Quang Ninh: Affirming its position as a destination for large enterprises

The year 2025 marks an important step forward for Quang Ninh on the national investment map when Vietnam Report announced the province as one of the Top 3 localities attracting the largest enterprises in Vietnam. According to the ranking, Quang Ninh holds the third position based on three criteria including the scale and number of large enterprises operating in the area, the quality of the investment environment attracting FDI and the GRDP growth rate. This ranking reflects the province's strong transformation in improving the business environment, upgrading infrastructure and effectively attracting capital flows into high value-added sectors.

Investors received decisions approving investment policies and investment registration certificates for projects at the Conference on promoting investment in science and technology development, innovation and digital transformation by 2025 on November 24, 2025. *Photo: Thu Chung*

Quang Ninh’s presence in the leading group reflects the development model based on institutional reform that the province has persistently pursued over the past decade. According to Vietnam Report’s assessment, continuously leading the PCI, promoting the digitalization of administrative procedures, making investment processes transparent and improving management capacity have created a solid foundation for businesses to confidently expand their operations. But the most convincing signal is the investment attraction results recorded in 2025.

As of November 10, 2025, Quang Ninh has attracted VND 240,394 billion in domestic and non-budgetary investment capital, 7.9 times higher than in 2024, a growth rate that demonstrates outstanding attraction in the context of increasingly fierce competition for investment attraction among provinces. With 100 new projects with a total registered capital of nearly VND 185,000 billion and 221 projects with increased capital of more than VND 55,000 billion, the capital flow into the province is not only large in quantity but also focused on industries that contribute greatly to long-term growth. It is estimated that for the whole year, Quang Ninh can reach VND 503,447 billion in investment capital, an increase of more than 16 times compared to the previous year, the figure shows that the Top 3 ranking result is completely commensurate with its strength.

It is noteworthy that Quang Ninh's investment capital in 2025 will not only increase sharply in scale, but also shift significantly to high-value areas such as modern urban development, high-end tourism and services, renewable energy, manufacturing and processing industry, logistics and industrial park infrastructure. These capital flows are in line with the province's economic restructuring strategy and contribute to shaping a development model based on clean industry, marine economy and high-quality services.

The province's breakthrough in attracting investment is associated with a series of strong administrative reforms in 2025. Quang Ninh has shortened the time for appraising investment policies, cut down land - construction - environment procedures, operated the "one-stop shop" mechanism more effectively at the Provincial Economic Zone Management Board, and deployed a smart operating system in industrial parks and economic zones to monitor progress, handle problems promptly and create the highest transparency for investors. Investment promotion trips to Europe, Belgium or Taiwan (China) also expanded the space for promotion and connection with international corporations.

Along with administrative reform, the province also focuses on improving infrastructure, which makes many investors consider Quang Ninh a "ready destination". From reviewing land funds, accelerating site clearance to preparing human resources and completing social infrastructure for industrial parks, Quang Ninh has proactively created conditions for businesses to implement projects as quickly as possible. The inter-regional expressway system, Van Don airport, Cai Lan deep-water port and coastal logistics network help the province become a strategic connecting pole of the North, while opening up a potential international trade and tourism corridor.

Workers working at Hai Ha Industrial Park.

These factors combine to form the foundation that makes Quang Ninh not only in the Top 3 localities attracting large enterprises, but also truly proves its ability to attract unprecedented investment capital. Many projects continue to expand in Quang Yen, Dong Trieu, Hoanh Bo, Van Don, which is a testament to the sustainable trust of enterprises in the market and local authorities. According to Mr. Ko Tae Yeon, Chairman of the Korean Business Association in Vietnam (KOCHAM), the potential, strengths as well as the results of development, growth, and investment attraction of Quang Ninh in recent times are very impressive. That is also the reason why more and more Korean enterprises have expressed their desire to learn and research new investment opportunities in the province, especially in the fields of science, technology, and innovation.

Entering 2026, Quang Ninh aims to continue improving the quality of capital flows, focusing on attracting high-tech, environmentally friendly, large-scale projects and contributing to the economic restructuring towards sustainability. Synchronous infrastructure preparation, thoroughly resolving bottlenecks in land, environment, and procedures, along with completing procedures for key projects and starting new projects will continue to affirm Quang Ninh's position on the national investment map.

Quang Ninh is demonstrating a comprehensive development model with a harmonious combination of institutional reform, modern governance, attracting high-quality investment and repositioning the local economy towards green - clean - sustainable. The results of 2025 are creating a solid foundation for Quang Ninh to continue affirming its role as the country's "new growth pole" in the coming period.

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