FDI investment in Quang Ninh posed a surge of 30.4 percent

The latest statistics showed that the northeastern province of Quang Ninh has attracted a total registered capital of 567.3 million USD in foreign direct investment so far in 2016.

The figure represented a surge of 30.4 percent from the same period last year. This investment was poured into 12 new projects and eight existing one. The remarkable FDI projects includeda 77.41-million-USD textile-garment-dying complex in the Texhong Hai Ha Industrial Park and a 310-million-USD project on developing a seaport and industrial park complex in the Dam Nha Mac area, Quang Yen town.

Regarding domestic investment, Quang Ninh province has lured 21 new projects and seven capital adjustment projects were licensed with combined capital of 17.8 trillion VND (798 million USD) so far this year. The largest domestic projects included the FLC Ha Long complex (nearly 2.5 trillion VND), phase 1 of the multifunctional seaport project on Hon Mieu island (1 trillion VND).

In total, Quang Ninh has attracted a total of over 30 trillion VND (1.35 billion USD) in investment capital in 2016. The results have shown that the investment environment in Quang Ninh continues improving.

The province has pushed forward measures to support enterprises in implementing the Government’s Resolution 35/NQ-CP on May 16, 2016 on developing enterprises until 2020.

The provincial authorities have established consulting teams to timely handle difficulties and arising problems for enterprises, and made efforts to improve investment promotion activities, with several investment promotion events held in Malaysia, Singapore, and Taiwan.

Moreover, the province provided assistance to startups and enterprises’ efforts to reform technology while adopting policies to stimulate investment in infrastructure of industrial clusters in Quang Ninh province.

Source: VNA