At the Cai Lan vegetable oil at Quang Ninh's Cai Lan industrial park (Photo: baoquangninh.com.vn) Quang Ninh (VNA) - Investment in industrial parks (IPs) and economic zones (EZs) has become a new driver of growth in the northeastern province of Quang Ninh, with local authorities issuing various policies to attract investors.
According to experts, Quang Ninh is considered a strategic investment destination in Vietnam’s northern region and an important link in the Hanoi - Hai Phong - Quang Ninh northern economic growth triangle.
The province possesses major advantages, with Van Don district to become a multi-sectoral marine economic zone and an entertainment centre, with a casino, high-end sea-island tourism, and general services.
The province has planned to develop eleven IPs and four EZs that together span over 368,000 ha, accounting for more than 30 percent of Quang Ninh’s total natural area.
Six of the 11 IPs have already been issued investment registration certificates and have infrastructure invested in and leased. Investors have so far poured about 27.35 trillion VND (1.17 billion USD) into building technical infrastructure of IPs such as roads and facilities for electricity, water supply and drainage, and wastewater treatment.
Nguyen Manh Tuan, head of the management board of IPs in Quang Ninh, said several parks are having their infrastructure completed, such as the Hai Ha Seaport IP, the Dam Nha Mac Industrial - Service Park, and the Song Khoai IP.
He especially mentioned Viet Hung IP, which is waiting for the Government’s approval of its second phase of construction, saying that as a specialised area for manufacturing engineering, processing, and support industries, it is expected to attract a large number of secondary investors in the near future.
Meanwhile, Quang Ninh has also mobilised approximately 100 trillion VND to date in developing infrastructure for local EZs.
IPs and EZs in the province have attracted 250 projects, including 72 foreign-funded projects, with total registered capital in excess of 100 trillion VND.
Among IPs with high occupation rates, Cai Lan IP has been fully occupied by 33 projects worth more than 10.5 trillion VND, of which over 9 trillion VND is from foreign investors.
The multi-sector Hai Ha Seaport IP, has so far reeled in 14 foreign-invested projects worth over 889 million USD, which are estimated to have generated about 10,500 jobs.
A large number of major companies have injected close to 70 trillion VND into Quang Ninh’s EZs. Three leading real estate giants - Vingroup, Sungroup, and FLC - are asking that local authorities allow them to research investing in a number of large-scale projects at the Mong Cai Border Gate EZ. Their targeted projects include a complex of residential homes and shopping centres in Tran Phu ward, an urban area connecting Bac Luan I and II bridges, the Ninh Duong urban area and the Tra Co - Binh Ngoc luxury tourism resort, and a high-tech farming area in Hai Dong, Hai Tien, and Hai Yen communes offering eco-tourism services.
The Van Don EZ has attracted projects worth over 24 trillion VND in just a short period of time, with many expected to be completed next year. Notable projects include the Sonasea Van Don Harbor City tourism-resort complex, the Van Hai eco-tourism site, and the Ocean Park urban area.
Tenant enterprises in provincial IPs and EZs posted revenue of close to 2 billion USD last year, with import-export turnover exceeding 2.4 billion USD. They also created more than 25,000 jobs and contributed tax payments of over 1.3 trillion VND to the State budget.
Between January and July, despite the impact of the COVID-19 pandemic, both revenue and trade turnover of enterprises in Quang Ninh’s IZs and EZs surpassed 1 billion USD and they also contributed some 800 billion VND to the State budget./.
VNA
