Quang Ninh sees foreign investment surge in 2016

Quang Ninh grants licences to foreign investors. (Source: VNA)

Quang Ninh (VNA) – Foreign investors poured 567.3 million USD in registered capital into 12 new projects and eight existing one in the northeastern province of Quang Ninh so far in 2016.

The figure represented a surge of 30.4 percent from the same period last year.

The FDI projects include a 77.41-million-USD textile-garment-dying complex in the Texhong Hai Ha Industrial Park and a 310-million-USD project on developing a seaport and industrial park complex in the Dam Nha Mac area, Quang Yen town .

In terms of domestic investment, in 2016, 21 new projects and seven capital adjustment projects were licensed with combined capital of 17.8 trillion VND (798 million USD) in the province.

Among them, remarkable projects include the FLC Ha Long complex (nearly 2.5 trillion VND), phase 1 of the multifunctional seaport project on Hon Mieu island (1 trillion VND).

In total, Quang Ninh has attracted a total of over 30 trillion VND (1.35 billion USD) in investment capital in 2016.

The results have shown that the investment environment in Quang Ninh continues improving.

The province has pushed forward measures to support enterprises in implementing the Government’s Resolution 35/NQ-CP on May 16, 2016 on developing enterprises until 2020.

Quang Ninh also provided assistance to startups and enterprises’ efforts to reform technology while adopting policies to stimulate investment in infrastructure of industrial clusters in the province.

The provincial authorities have established consulting teams to timely handle difficulties and arising problems for enterprises, and made efforts to improve investment promotion activities, with several investment promotion events held in Malaysia, Singapore, and Taiwan.-VNA