion VND...

Deputy Prime Minister Nguyen Hoa Binh listened to a report on the plan to expand Van Don Airport to become a center for aircraft repair and production of machinery, spare parts, and aircraft components.

To continue to increase capital from domestic and non-budget projects, the Provincial Economic Zone Management Board is continuing to implement solutions to remove difficulties for key projects with large investment capital to be implemented this year. In particular, the Monbay Van Don high-end tourism, resort and entertainment complex, golf course and residential area, covering an area of ​​296.72 hectares with an investment capital of about 1 billion USD, has implemented bidding and selected investors. This June, the Board will submit to the Provincial People's Committee for approval of the results to start implementing the project investment. Similarly, at the Project of High-end Complex Tourism Service Area in Van Don Economic Zone (Van Don Casino) with a total investment capital of more than 2 billion USD, after explaining and consulting with relevant ministries and branches, the project is being submitted by the Ministry of Finance to the Government for consideration and decision on investment policy, and is expected to start construction in 2025. In addition, Quang Ninh is currently continuing to complete the policy of attracting and calling for more investors, implementing new investment projects in the year such as the Project of Aircraft Maintenance and Repair Center in Van Don; housing in Phuong Dong urban area, Van Don; Ninh Duong urban area, Mong Cai... with a total investment of domestic capital outside the budget reaching over 3.5 billion USD.

To meet the development requirements in the new period, Quang Ninh is prioritizing investment promotion with focus, key sectors using modern technology, clean technology, less resource loss, creating products with high added value; improving the quality of on-site investment promotion, in order to effectively exploit competitive advantages, increase the chances of success for businesses... Therefore, in the context of FDI capital facing difficulties due to objective conditions, proactively and effectively implementing a new strategy, prioritizing domestic capital to compensate for the shortage is a suitable and effective solution. Investment attraction will continue to be an important driving force contributing to the province's growth in 2025.

Do Phuong

Source: https://baoquangninh.vn/quang-ninh-linh-hoat-trong-thu-hut-nguon-luc-dau-tu-3361203.html