Quang Ninh sees positive economic growth

Securing over $1.8 billion in foreign direct investment, the northern province ranked third nationwide in FDI attraction.

In the first nine months of 2024, Quang Ninh province achieved an 8.02% Gross Regional Domestic Product (GRDP) growth and collected nearly VND40.5 trillion (more than $1.57 billion) in state budget revenue, reaching 73% of the annual target.

Securing over $1.8 billion in foreign direct investment in the nine-month period, the northern province ranked third nationwide in FDI attraction.

These were among the highlights presented by Standing Vice Chairwoman of the provincial People's Council Vi Ngoc Bich at a meeting of the People’s Council on November 5.

According to data from the Ministry of Planning and Investment, Quang Ninh's FDI attraction includes 27 new projects with a total registered capital of $1.6 billion, while 19 existing projects enjoyed additional capital of over $200 million. Notably, in the third quarter alone, total FDI flow poured into Quang Ninh nearly doubled the figure recorded in the same period last year.

Key industries, such as manufacturing, continue to drive FDI inflows, accounting for over 85% of total registered investment capital. Industrial parks and economic zones in Quang Yen and Hai Ha districts have been particularly attractive to foreign investors.

FDI projects in Quang Ninh have demonstrated strong performance, generating over $4.7 billion in revenue from production and business activities and contributing nearly $102 million to the state budget. Additionally, these projects have created employment opportunities for approximately 48,300 workers.

Despite facing challenges from natural disasters, especially Typhoon Yagi which hit the north of Vietnam, including Quang Ninh, in early September, the province remains committed to its annual FDI target of $3 billion, the Voice of Vietnam reported.

The province is actively promoting investment attraction, providing support for businesses, and expediting land clearance processes to create a favorable investment environment.