Illustrative photo (Source: quangninh.gov.vn) Accordingly, Quang Ninh has granted new investment licences to fiveforeign-invested projects worth over 567.5 million USD or 13.1 trillion VND, and four domesticprojects valued at over 8.6 trillion VND.
Meanwhile, over 425 billion VND were pumped into two existing FDI projects in thelocality, including a photovoltaic cell technology project invested by Jinko Solar Technology Ltd of Hong Kong in the Song Khoai Industrial Park.
The project is in line with the goal ofdeveloping Quang Ninh into a modern industrial and service locality and one ofthe dynamic and comprehensive development centres in the northern region.
As scheduled, the project will officially become operationalin late October this year. It is expected to earn nearly 1.3 billion USD inannual revenue and create over 2,000 jobs for labourers.
Other outstandingprojects include a factory manufacturing household appliances, electricbicycles by Multi-Sunny Vietnam Co., Ltd (10 million USD), Lioncore Vietnamfactory by Lioncore Vietnam Industry Co., Ltd (30 million USD), Haiyun Vietnamproject of Hai Van Co., Ltd. (10 million USD), and a project of Jingsung HitecVina Co., Ltd (over 13 million USD).
The locality has planned to coordinate with DEEP C Joint Stock Company toco-host an investment promotion conference themed "Coastaleconomic zones - Sustainable investment opportunities in Quang Ninh" in HoChi Minh City.
An investmentpromotion conference in pharmaceutical industry and other promotion activitiesare expected to be held in the year, as part of Quang Ninh’s effortsto attract more investment to the locality.
The local authorities have also paid attention to accelerating infrastructure developmentin IPs and economic zones in a comprehensive and modern direction, promoting administrativereform, and training high-quality workforce serving the demand in IPsand economic zones.
As scheduled, the project will officially become operationalin late October this year. It is expected to earn nearly 1.3 billion USD inannual revenue and create over 2,000 jobs for labourers.
Other outstandingprojects include a factory manufacturing household appliances, electricbicycles by Multi-Sunny Vietnam Co., Ltd (10 million USD), Lioncore Vietnamfactory by Lioncore Vietnam Industry Co., Ltd (30 million USD), Haiyun Vietnamproject of Hai Van Co., Ltd. (10 million USD), and a project of Jingsung HitecVina Co., Ltd (over 13 million USD).
The locality has planned to coordinate with DEEP C Joint Stock Company toco-host an investment promotion conference themed "Coastaleconomic zones - Sustainable investment opportunities in Quang Ninh" in HoChi Minh City.
An investmentpromotion conference in pharmaceutical industry and other promotion activitiesare expected to be held in the year, as part of Quang Ninh’s effortsto attract more investment to the locality.
The local authorities have also paid attention to accelerating infrastructure developmentin IPs and economic zones in a comprehensive and modern direction, promoting administrativereform, and training high-quality workforce serving the demand in IPsand economic zones.
Quang Ninh has plannedto focus on developing green, clean and environmentally friendly industries,and increase the proportion of processing, manufacturing, high-tech and smartindustries in the 2020-2025 period.
It will also set aside 58.7trillion VND (2.53 billion USD) to develop modern and synchronousinfrastructure during 2021-2025 to lure more investment.
Priority will be given toinvestment in strategic infrastructure such as transport, IT andtelecommunications, as well as infrastructure in industrial parks, seaports, and port services.
Along with focusing on completinginfrastructure at key seaports such as Con Ong - Hon Net, Hai Ha, Van Ninh and NamTien Phong, the province has outlined planning schemes to buildinternational-standard marinas at Cua Luc Bay, while mobilising resources tocomplete construction of Van Don – Mong Cai highway and Ha Long – Cam Phacoastal road, Cua Luc 1 and 3 bridges in 2021, as well as road and bridge toHon Net – Con Ong port in 2022.
During 2016-2021, the province disbursed more than 49 trillion VND in publiccapital. Total social investment in the period was estimated at nearly 345trillion VND, or 1.6 times higher than the figure recorded during 2011 - 2015.
The gross regional domestic product (GRDP) of Quang Ninh was estimated at 10.05 percent in 2020 despite theadverse impact of COVID-19.
The province’s State budgetcollection is projected at 49.3 trillion VND (2.13 billion USD),surpassing the year’s target by 9.4 percent and up nearly 7 percent compared tothe same period of 2019.
Budget collection from export-importactivities surged by 29 percent against the estimates, while domesticcollection fulfilled the set target with 37 trillion VND, rising 7 percent./.
It will also set aside 58.7trillion VND (2.53 billion USD) to develop modern and synchronousinfrastructure during 2021-2025 to lure more investment.
Priority will be given toinvestment in strategic infrastructure such as transport, IT andtelecommunications, as well as infrastructure in industrial parks, seaports, and port services.
Along with focusing on completinginfrastructure at key seaports such as Con Ong - Hon Net, Hai Ha, Van Ninh and NamTien Phong, the province has outlined planning schemes to buildinternational-standard marinas at Cua Luc Bay, while mobilising resources tocomplete construction of Van Don – Mong Cai highway and Ha Long – Cam Phacoastal road, Cua Luc 1 and 3 bridges in 2021, as well as road and bridge toHon Net – Con Ong port in 2022.
During 2016-2021, the province disbursed more than 49 trillion VND in publiccapital. Total social investment in the period was estimated at nearly 345trillion VND, or 1.6 times higher than the figure recorded during 2011 - 2015.
The gross regional domestic product (GRDP) of Quang Ninh was estimated at 10.05 percent in 2020 despite theadverse impact of COVID-19.
The province’s State budgetcollection is projected at 49.3 trillion VND (2.13 billion USD),surpassing the year’s target by 9.4 percent and up nearly 7 percent compared tothe same period of 2019.
Budget collection from export-importactivities surged by 29 percent against the estimates, while domesticcollection fulfilled the set target with 37 trillion VND, rising 7 percent./.
VNA
