Business

FDI flows into Quang Ninh province rise sharply

FDI flows into Quang Ninh has been rising strongly thanks to the northern province’s efforts to improve its business climate and remove bottlenecks in terms of policies and infrastructure.
FDI flows into Quang Ninh province rise sharply ảnh 1A corner of Ha Long Bay in Quang Ninh - Illustrative image (Photo: VNA)
Quang Ninh (VNA) – FDI flows into Quang Ninh has been rising strongly thanks to the northern province’s efforts to improve its businessclimate and remove bottlenecks in terms of policies and infrastructure.

Since the launch of its first industrial park (IP), CaiLan, in 1997, the province has attracted about 7.4 billion USD, 56.5 percent ofwhich, or 4.18 billion USD, sourced from FDI, to develop infrastructure atlocal economic zones, IPs, industrial clusters and secondary projects.

Since 2012, Quang Ninh has seen increasing presence ofmajor foreign investors, with two projects of Hong Kong (China)’s Texhong Groupamong the first. Having a combined investment of over 500 million USD, oneinvolved the first phase of Texhong Ngan Long’s fibre factory at Hai Yen IPin Mong Cai city while the other developing infrastructure for the first phaseof Texhong Hai Ha IP in Quang Dien commune, Hai Ha district.

The Texhong Hai Ha IP now houses 11 projects with a totalregistered investment exceeding 727 million USD.

In March 2018, the province granted an investment licenseto Thai industrial estate developer Amata to construct 714-hectare SongKhoai IP in Yen Hung district at a cost of more than 155.5 million USD.

It was just the first move in Amata Vietnam’s plan toinvest over 2 billion USD in developing an eco-industrial and urban area in QuangNinh, said CEO Somhatai Panichewa.

Belgium-based company DEEP C and its partners have alsopoured capital in developing infrastructure at 369.8-hectare Nam Tien PhongIP and 1.193-hectare Bac Tien Phong IP in Quang Yen Economic Zone.

The involvement of major industrial estate developers hashelped the province lure more high-quality secondary projects. For example, China’sJinko Solar, the world’s leading solar panel manufacturer, poured close to 500million USD into developing a solar PV cell factory at the Song Khoai IP in March2021.

Less than six months later, it received a license for itssecond project in Vietnam worth 365 million USD. The silicon solar panelproject is expected to generate over 25.65 trillion VND (1.13 billion USD) in revenue,pay 461.3 billion VND in taxes and provide jobs for 2,188 local people.

Taiwan’s Foxconn, one of the main supplier of tech giantssuch as Apple, Motorola, Nokia and HP, also has a production base in QuangNinh. Its facility at Dong Mai IP in Quang Yen township was put into operation atthe end of last year.

Some 40.35 trillion VND (1.75 billion USD) worth of investmenthas landed into IPs and economic zones under the management of Quang NinhEconomic Zone Management Authority, excluding Van Don Economic Zones, in the firstnine months of this year, 39 percent higher than the yearly plan. This includednearly 1.07 billion USD from FDI./.
VNA
#FDI flows #Quang Ninh #business climate #industrial park #Vietnam #Vietnamplus #Vietnam News Agency Quang Ninh
Follow VietnamPlus

Related News

Quang Ninh gears up to resume tourism post-pandemic

Quang Ninh gears up to resume tourism post-pandemic

Northern Quang Ninh province is one of the localities that have well-controlled the COVID-19 pandemic, with almost no cases of infection in the past 3 months. Utilising many solutions to catch up with the “new normal”, it is gradually recovering its tourism industry by making domestic travellers a focus.

See more

PM Pham Minh Chinh speaks at the event (Photo: VNA)

PM spotlights solidarity, cooperation, dialogue at annual business forum

Vietnam will maintain political stability and social order, push three strategic breakthroughs in institutional reform, hard and soft infrastructure, and quality human resources, while restructuring the economy and reforming the growth model, sustaining macroeconomic stability, and bolstering connectivity between domestic and FDI enterprises, said PM Pham Minh Chinh.

Officers of the Vam Lang border guard station in Dong Thap disseminate information on the prevention of illegal, unreported and unregulated (IUU) fishing and present a national flag to members of a local ship. (Photo: VNA)

Dong Thap province’s fishing cooperation models prove effective

According to Tran Thi Be Bay, Deputy Director of the provincial Department of Agriculture and Environment, the cooperative groups and cooperatives have members engaging in logistics services, such as purchasing seafood at sea and supplying fuel to fishing vessels, thereby helping fishermen stay longer at sea and increase productivity.

