Quang Ninh welcomes the "wave" of global FDI shift

In the context of the strong shift in global foreign direct investment (FDI) flows, with outstanding potential and sustainable development orientation, Quang Ninh is seizing the golden opportunity to attract high-quality FDI flows, especially green FDI, towards a new, environmentally friendly growth model.

Representative of Texhong Group in Vietnam introduced to the provincial leaders some textile products of FDI enterprises in Hai Ha Industrial Park at the Exhibition "80 years of journey of Independence - Freedom - Happiness" in Hanoi .

In the 2020-2025 period, Quang Ninh made a special mark in attracting investment, with a total of 150 newly licensed projects, 90 projects adjusting capital increase in industrial parks and economic zones, total attracted capital of nearly 324,000 billion VND, 4.4 times higher than the 2015-2020 period and reaching 280% of the target set by the Resolution of the 15th Provincial Party Congress, term 2020-2025.

Notably, FDI attraction in industrial parks and economic zones reached nearly 8.16 billion USD, accounting for 83% of the total FDI capital of the province, an increase of 5.7 times compared to the previous period. FDI projects focus on high technology, environmentally friendly, high added value, international brands and strong spreading ability, clearly demonstrating the orientation of selective attraction and quality improvement. From there, creating industrial products with high quality and high added value, in which the processing and manufacturing industry has an average growth rate of over 20%/year, contributing 12.43% of the province's GRDP by the end of 2024. In particular, 100% of operating industrial parks have installed centralized wastewater treatment systems and automatic environmental monitoring, contributing to ensuring sustainable development.

Ms. Nguyen Thi Bui, General Director of External Affairs and Director of New Energy Market Development of Texhong Group in Vietnam, said: Quang Ninh's industrial development strategy in recent times has achieved positive results thanks to the open and favorable investment environment; administrative procedures are received and resolved quickly and neatly, thereby creating peace of mind for investors, especially for large investors, using modern production technology, contributing to transforming the growth model and enhancing the position of Quang Ninh in the industrialization and modernization process. Currently, FDI enterprises continue to implement new development strategies in Quang Ninh, including the proposal to deploy investment in technical infrastructure phase 2 of Hai Ha Industrial Park, gradually welcoming the wave of FDI shifting to Quang Ninh.

Hai Ha Industrial Park has now attracted 30 FDI projects.

Although Quang Ninh has made important strides in attracting investment and developing green industry, the localization rate is still low, supporting industrial enterprises are not numerous, mainly producing simple components with low technology content; industry linkages are not tight, there is a lack of complete value chains, and the effectiveness of cooperation and resource sharing has not been fully exploited; inter-regional connectivity infrastructure has been heavily invested but the exploitation efficiency is not commensurate; Green FDI - investment capital flow into environmentally friendly fields is still modest, especially in agriculture , due to the lack of preferential policies and clear criteria.

In order to achieve the goals set out in the Resolution of the 16th Provincial Party Congress on attracting FDI capital and developing green industry, Quang Ninh province will have to quickly overcome existing shortcomings to welcome the wave of global FDI investment.

Mr. Truong Manh Hung, Head of the Provincial Economic Zone Management Board, said: The province has implemented four groups of solutions to strongly attract global FDI capital flows. These are: perfecting the legal and policy framework; developing infrastructure and green industrial ecosystem; improving the quality of human resources; and improving the investment environment. Each group of solutions will be carefully studied to remove barriers and bottlenecks, turning challenges into opportunities. In particular, issuing clear criteria for green FDI, linked to commitments to sustainable development and international practices; building a selective investment incentive framework, focusing on research and development projects, technology transfer, and training high-quality human resources.

Jinko Solar factory produces solar panels at Song Khoai Industrial Park.

The province needs to plan industrial parks according to the ecological - circular model, promote the industrial symbiosis model; invest in renewable energy such as wind power, solar power, ensuring a stable supply of clean electricity; form inter-regional industrial clusters; train officials and workers in green technology, circular economy, foreign languages ​​and international integration; build specialized training centers, closely linking the state - schools - enterprises. In particular, continue to strictly monitor environmental protection, not expand or extend outdated technology projects; proactively remove difficulties in site clearance, technology transfer, land access, creating favorable conditions for investors.

These strategic steps not only help Quang Ninh welcome the "wave" of FDI shifting globally, but also create new development momentum for the province in the period 2025-2030. With a strategic vision and strong determination, Quang Ninh is ready to become a leading destination for international investors, realizing the goal of green and sustainable growth, contributing to bringing Vietnam to a new position in the global value chain.

Manh Truong

Source: https://baoquangninh.vn/quang-ninh-don-lan-song-dich-chuyen-fdi-toan-cau-3379872.html