Attracting investment: A lever for economic growth.

Maintaining its leading position nationwide in investment environment reform, Quang Ninh is entering a new phase of acceleration with impressive figures in attracting domestic and foreign capital. Effective governance, synchronized administrative reforms, and strong investment in strategic infrastructure have created great confidence for investors, making capital flows a crucial driving force for rapid and sustainable economic growth.

The Quang Ninh Provincial Economic Zone Management Board awarded the Investment Registration Certificate to the Winner Medical Vietnam medical supplies manufacturing plant project (January 7, 2026).

During the 2021-2025 period, Quang Ninh's economy maintained high and stable growth. The average annual GRDP growth rate over the five years is estimated at 10.4%, 1.7 times higher than the national average; the size of the economy in 2025 is projected to reach approximately VND 395,000 billion, nearly 1.9 times higher than in 2020. GRDP per capita is expected to exceed USD 11,000, more than 2.2 times higher than the national average. Notably, total social investment capital during the 2021-2025 period is projected to exceed VND 490,000 billion, a 1.4-fold increase compared to the 2016-2020 period, with a growing proportion of non-budgetary capital, clearly demonstrating a shift towards the private sector and enterprises.

The year 2025 marks a significant breakthrough in attracting investment. As of December 30, 2025, total non-budgetary domestic investment reached approximately VND 480,000 billion, 15.9 times higher than in 2024. This includes 117 new projects with a total registered capital of approximately VND 201,020 billion, along with 225 projects that adjusted their capital upwards by more than VND 279,687 billion, notably the Ha Long Green project which increased its capital by VND 224,270 billion. This demonstrates the strong confidence of strategic investors in the province's investment environment.

In terms of foreign investment, during the 2021-2025 period, Quang Ninh attracted nearly US$9.77 billion in FDI, 5.1 times higher than the previous period, with over 68.5% concentrated in the processing and manufacturing industry, in line with the orientation of shifting the economic structure towards in-depth development. In 2025 alone, FDI is expected to reach US$793.5 million, equivalent to more than VND 20,369 billion.

Mr. Nguyen Van Nhan, General Director of Amata Ha Long Urban Development Joint Stock Company, said: Quang Ninh gives businesses a sense of security for long-term investment thanks to its good infrastructure, streamlined procedures, and the government's constant support in resolving difficulties.

The groundbreaking ceremony for the SGO We City Ha Long social housing project by the consortium of investors including Hai Phat Investment & Real Estate Business JSC - Hai Phat Land; SGO Investment & Real Estate Business JSC - SGO Land; and SGO Construction General Contractor JSC - SGO Construction (December 19, 2025).

One of the key factors contributing to Quang Ninh's investment appeal is its decisive administrative reform, prioritizing the needs of citizens and businesses. To date, 100% of transactions on the Public Service Portal are electronically verified via VNeID, the rate of timely processing of applications is nearly 100% at both levels of government, and cashless payments have reached 100%.

Quang Ninh continues to maintain its leading position in many national indicators: ranking first in the PCI for 7 consecutive years (2017-2023), leading the PAR Index for 6 years, leading the SIPAS for 5 consecutive years, leading the PAPI for many years, and ranking among the top in the country in the digital transformation index and ICT Index. In addition, investment efficiency is increasingly improving. The ICOR index decreased from 6.09 in 2020 to 5.28 in 2024, lower than the national average; the contribution of TFP to growth reached approximately 50% - reflecting a significant improvement in the quality of growth.

Mr. Pham Hong Bien, Director of the Department of Finance, stated: "The province's goal is not only to attract more capital, but more importantly, to select projects that are high-quality, technologically advanced, environmentally friendly, create added value, and have a long-term ripple effect on the economy."

Delegations from Japanese localities conducted a site visit to the Tamagawa Factory (Song Khoai Industrial Park) on November 24, 2025.

In the context of increasingly fierce competition to attract investment, Quang Ninh province recognizes the need for continued strong innovation to maintain its competitive advantage. First and foremost, the province will continue to promote institutional and administrative procedure reforms, shorten investment licensing times, increase transparency and policy stability, and improve the service capacity of its staff. Priority will be given to investing in strategic infrastructure, especially logistics, seaports, eco-industrial parks, digital infrastructure, and clean energy infrastructure, in order to create new development opportunities and reduce costs for businesses. The province will also continue to proactively attract strategic investors, focusing on high-tech processing and manufacturing industries, green economy, marine economy, high-quality tourism , innovation, and digital transformation; develop high-quality human resources, linking training with business needs, improving digital skills and management skills, and ensuring labor supply for large projects. Strengthening dialogue with businesses, promptly resolving difficulties, ensuring the legitimate rights of investors, while strictly controlling environmental factors, land use, and sustainable development.

The impressive growth figures in attracting investment not only reflect Quang Ninh's attractiveness but also affirm the local government's administrative capacity, reform spirit, and strategic vision. As capital continues to flow in and be utilized effectively, Quang Ninh has the foundation to maintain its position as a dynamic growth pole in the North, contributing to the realization of rapid, green, and sustainable development goals in the coming period.

Manh Truong

Source: https://baoquangninh.vn/thu-hut-dau-tu-don-bay-cho-tang-truong-kinh-te-3393275.html