Quang Ninh presented investment certificates to two Japanese projects
Two Japanese projects worth 115 million USD in total were granted the nvestment certificates by the Quang Ninh Economic Zone Authority (QEZA) on April 19.
These new projects located at Song Khoai industrial park include a plastics moulding plant invested by Tenma Vietnam Co., Ltd. at a total cost of 56 million USD and an electro-mechanical system project invested by Yaskawa Electric Vietnam Co. Ltd. with a total registered capital of nearly 59 million USD.
It is estimated that the former will become operational in the second quarter of 2025 and the latter will be operational in April 2026.
Quang Ninh has recently emerged as one of the leading localities nationwide in attracting foreign-invested projects in the year. It aims to absorb at least $3 billion worth of foreign investment by the end of this year.
According to Chairman of Quang Ninh People’s Committee Cao Tuong Huy, the province prioritises attracting foreign investment, focusing on key sectors and multinational conglomerates across various industries, especially areas where the locality holds significant competitive advantages and distinct potentials.
It also concentrates on repositioning its investment capital flow, prioritising the connection of global production and supply chains, and attracting green investment, high technology and supporting technologies, he said.
