"A magnet" for attracting investment.

In recent years, Quang Ninh has been recognized as a "golden land" attracting investment resources. Recognizing that FDI not only makes a significant contribution to the province's GRDP but also promotes the economic restructuring process , Quang Ninh accelerated its efforts from the beginning of 2023 to ensure completion. Attracting at least $1.2 billion in FDI investment. during the year.

Attracting investment capital.

With its geographical advantages, transportation infrastructure, and other benefits, Quang Ninh's investment attraction has seen a resurgence since the beginning of 2023, with many FDI projects being implemented in the province.

Leaders of the Quang Ninh Economic Zone Management Board presented the investment certificate for the Lioncore Vietnam 2 Factory project at Dong Mai Industrial Park (Quang Yen Town). *Photo: Nguyen Thanh*

The year began with the commencement of the BW Bac Tien Phong Industrial Development Project in January 2023. The project, covering a total planned area of 7.4 hectares in the Bac Tien Phong Industrial Park, has a total investment of $20.5 million. Its objective is to construct a high-quality system of prefabricated factories and warehouses to serve manufacturing and business projects within the Bac Tien Phong Industrial Park, thereby enhancing the park's attractiveness for investment.

Shortly thereafter, in mid-February 2023, in the presence of Prime Minister Pham Minh Chinh at the conference to implement the Government's Action Program on Resolution No. 30-NQ/TW (dated November 23, 2022) of the Politburo on socio-economic development and ensuring national defense and security in the Red River Delta region, Quang Ninh province granted investment registration certificates for the Boltun Vietnam project (Boltun Vietnam) to two Taiwanese investors (Bottun Corporation and QST International Corporation). These are the world's largest suppliers of locking pins to the automotive industry. The project has an investment capital of 165 million USD.

In this project, the investor will build a factory on a 35.27-hectare plot of land in the Bac Tien Phong Industrial Park. The project will be implemented in two phases, with a total designed capacity of 60,000 tons per year. Phase 1 is expected to commence construction in the second quarter of 2023, after the investor completes the required investment procedures.

Subsequently, in March, at the Bac Tien Phong Industrial Park, Indochina Kajima Co., Ltd. (a joint venture between Indochina Capital and Kajima Group - Japan) held the groundbreaking ceremony for the Core5 Quang Ninh project. The project involves the investment of 69,000 m2 of ready-built factory space meeting international standards for lease. Factory sizes range from 2,835 m2 to 18,194 m2. Each factory will be equipped with office areas and necessary amenities, a fire protection system within the factory area, dry cargo storage, and parking for cars and motorcycles.

Construction begins on the BW Bac Tien Phong Industrial Development Project at Bac Tien Phong Industrial Park (Quang Yen Town). *Photo: Nguyen Thanh*

Also in March, the Provincial Economic Zone Management Board awarded investment certificates to 3 FDI projects with a total investment of over 80 million USD, including: the Smart Lightweight Alloy Wheel Rim Production Project at Bac Tien Phong Industrial Park (Quang Yen Town), with an investment of 55 million USD, the investor being Xiamen Sunrise Group Co., Ltd.; the Lioncore Vietnam 2 Factory Project at Dong Mai Industrial Park (Quang Yen Town), with an investment of 15 million USD, the investor being Lioncore Vietnam Industry Co., Ltd.; and the Automotive Seat Belt Production Project at Song Khoai Industrial Park (Quang Yen Town), with an investment of over 10 million USD, the investor being Samsong Vina Co., Ltd. These are all investment projects in the processing, manufacturing, and high-tech industries.

Mr. Dang Minh Duc, Deputy General Director of DEEP C Vietnam, said: "With the close attention, support, and cooperation of Quang Ninh province, the first secondary project to be started at Bac Tien Phong Industrial Park at the beginning of the year is a welcome sign, opening up opportunities to attract investment into the industrial park in 2023. We are focusing resources on preparing the land, completing infrastructure, and promoting investment in port infrastructure and port services... This year, we strive to attract 14 secondary investors to implement projects in the industrial park."

Partnering with businesses

With the motto of always accompanying and creating the most favorable conditions to attract businesses to invest and commit to the locality, over the years, Quang Ninh province has strived to improve planning, create transparency and conditions for quick and convenient access to information on administrative procedures, land, land clearance, meeting the need for high-quality human resources, innovating and improving the effectiveness of investment attraction, especially for large, branded investors, prioritizing industries with high technological content and environmental friendliness. At the same time, it has always innovated its leadership and management, mobilizing the entire political system to resolve and remove obstacles and difficulties for businesses.

Mr. Koen Soenens, Director of Business & Marketing of DEEP C Industrial Park Complex, expressed his opinion at the first business meeting of Quang Ninh province in 2023. *Photo: Do Phuong*

Recognizing that FDI capital not only makes a significant contribution to the province's GRDP but also promotes economic restructuring, the province has developed an investment promotion program for the entire year to achieve the target of attracting US$1.2 billion in 2023. This program focuses on researching and evaluating potential, markets, trends, and investment partners; building an image and introducing the investment environment, policies, potential, opportunities, and connections; providing support and guidance to facilitate investment activities... Simultaneously, it is developing a set of criteria for attracting investment in the province; and finalizing digital investment promotion materials including: maps of economic zones and industrial parks, land use planning; and digital maps...

The province is continuing to focus on building, perfecting, and promulgating mechanisms and policies to attract investment; promoting planning and infrastructure development; improving the quality of human resources; innovating and enhancing investment promotion activities; and accelerating administrative procedure reforms...

Notably, provincial leaders and departments regularly inspect, meet, and exchange information with investors to promptly understand, listen to, and resolve obstacles in the investment process. The province also prioritizes attracting foreign investment in a targeted manner; attracting green, high-tech, and supporting technology investments; closely adhering to the spatial development orientation of "One center, two routes, multi-directional, two breakthroughs, three driving zones," creating transportation corridors linked to economic and urban corridors.

Shoe manufacturing at the Sao Vang Company Limited branch (Uong Bi City).

Along with that, emphasis is placed on attracting investors from Japan, South Korea, Taiwan, China, Europe, etc., ensuring the development direction is aligned. Since the beginning of the year, Quang Ninh has welcomed many economic organizations to work and explore investment opportunities. Specifically, a delegation from the Investment Promotion Board of Changzhou City Economic Zone (Jiangsu Province, China) visited to learn about the investment environment and investment opportunities at Hai Ha Port Industrial Park; delegations from the Singapore Embassy, the European Chamber of Commerce in Vietnam (EuroCharm), and US businesses also visited to work and learn about the investment environment in the province and its industrial parks and economic zones…

Mr. Nguyen Van Nhan, General Director of Amata Ha Long Urban Development Joint Stock Company, said: "With its outstanding potential, open policies, and the support and cooperation of the province, Quang Ninh has always been one of the top choices for Amata Group when researching investment in Vietnam. In the future, we very much hope to continue receiving the province's support in providing labor resources, clean land, and a stable energy supply to ensure our production activities."

Manufacturing electronic components at Bumjin Electronics Vina Company (Dong Mai Industrial Park, Quang Yen Town).

Thanks to comprehensive and effective solutions, Quang Ninh continued to lead the PCI (Provincial Competitiveness Index) in 2022. This is the sixth consecutive year the province has held the top position, and for ten consecutive years (2013-2022) has been among the top 5 provinces and centrally-governed cities with the best economic governance quality in the country, achieving double-digit growth for seven years.

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