Over 970 million USD channeled into IPs in Quang Ninh

Industrial parks (IPs) and economic zones in Quang Ninh have so far lured over 22.4 trillion VND (over 970 million USD) in the first six months of 2021.

The province has granted new investment licences to five foreign-invested projects worth over 567.5 million USD or 13.1 trillion VND, and four domestic projects valued at over 8.6 trillion VND.

Meanwhile, over 425 billion VND were pumped into two existing FDI projects in the locality, including a photovoltaic cell technology project invested by Jinko Solar Technology Ltd of Hong Kong (China) in the Song Khoai Industrial Park.

The project is in line with the goal of developing Quang Ninh into a modern industrial and service locality and one of the dynamic and comprehensive development centres in the northern region.

As scheduled, the project will officially become operational in late October this year. It is expected to earn nearly 1.3 billion USD in annual revenue and create over 2,000 jobs for labourers.

Other outstanding projects include a factory manufacturing household appliances, electric bicycles by Multi-Sunny Vietnam Co., Ltd (10 million USD), Lioncore Vietnam factory by Lioncore Vietnam Industry Co., Ltd (30 million USD), Haiyun Vietnam project of Hai Van Co., Ltd. (10 million USD), and a project of Jingsung Hitec Vina Co., Ltd (over 13 million USD).

The locality has planned to coordinate with DEEP C Joint Stock Company to co-host an investment promotion conference themed "Coastal economic zones - Sustainable investment opportunities in Quang Ninh" in Ho Chi Minh City.

An investment promotion conference in pharmaceutical industry and other promotion activities are expected to be held in the year, as part of Quang Ninh’s efforts to attract more investment to the locality.

The local authorities have also paid attention to accelerating infrastructure development in IPs and economic zones in a comprehensive and modern direction, promoting administrative reform, and training high-quality workforce serving the demand in IPs and economic zones.