Vietnam’s pepper exports maintain strong growth momentum of over 25%, earning nearly 1.4 billion USD in the first ten months of 2025. (Photo: VNA)

Pepper exports maintains over 25% growth

According to the Vietnam Pepper and Spice Association (VPSA), the country exported 19,430 tonnes of pepper in October, including 16,464 tonnes of black and 2,966 tonnes of white pepper, with a total value of 129.5 million USD.

Vietnam's dragonfruits for export (Photo: VNA)

Tay Ninh expands middle East–Africa markets for farm produce

Leveraging its position as a gateway linking the Southeast and Mekong Delta regions, Tay Ninh province is asserting its role as a strategic hub in expanding agricultural supply chains to Muslim markets, especially the Middle East and Africa, which have emerged as promising destinations for Vietnamese agricultural exports, particularly Halal-certified products.

Vietnam’s Trade Counselor in India Bui Trung Thuong and Nguyen Phi Van, Chairwoman of Go Global Holdings, cut the ribbon at the opening ceremony of a Three O’Clock coffee shop at AIPL Joy Central. (Photo: tuoitre.vn)

Three O’Clock brings Vietnamese coffee to India’s billion-people market

This milestone on November 8 came 11 months after the signing of an international franchise agreement between Three O’Clock (a brand under the Teatime limited company) and its exclusive master franchise partner for the Indian subcontinent FranGlobal. Under the deal, FranGlobal will develop the brand in India, Nepal, Sri Lanka, and Bangladesh, committing to a minimum of 100 outlets within a decade.

A Vietjet flight attendant offers gifts to international passengers during a flight. (Photo: courtesy of Vietjet)

Vietjet reports strong growth in Q3, announces 20% stock dividend

In Q3, Vietjet's air transport revenue reached 16.728 trillion VND, with a pre-tax profit of 393 billion VND. Cumulatively, for the first nine months of the year, the company reported air transport revenue of 52.329 trillion VND and a pre-tax profit of 1.987 trillion VND, which increased by 28% year-on-year.

Nguyen Duc Thien, General Director of Vietnam Electricity (EVN)’s Northern Power Corporation (centre), chairs the working session with credit rating organisation Fitch Ratings (Photo: npc.com.vn)

Fitch Ratings affirms Northern Power Corporation at ‘BB+’ with stable outlook

The rating reflects EVNNPC’s standalone credit profile of ‘BB+’, which is on par with both parent company EVN and Vietnam’s sovereign rating of ‘BB+/Stable’. Fitch said the alignment of EVNNPC’s rating with EVN’s reflects the state-owned parent’s full ownership and the high likelihood of government support, consistent with Fitch’s Parent and Subsidiary Linkage Rating Criteria.

Vietnamese Ambassador to Brazil Bui Van Nghi (right) meets with President of the Brazilian Association of Soybean Producers (Aprosoja) Mauricio Buffon in Brasilia. (Photo: VNA)

Vietnam, Brazil boost agri-trade cooperation

The Vietnamese ambassador expressed the country’s desire to increase the export of aquatic products, cashews, wood items, processed farm produce, apparel, mobile phones, computers, and electronic components to Brazil.

A dancing performance at the opening ceremony of the 2025 K–Vietnam Pop-up Festa in Dalat on November 8 (Photo: VNA)

K-Market Vietnam 2025 held in Lam Dong

The event features a series of cultural and trade exchange activities between Vietnam and the Republic of Korea (RoK), with more than 100 Lam Dong and Korean enterprises showcasing typical products from both sides.

Workers handle the preliminary processing of sea grapes before production. (Photo: VNA)

Company brings Vietnamese sea grapes to the world

The Tri Tin Seaweed Company, founded by Le Ben, has pioneered a new path for the province’s aquaculture sector by establishing a fully integrated production chain, applying high-tech processes, and adhering strictly to international standards.

Prime Minister Pham Minh Chinh addresses the 21st meeting of the State steering committee for national key projects in the transport sector. (Photo: VNA)

Entire Cao Bang - Ca Mau expressway must be inaugurated on December 19: PM

PM Chinh, who is head of the steering committee, asked all parties involved to strive hard to achieve the goal of putting 3,000 kilometres of expressways and approximately 1,700 kilometres of coastal roads into operation in 2025, thus creating momentum to welcome the 14th National Party Congress and meeting the travel needs of the people during New Year 2026 and the Lunar New Year Festival.