Investment News


Promoting advantages in attracting investment

06/12/2023

As the only locality in Vietnam with land and sea borders with China, where many competitive advantages and distinct potentials converge, Mong Cai has been promoting these advantages to socio-economic development, creating a strong transformation, playing a leading role, being the driving force and intersection point in the development strategy "Two corridors, one economic belt" Vietnam - China - ASEAN.

Van Ninh General Port Project (phase 1) will be completed and put into use in 2024.

 

 

With the motto "plan ahead, pave the way" to plan guidelines and foundations for development, on the basis of adjusting the General Planning for construction of Mong Cai Border Gate Economic Zone to 2040 approved by the Prime Minister, Mong Cai City Cai is actively coordinating with departments and branches to concretize the general planning, functional zoning plans of Mong Cai Border Gate Economic Zone, construction plans, and urban planning. To date, 4/9 functional subdivision plans have been approved by the province, and the remaining 5 functional subdivisions are being completed by the locality.

The city has completed construction and put into operation a number of projects and dynamic works such as: Temporary pontoon bridge Km3+4 Hai Yen; Thanh Dat ICD Port; Bac Luan II bridge and access roads, import-export infrastructure; Expand and upgrade Mong Cai International Border Gate; Urban development along the second expanded Mekong sub-region corridor, using ADB capital...

The city attaches special importance to attracting FDI, developing stable and sustainable trade relations with the Chinese market, diversifying trade partners, effectively exploiting free trade agreements, and building infrastructure. Pilot mechanisms and policies for implementing cross-border economic cooperation zones.

Breakthrough industries and products in the fields of logistics, processing industry, manufacturing, and e-commerce are given special attention, of

which the city reserves a land fund of about 2,500 hectares to build warehouses, yards, and ports. ; Prioritize the development of border tourism associated with general outlet shopping. For the processing and manufacturing industry, priority will be given to developing the textile and garment industry, food and beverage production and component production.

Investment projects in Mong Cai Border Gate Economic Zone apply the highest incentive and incentive mechanisms and policies that the State promulgates on foreign investment, domestic investment, investment in industrial parks and export processing zones. , border gate economic zone. Support policies on taxes, land use, site clearance and other support when businesses invest in the area receive special attention from the city. The city has completed and is implementing many transportation, seaport, and dynamic infrastructure projects, such as: Coastal road linking Van Don Economic Zone with Mong Cai Border Gate Economic Zone, section from Cau Voi to Provincial Road 335; Van Ninh general port; Road project connecting Van Don - Mong Cai expressway to Van Ninh Port.

 

Along with that, traffic routes in the industrial, service and logistics complex area south of Luc Lam river in Hai Hoa ward are linked to the Bac Luan II bridge path; Research to build Bac Luan III bridge connecting Mong Cai Border Gate Economic Zone and Dong Hung Development Pilot Area (China) and Hai Ha - Mong Cai coastal road... is being actively directed by the city. .

Accompanying and creating the most favorable conditions for businesses is Mong Cai's consistent viewpoint. The city always strives to act, giving investors the impression of transparency and favorable access conditions regarding administrative procedures, land, site clearance, human resource needs...

With the effective application of special preferential mechanisms and policies, high level of international competition, and pioneering in administrative procedure reform, Mong Cai City has attracted many large investors. In 2023, there will be 205 newly established enterprises (an increase of 33% compared to 2022), attracting an additional 553 import-export enterprises (an increase of 268 enterprises), bringing the total number of enterprises carrying out import-export procedures in the area to 969 ( an increase of 294 enterprises compared to 2022);

Attracting a new

textile and dyeing project to Hai Yen Industrial Park (Khanh Nghiep Vietnam Textile and Dyeing Co., Ltd.) with an area of 0.45ha, investment capital of 12 million USD, capacity of 24,200 tons of yarn/year.

The city has also worked with the Pan-Pacific Import-Export Company to invest in the construction of a general trade and service complex; Coordinate with the Provincial Economic Zone Management Board to guide investors to speed up the implementation of projects; Prepare dossier to request implementation of a number of motivational projects such as: Social housing project in Hai Yen ward; Project to expand the wharf area at Km3+4 Ka Long river; Proposing the province to add 2 processing, manufacturing and high-tech industrial clusters, manufacturing and assembling electronic components, accessories and auto parts south of Luc Lam river...

By making good use of different values and outstanding opportunities, Mong Cai City will be a potential investment destination for mutual development and prosperity.

 

Pr