Quang Ninh's FDI attraction hits 478 million USD in January

Quang Ninh province attracted eight foreign direct investment (FDI) projects with registered capital totaling 478 million USD in January.

Particularly, the Gokin Solar of Hong Kong (China) project's photovoltaic cell technology complex has the highest capital investment, amounting to 274.8 million USD.

As planned, there will be an additional seven investors from the US, China, and Taiwan (China) investing in Quang Ninh in the remaining months of the first quarter. The locality expects to lure 1 billion USD in the first fourth months of 2024, or one-third of the plan set for the year.

In 2023, Quang Ninh province led Vietnam in FDI attraction in 2023, receiving total investment capital of over $3 billion, 3.1-fold higher than the annual target.

The province is home to nearly 200 foreign-invested businesses from 20 countries with a total capital of nearly 14 billion USD. FDI projects are mainly high-tech and environmentally friendly with modern management and high-added value, which joined in global value chains.

From record results of FDI attraction in 2023, Quang Ninh sets to continue making breakthroughs and emerge as a top destination for FDI attraction nationwide.