The key role of foreign capital flows
In the first 9 months of 2025, investment attraction activities, especially non-budgetary capital sources in industrial parks and economic zones in the province, have achieved remarkable results. Total social investment capital has maintained a strong growth momentum, estimated at over VND 82,000 billion, up 11.4% over the same period in 2024 and completing 100% of the 9-month plan. In that overall "picture", industrial parks and economic zones continue to act as "magnets" to attract capital with the total investment capital attracted in the first 9 months reaching VND 95,861 billion, showing the concentration of large resources in these dynamic areas. Total investment capital attracted in the first 9 months of 2025 increased by 42.8% compared to the whole year of 2024, an important step forward in scale and speed.
Of this large investment capital, foreign direct investment (FDI) reached 276.62 million USD, equivalent to 6,992.5 billion VND. In the first 9 months of 2025, the province granted 13 new FDI projects with a total registered capital of 170.44 million USD and adjusted the capital increase for 13 other FDI projects with an additional capital of 106.18 million USD. This affirms the confidence of foreign investors in the business environment in Quang Ninh , not only through new investment but also through continued expansion of production scale. Cumulatively, the total number of investment projects in industrial parks that have been granted certificates is 180 projects, of which 139 are FDI projects, with a total registered capital of 10,028 billion USD.
The completion of investor selection for two large-scale domestic key projects, namely the Monbay Van Don high-end resort - entertainment complex, golf course and residential area project (worth 1 billion USD) and the high-end complex tourism service area project in Van Don Economic Zone (worth 2 billion USD), has contributed to ensuring that domestic non-budget investment capital also increased dramatically by 30.2 times compared to the whole year of 2024.
The above figures have firmly reinforced the role of FDI and the non-state economic sector as an irreplaceable growth driver. The estimated economic growth rate (GRDP) in the first 9 months of 2025 of the province reached about 11.66%, the highest increase in the past 10 years, far exceeding the figures ranging from 8.02% to 10.12% of previous years.
In particular, the processing and manufacturing industry, where FDI enterprises are mainly concentrated, has achieved a spectacular growth rate of 24.07%, continuing to affirm its position as a spearhead industry leading the economy. This sector contributes up to 3.29 percentage points to the overall growth of the whole province. This growth is demonstrated by the positive production and business results of the FDI enterprise sector. Many key industrial products have completed and exceeded the set plan, showing high operational efficiency.
Another important milestone is the commercial operation of major projects, notably the Thanh Cong Viet Hung Automobile Factory, which began commercial production in June 2025 and had relatively good output growth in August and September, creating a new driving force for the province's processing and manufacturing industry. In addition, according to the province's growth scenario, 10/12 projects expected to be completed in 2025 have officially come into operation.
The above figures and results are not only simple economic achievements but also proof of the correctness and flexibility in the investment attraction strategy, taking FDI as one of the basic driving forces for the goal of breakthrough in economic development of Quang Ninh.
Removing obstacles, accompanying businesses
In fact, although the total FDI capital attracted to industrial parks and economic zones in the first 9 months of 2025 has increased in the number of projects and adjusted capital, it has not yet reached expectations. The reason is due to unpredictable fluctuations in the world and regional situation, especially the escalation of trade and tariff policies between countries. FDI enterprises operating in industrial parks and economic zones are directly affected, leading to difficulties in signing new contracts, reducing consumption and production output.
The most heavily affected are the main export products to the US market. Specifically, solar panels such as silicon wafers and solar panels of Jinko Solar Vietnam Co., Ltd. continue to be heavily affected by the very high anti-dumping and anti-subsidy tax rates imposed by the US Government. This has caused the output of silicon wafers to only reach 79% of the plan and solar panels to only reach 71% of the 9-month plan. Similarly, vinyl floor panels are affected by the US's reciprocal tax, and electric bicycles are also among the main products exported to the US and have to face customers postponing and canceling orders due to tariff policies. The risk from these technical and tariff barriers has become a major bottleneck, directly affecting the growth momentum of the FDI sector...
