FDI creates momentum for Quang Ninh

The northeast province of Quang Ninh aims to attract 500 million USD for seven FDI projects this year.
The northeast province of Quang Ninh aims to attract 500 million USD for seven FDI projects this year.

They include two on-going projects; the 150 million USD expansion of Hai Ha seaport, and a 35.5 million USD rare earth processing plant.

The province is calling for foreign investors in hi-tech and environmentally friendly technology, and hopes to attract Japanese investors to industrial parks, including Viet Hung and Dong Mai.

To develop into a service industry province by 2020 and a modern service industry by 2030, Quang Ninh will need 804 trillion VND (38.286 million USD), representing 127 percent of its GDP in the 2013-2020 period. Of the figure, FDI will contribute 50 percent./.VNA

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