Quang Ninh: A "magnet" attracting strategic investment capital

“Magnets” attracting investment

Over the past years, Quang Ninh has proactively implemented synchronous solutions to create a transparent, open and effective investment environment. With the viewpoint that "The success of enterprises and investors is also the success of Quang Ninh province", over the past years, the province has always created an open, favorable, transparent and effective investment environment, especially always accompanying and removing difficulties and obstacles for investors to be able to implement projects as quickly and effectively as possible.

Song Khoai Industrial Park (Quang Yen coastal economic zone) has been investing in synchronous and modern technical infrastructure, becoming increasingly attractive to secondary investors who are looking for investment opportunities in Quang Ninh province. Photo: AMATA Ha Long

The proof is that the PCI Index in 2024 of Quang Ninh ranked 2nd in the ranking of provinces and cities with the best governance quality. The PAR Index in 2024 of Quang Ninh province ranked 4th among provinces and cities. The index of people's satisfaction with the service of state administrative agencies in 2024 (SIPAS) ranked 4th among provinces and cities.

With the favorable investment environment, transparent, quick and effective administration, in the first 7 months of 2025, Quang Ninh attracted foreign direct investment (FDI) reaching 306.3 million USD, of which 14 newly licensed FDI projects with a total registered capital of 181.84 million USD, 12 projects adjusted to increase capital with a total increased capital of 122.56 million USD. Attracting domestic investment capital outside the budget in July 2025 reached 2,850 billion VND, the accumulated 7 months of attracting investment outside the budget reached 136,933.65 billion VND, 14.2 times higher than the same period. Of which, the number of new projects is 62 with a total registered investment capital of about 79,574.15 (projects outside the economic zones and industrial parks are 36 projects with a total registered investment capital of about 45,997.57 billion VND; projects inside the economic zones and industrial parks are 16 projects with a total registered investment capital of about 33,576.59 billion VND). The number of projects that have overcome difficulties and adjusted is 142 projects with a total adjusted capital increase of 57,359.5 billion VND (projects outside the economic zones and industrial parks are 68 projects with a total adjusted investment capital increase of about 49,693 billion VND; projects inside the economic zones and industrial parks are 74 projects with a total registered investment capital increase of about 7,666.5 billion VND).

Infrastructure of Bac Tien Phong Industrial Park. Photo: Huy Dung

One of the main highlights is the Quang Yen coastal economic zone (EZ), with a scale of more than 13,300 hectares. Up to now, in addition to 5 industrial parks (IPs) including: Dong Mai, Song Khoai, Nam Tien Phong, Bac Tien Phong and Bach Dang; Quang Yen coastal EZ has attracted 24 new projects, with a registered area of more than 137 hectares. Of which, there are 23 FDI projects with a total capital of nearly 1.34 billion USD and 1 domestic project with a total capital of about 741 billion VND. A series of large international corporations such as Foxconn, IKO Thompson, Tenma, Yaskawa... have chosen to set foot in this land.

Mr. Bruno Jaspaert, General Director of DEEP C Industrial Park Complex said: “Quang Ninh province is known to many European investors thanks to its advantages related to logistics and geographical location. This is not a natural achievement, but the result of a long-term strategy, long-term vision, practical experience in industrial park development, logistics and many preferential policies for investors that the province can bring to investors. Up to now, our Industrial Park Complex has attracted nearly 6 billion USD in investment capital, of which many secondary projects have come into operation. In the coming time, DEEP C will connect Lach Huyen Port ( Hai Phong ) and the port clusters of 2 DEEP C Industrial Parks in Quang Ninh. In addition, we are working hard to develop the portfolio of current investors”.

In addition, Van Don Economic Zone is also affirming its role as a new growth pole, oriented to become an industrial, entertainment center with casinos and high-end tourism of Quang Ninh. After many years of efforts to invest, promote and attract strategic investors, Van Don Economic Zone has clearly transformed. Technical infrastructure - services have been basically completed, creating a solid foundation for long-term development. Currently, this place has attracted more than 60 non-budget projects with a total registered capital of about 63,000 billion VND.