Faced with that reality, the Provincial Party Committee, People's Council, People's Committee, departments, branches and functional units have actively listened, grasped and sought ways to resolve the difficulties and problems of FDI enterprises, paving the way for production and business activities.
The Provincial Economic Zone Management Board has implemented many solutions to remove bottlenecks and improve competitiveness. In the spirit of administrative reform, the Board strives to maintain 100% of procedures carried out online, strengthen propaganda, guide investors to carry out procedures online, creating an open and transparent administrative environment. The Board actively assesses the impact of the newly announced tax policy, especially after the US Government adjusted the reciprocal tax for Vietnam from 46% to 20% in August 2025, to promptly deploy measures to support businesses to maintain and expand production activities.
Comrade Truong Manh Hung, Head of the Provincial Economic Zone Management Board, said: The Economic Zone Management Board maintains regular contact with infrastructure investors and FDI enterprises to promptly grasp the situation and coordinate in handling arising issues related to security and order, environmental protection and incidents. In particular, production support is given top priority with the goal of striving to complete 100% of production targets for processed and manufactured industrial products according to the adjusted plan for 2025. To continue to improve the efficiency of FDI attraction, the Board identifies a number of strategic tasks, which are to remove obstacles in site clearance, urge to speed up progress for industrial zones, and prepare land lease applications in a timely manner. Along with that, the issue of sustainable development must be focused on, with a commitment to ensure that 100% of operating industrial zones have a centralized wastewater treatment system that meets standards.
Along with that, many long-term breakthrough solutions have been focused on by the province and its departments, branches and functional units to accompany FDI enterprises in production and business activities. In particular, the implementation of science and technology development and digital transformation is prioritized for early implementation. This is the direction to create new and different competitive advantages, through focusing on building 5G and IoT infrastructure, along with building smart operating systems in industrial parks and economic zones, promoting digital transformation on all three pillars: Digital government, digital economy and digital society.
In addition, the work of developing plans in accordance with the program and plan set out by the province in 2025 is also being urgently carried out. In particular, a number of tasks are being prioritized for completion, such as: Developing a master plan for the construction of Quang Yen coastal economic zone until 2040 to submit to the Prime Minister for approval; completing the master plan for the construction of Bac Phong Sinh border gate economic zone until 2045 to submit to the Prime Minister for approval; completing local adjustments to the master plans for the construction of Van Don economic zone, Mong Cai border gate economic zone, Hoanh Mo - Dong Van border gate economic zone to submit to the Provincial People's Committee for approval. At the same time, speeding up the progress of establishing, appraising, and approving zoning plans; appraising and approving detailed construction planning projects; appraising feasibility study reports on construction investment; granting construction permits in industrial parks and economic zones according to authority.
In particular, one of the extremely important tasks that the province focuses on is land clearance and land lease application for industrial parks. In particular, the priority in 2025 is to complete 100% of the area of Bach Dang Industrial Park and Song Khoai Industrial Park, bringing the total number of industrial parks that have completed 100% of the area to 7/10 industrial parks; complete the land allocation documents for the remaining area, reaching 100% of the area for Bach Dang Industrial Park, Texhong Hai Ha Industrial Park, Viet Hung Industrial Park; Implement land clearance for Dong Trieu Industrial Park and Hai Yen Industrial Park after the 2025 Land Use Plan is approved. Departments, branches and functional units will also strive to implement Action Program No. 572/CTr-UBND (dated March 17, 2023) of the Provincial People's Committee on implementing Resolution No. 10-NQ/TU (dated September 26, 2022) of the Provincial Party Committee on strengthening the Party's leadership in resource management, environmental protection, natural disaster prevention and mitigation, climate change response, ensuring water security in the period 2022-2030; continue to review and propose handling of projects that have been exempted from land rent in economic zones but have violations or are behind schedule... At the same time, maintain the rate of 100% of operating industrial parks with centralized wastewater treatment systems that meet environmental standards; Coordinate with localities to speed up the progress of site clearance for industrial park infrastructure projects and key projects in economic zones.
Source: https://baoquangninh.vn/nang-cao-hieu-qua-thu-hut-fdi-3383424.html
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