Quang Ninh’s six-month domestic investment reaches yearly target

The northern province of Quang Ninh attracted more than 44 trillion VND (1.85 billion USD) of domestic investment capital in the first six months of this year, equivalent to 102.4% of the target set for the entire 2023 and up 29.8% over the same period last year.

Quang Ninh province fulfilled its target half a year ahead of schedule.

Some domestic projects registered large investment including the Stavian Quang Yen Petrochemical Factory in Quang Yen Economic Zone with total investment capital of over 36 trillion VND (1.5 billion USD) and a construction project of Yen Hung Liquid Cargo Port worth 792 billion VND (33.38 million USD).

In the first half of this year, the province also attracted 894 million USD of foreign direct investment (FDI), meeting 89% of its yearly target.

Head of the Quang Ninh Economic Zone Management Authority Hoang Trung Kien said that the yearly target of attracting 1.2 billion USD in FDI capital is feasible.

Besides FDI enterprises from established markets such as China, Hong Kong (China), Taiwan (China), Singapore, Japan and the Republic of Korea, Quang Ninh received investment from Sweden for the first time, raising the number of countries and territories investing in the province to 20.