Quang Ninh's FDI attraction hits 478 million USD in January
The northern province of Quang Ninh attracted eight foreign direct investment (FDI) projects with registered capital totaling 478 million USD in January.
A corner of Ha Long city in Quang Ninh province. (Photo: VNA)
Hanoi (VNA) – The northern province of Quang Ninh attracted eight foreigndirect investment (FDI) projects with registered capital totaling 478 millionUSD in January.
Notably, the Gokin Solar of Hong Kong (China) project's photovoltaic cell technology complex has the highestcapital investment, amounting to 274.8 million USD.
As planned, there will be an additional seven investors from the US, China, andTaiwan (China) investing in Quang Ninh in the remaining months of the firstquarter. The locality expects to lure 1 billion USD in the first fourthmonths of 2024, or one-third of the plan set for the year.
Last year, it reported a breakthrough in attractinginvestment outside the budget, with a total capital of nearly 5 billion USD. Ofthis, FDI attraction topped 3.1 billion USD.
Quang Ninh also emerged as one of the leading localities nationwidein attracting foreign-invested projects in the year.
This was the record-breaking year in attracting new-generation FDIcapital after more than 20 years since the first FDI project inthe province in 2002.
The province is home to nearly 200 foreign-invested businesses from 20 countrieswith a total capital of nearly 14 billion USD. FDI projects are mainlyhigh-tech and environmentally friendly with modern management and high-addedvalue, which joined in global value chains.
From record results of FDI attraction in 2023, Quang Ninh setsto continue making breakthroughs and emerge as a top destination for FDI attractionnationwide.
According to Chairman of the provincial People’s Committee CaoTuong Huy, Quang Ninh prioritises attracting foreign investment, focusing on keysectors, multinational conglomerates across various industries, especially areaswhere the locality holds significant competitive advantages and distinctpotentials.
It also concentrates on repositioning its investment capital flow, prioritising theconnection of global production and supply chains, and attracting greeninvestment, high technology, and supporting technologies, he said.
Foreign investors have been investing in 16 out ♛of the 21 nationaleconomic sectors. The FDI sector has contributed over 76 million USD to thestate ꦏbudget, helping generate jobs for nearly 43,000 workers./.
The goal of attracting 1 billion USD in foreign direct investment (FDI) to industrial parks, economic zones in 2023 of the coastal province of Quang Ninh is quite positive, provincial leaders have said.
The northern province of Quang Ninh has implemented a series of investment attraction solutions towards luring over 1 billion USD of foreign direct investment (FDI) to industrial parks and economic zones this year.
The northern province of Quang Ninh attracted over 3.1 billion USD to its industrial parks and economic zones in the first 10 months of this year, surpassing the FDI attraction target assigned by the provincial People's Committee by 158.57%.
The northern province of Quang Ninh aims to lure 3 billion USD to economic and industrial zones in 2024, heard at a meeting in the locality on November 22.
The northern province of Quang Ninh took the lead nationwide in foreign direct investment (FDI) attraction in the January-November period, with nearly 3.11 billion USD.
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A corner of Ha Long city in Quang Ninh province. (Photo: VNA) 
