Quang Ninh to attract more FDI projects in 2nd quarter

Quang Ninh is expected to welcome nine new FDI projects in the processing-manufacturing industry in the second quarter of this year, according to the  provincial economic zone management board.

Many foreign corporations have come to seek for investment opportunities in Quang Ninh since the beginning of this year, including Janpan’s Sojitz, China’s Geely, Wish U Success and Campal groups of China’s Taiwan, Škoda of the Czech Republic, and Frasers Property Holdings of Singapore.

The province attracted nearly 500 million USD in FDI, equivalent to 40.9% of the yearly target in the first quarter of 2023.

On March 9, investment certificates were granted to three foreign-invested projects with total registered capital of $80 million. The province is expected to welcome nine new FDI projects in this field in the second quarter of this year.

Quang Ninh has a politically and economically strategic position with unique potential and competitive advantages when it comes to attracting foreign direct investment, being the only municipality of Vietnam with both a land and maritime border with China, including three border gates.

The province has recently focused on developing its transport infrastructure, particularly its transport connections to highways, airports, and sea ports. Its highway system has a total length of  176km, accounting for 16.8 per cent of the country’s total. The province has also coordinated with its neighbouring localities like Hai Phong, Hai Duong, Bac Giang and Lang Son in resources and transport infrastructure development.

This locality is home to the largest total area of ​​industrial and economic zones in the country with two Coastal EZs, three Border Gate EZs, and 16 IZs. 

The quality of labour resources has met the demand for skilled labourers of foreign investors with the rate of trained workers reaching 85%.