Ao Tien International Port - one of the strategic infrastructures helping Van Don tourism take off after becoming a special economic zone. Photo: QMG

In addition, many large domestic and foreign corporations, enterprises and investors have continuously come to study and propose to implement billion-dollar projects in Quang Ninh. Recently, Pacific Construction Group (China) came to study and propose to prepare a pre-feasibility study report for the Cua Luc Bay road tunnel project with a total estimated investment of about 10,000 billion VND, expected implementation time from 2025-2030.

Or THDV Green Development Investment Consulting Joint Stock Company has also reported and proposed to Quang Ninh province about the GH2 Green Energy Circular Economic Complex in Hai Ha Industrial Park. The total investment of the project is about 5 billion USD. The project will form complexes to produce biomass electricity, renewable electricity and use this electricity source with water electrolysis technology to produce liquefied gas fuel (green hydrogen and green oxygen); provide biomass fuel source (biomass) to serve the electricity production of the GH2 complex and the Angus beef farm...

Not only focusing on developing coastal economic zones, Quang Ninh also promotes exploiting the potential in border economic zones. Currently, the whole province has 3 border economic zones with a total area of over 144 hectares including: Mong Cai, Hoanh Mo - Dong Van and Bac Phong Sinh. In which, Mong Cai Border Economic Zone is one of the large-scale areas identified as a dynamic and key national area. Up to now, this place has attracted more than 120 projects with a total investment capital of nearly 2 billion USD and nearly 24,000 billion VND; contributing to promoting trade, developing the border economy and strengthening economic connectivity with the Chinese market.

Building a sustainable development model

Quang Ninh has clearly identified investment attraction as a key driving force to achieve the 14% growth target by 2025. The province is prioritizing investment promotion in the fields of high technology, renewable energy, logistics services, high-quality tourism and semiconductors. Along with that, the target is to have 87.5% of the workforce trained by 2025, reaching over 90% by 2030 to meet the development requirements of new generation industries.

Along with special economic zones such as Van Don and Co To, which are applying special mechanisms according to the Central Government's policy, Quang Ninh has many advantages in the competition to attract investment. The province is also proposing many separate mechanisms for economic zones and industrial parks, creating outstanding advantages in attracting new FDI capital flows.

Bac Luan II Border Gate (belonging to Mong Cai Border Gate Economic Zone) plays an important role in import-export activities of Quang Ninh province. Photo: Quynh Nga

In addition to coastal economic zones, the system of border economic zones of Quang Ninh is also oriented to develop in depth, with 3 main pillars: Border trade economy, trade - tourism services and seaport - logistics. The province has a policy of "public investment leading private investment", taking advantage of the budget to build strategic infrastructure projects such as highways, border urban areas... From there, creating a solid foundation to attract investment in areas such as industrial parks, warehouses, bonded warehouses and border services.

Currently, the province continues to direct long-term strategic planning work. A series of planning tasks are being implemented such as: General planning of Quang Yen coastal economic zone to 2050; planning of Bac Phong Sinh border gate economic zone to 2045; reviewing and adjusting the general planning of Hoanh Mo - Dong Van economic zone and implementing 22 zoning planning projects in Mong Cai border gate economic zone (of which 19 projects have been completed and the remaining project is being implemented).

From the existing foundations, Quang Ninh aims to build a system of green, modern and efficient economic zones and industrial parks, as a driving force to promote rapid and sustainable economic development, associated with improving the quality of life for the people.

Mr. Pham Duc An, Chairman of the Provincial People's Committee, Secretary of the Quang Ninh Provincial Party Committee emphasized: With high political determination, flexible strategy and substantial companionship with investors, Quang Ninh continues to focus on building economic zones into strong, modern and sustainable growth poles. The technical infrastructure system is increasingly improved, the investment environment is transparent, and administrative procedures are constantly reformed; thereby creating a solid foundation for the province to continue attracting high-quality investment capital. This is an important driving force to help Quang Ninh affirm its position as a new investment center, not only in the North but also a model in the whole country in attracting and effectively using development resources.

Source: https://baodautu.vn/quang-ninh-thoi-nam-cham-hut-dong-von-dau-tu-chien-luoc-d354246.html