Quang Ninh issues series of commitments to attract investors

Quang Ninh People’s Committee will implement seven commitments to attract investors and simultaneously support the business community to expand operations.

At the meeting between provincial leaders and representatives of investors on October 12, Chairman of Quang Ninh People’s Committee Nguyen Tuong Van asserted that the province will accelerate the provincial planning and create favourable conditions for investors as soon as possible.

“The province will continue to improve the administrative procedures, the investment and trade environment, and the provincial competitiveness index to create a breakthrough for attracting investment inflow under the public-private partnership model in strategic infrastructure,” Van said.

The province will prepare clean land for investors and develop synchronised infrastructure. Besides this, Quang Ninh also prepares an available labour force for investors.

"Ensuring defence and border security as well as safety for investors, the business community and people are the province’s priorities," Van said.

The province will deal with difficulties and barriers for businesses during the investment and operation process in the province.

The northeastern province of Quang Ninh maintained its top spot in the rankings of the Provincial Competitiveness Index since 2017. The province leads the two sub-indexes of market entry cost (7.98 points), and cost and time for handling administrative procedures (8.25 points).

Overall, Quang Ninh is the only locality with a very good score of 73.02, outscoring the other cities and provinces in the top 10 by a wide margin.

Local industrial and economic zones are accommodating 283 valid investment projects, including 90 foreign-invested projects worth over $4.3 billion and 193 domestic ones worth over $4.86 billion.