At the investment promotion conference (Photo: VNA) The official made the commitment while addressing aninvestment promotion conference jointly held by Quang Ninh and the VietnamChamber of Commerce and Industry (VCCI) on July 26.
The conference brought together representatives from21 economies of the Asia-Pacific Economic Cooperation (APEC) forum. It tookplace on the occasion of the third meeting of the APEC Business Advisory Council (ABAC) inHa Long city from July 26 to 29.
Ky said Quang Ninh will also offer convenient public servicesand an open, fair and transparent investment environment tobusinesses, and will work to minimise legal risks and administrative costs forthem.
Secretary of the Party Committee of the northern province of Quang Ninh Nguyen Xuan Ky speaks at the event. (Photo: VNA) Quang Ninh has an international airport, seaports,Mong Cai international border gate, and uniform, modern infrastructure,including information-technology infrastructure, he added.
The VCCI Chairman expressed his hope that theconference will help Quang Ninh lure more investments and create morebreakthroughs in the time ahead.
Statistics show that Quang Ninh’s gross regionaldomestic product (GRDP) last year reached over 238 trillion VND (10.18 billionUSD).
It is home to major economic areas such as QuangYen, Van Don and Mong Cai, and 15 industrial parks. Additional eight industrialparks will be formed in the future.
The province has coordinated with its neighbouringlocalities like Hai Phong, Hai Duong, Bac Giang and Lang Son in resources and transportinfrastructure development.
Quang Ninh has paid special attention to theplanning work. Its development strategy for 2021-2030 with a vision towards2050 saw the consultation of leading firms like McKinsey of the US and NikkenSekkei of Japan.
At the conference, many foreign investors called onQuang Ninh to push ahead with procedures and policies on customs, andfacilitate their access to high-quality human resources.
On this occasion, Quang Ninh presented investment licensesto two FDI projects with combined investment 55.56 million USD.
In the first six months of this year, the province issued new licences and adjusted licences for 9 FDI projects with a total value of 149.6 million USD. By the end of June, Quang Ninh was home to 150 FDI valid projects from 20 countries and territories with total registered capital of 8.26 billion USD.
In 2021, despite the COVID-19 pandemic, Quang Ninhprovince maintained a double digit growth rate, at 10.28%, ranked second in thecountry after Hai Phong city.
The local economic structure also shifted towardssustainable development, with the service and industrial sectors increasing,and conversely agriculture, forestry and fishery sectors gradually declining.
Quang Ninh has always been in the group of provincesand cities contributing the most to the national budget. Its total socialinvestment capital in 2021 reached 88.728 trillion VND, accounting for 8.8% ofthe region’s total, ranking third in the delta after Hanoi and Hai Phong. Theprovince’s proportion of state capital decreased sharply from 79.9% in 2005 to32.8% in 2020, while its efficiency of using investment capital was the highestin the country.
In addition, Quang Ninh has seen its administrative reform,business climate, and competitiveness continuously improved. Since 2013, theprovince has maintained nine consecutive years in the group of five provincesand cities with the best quality of economic management in the provincialcompetitiveness index (PCI) rankings. The province led the Red River Deltaregion in the period and the nation for five consecutive years from 2017 to2021.
Quang Ninh province now is considered havingrelatively complete transport infrastructure nationwide with airports, highways,and modern seaport systems. The operation of local projects in the field has helpedto promote socio-economic development, modernize the transport infrastructure,and ensure a faster connection regionally and internationally./.
VNA
