Business

Nearly 2.4 bln USD poured into Quang Ninh in 2016

An estimated 54.4 trillion VND (nearly 2.4 billion USD) was invested in Quang Ninh in 2016, including 11.9 trillion VND (523.6 million USD) in foreign direct investment (FDI), up 10.2 percent year-on-year.
Nearly 2.4 bln USD poured into Quang Ninh in 2016 ảnh 1A plant producing fiber in the Texhong Hai Ha IP, Quang Ninh province (Source: Internet)
Quang Ninh (VNA) – An estimated 54.4 trillion VND (nearly2.4 billion USD) was invested in the northern coastal province of Quang Ninh in2016, including 11.9 trillion VND (523.6 million USD) in foreign directinvestment (FDI), up 10.2 percent year-on-year. 

According to the provincial Department ofPlanning and Investment, the local authorities granted new investment licencesand approved capital additions to 28 domestic projects and 20 foreign-investedones, with respective registered capitals of over 17.7 trillion VND (778.8million USD) and 567.3 million USD. 

Noteworthy projects included a complex ofseaports and industrial parks (IP) worth 330.4 million USD in the Mac DynastyLagoon area, a dyeing and garment factory costing 77.41 million USD and a 50million USD wash-cloth and bath towel plant in the Texhong Hai Ha IP.

The Department said the local investment andbusiness climate has been improved remarkably, contributing to increasing the confidenceof businesses and investors. 

In the coming time, the province is working tolure more investors, especially those from Singapore, Thailand and the UnitedArab Emirates (UAE).-VNA


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