Quang Ninh promotes investment attraction promotion in the context of the epidemic

Electronic equipment production at Foxconn Group's S-Vietnam Factory in Dong Mai Industrial Park

Until the end of the year, Quang Ninh province will carry out a series of activities to promote investment attraction and promote economic development in the context of the epidemic.

The province is expected to coordinate with DEEP C Joint Stock Company to co-host an investment promotion conference with the theme "Coastal economic zone - Sustainable investment opportunities in Quang Ninh" in Ho Chi Minh City to attract investors.

The province will coordinate with the Provincial Investment Promotion Agency to organize an investment promotion conference in the pharmaceutical field in 2021 in Quang Ninh province and coordinate with infrastructure investors in industrial parks to promote investment in the area of industrial parks a number of projects, such as the textile product project of Super Cap Company (Taiwan, China); warehouse project, ready-built factory of Logos Company (Australia) and the complex project of the warehouse, liquid cargo port and gas production value chain of Yen Hung Petrochemical Joint Stock Company.

Along with that, the province is continuing to accelerate the progress of investment in completing infrastructure of industrial parks and economic zones in a synchronous and modern direction; at the same time study and promulgate mechanisms and policies that are attractive enough to promote the development of infrastructure of industrial parks and economic zones; policies on construction investment of social facilities and social housing for workers and employees and policies on attracting and training high-quality labor resources to serve industrial parks and economic zones.

Accompanying businesses, Quang Ninh province will strengthen the application of information technology, review and simplify administrative procedures. Local governments and provincial branches focus on clearing the ground for investment projects in industrial parks and economic zones to soon hand over clean ground to investors for project implementation.

In the first 6 months of the year, despite being heavily affected by the COVID-19 epidemic, thanks to strengthening and improving investment promotion activities such as working directly with investors, providing information via phone, email, social networks, online meeting applications..., Quang Ninh province has attracted a large amount of investment capital in industrial parks and economic zones.

Mr. Hoang Trung Kien, Deputy Head of the Economic Zone Authority of Quang Ninh Province, said that with the potentials and advantages of technical infrastructure and a safe and stable location, many investors have decided to continue to expand the investment scale and invite partners to invest in Quang Ninh.

By the end of June 2021, the total attracting investment capital in industrial parks and economic zones in Quang Ninh province reached over VND 22,400 billion (equivalent to USD 975 million).

Among them, the province has granted new investment registration certificates for 5 FDI projects with a total investment capital of over 13,100 billion VND and 4 domestic projects with a total investment capital of over 8,600 billion VND; adjusted to increase capital for 2 FDI projects with an additional investment capital of over 425 billion VND.

There are some typical projects attracting investment such as the factory manufacturing household appliances and electric bicycles of Multi-Sunny Vietnam Co., Ltd. ($10 million); Vietnam Lioncore Factory of Vietnam Lioncore Company Limited ($30 million); Vietnam Haiyun Project of Hai Van Co., Ltd. ($ 10 million); Garment Factory Project at Standard Factory No. 2 of Hoa Loi Dat Vietnam Garment Co., Ltd (8 million USD); Jingsung Hitec Vina Co., Ltd project of Jinsung Vina Company Limited (over 13 million USD).

In particular, the Jinko Solar PV Vietnam photovoltaic cell technology project of Jinko Solar Vietnam Industry Company Limited in Song Khoai Industrial Park, with a registered investment capital of nearly 500 million USD, is the FDI project with the highest total investment ever in the industrial zones of the province.