Dong Trieu city emerges as Vietnam’s new investment hotspot
The newly-established city of Dong Trieu is positioning itself as a promising investment destination in the northern region, marking its elevation from township status as Quang Ninh province’s fifth city from November 1 last year.
Dong Trieu city is a promosing investment destination in the northern region. (Photo: VNA)
Quang Ninh (VNA) –📖 The newly-established city of Dong Trieu is positioning itself as a promising investment destination in the northern region, marking its elevation from township status as Quang Ninh province’s fifth city from November 1 last year.
Located as the western gateway to Quang Ninh province, Dong Trieu sits at the heart of a dynamic development triangle and boasts sound connectivity with Red River Delta localities. Over the past years, the city has paid due attention to infrastructure development, completing several important transport projects such as Dong bridge, Trieu bridge, and an approach road to National Highway No.18A connecting with Hai Duong province.
According to Secretary of the municipal Party Committee Nguyen Van Cong, the city’s infrastructure development has received support from the provincial administration, with ongoing projects connecting Quang Yen economic zone, Uong Bi city and Dong Trieu, alongside new routes linking to Bac Giang province and other intra-province connections.
Thanks to its investment promotion efforts, the city attracted more than 1 trillion VND (39.23 million USD) in non-state investment last year. Current development projects include an industrial waste treatment facility in An Sinh commune, Dong Trieu golf course, Dam Thuy residential area in Thuy An ward, a beverage and food production plant, and Trang An industrial cluster.
Besides, the city is improving its industrial capacity with plans devised for two industrial clusters and two industrial parks. Notably, the Dong Trieu 1 industrial park, spanning over 200 hectares, is awaiting approval from the Ministry of Planning and Investment, while some 1,200 hectares have been zoned off for the Dong Trieu 2 industrial park, demonstrating the city’s ambition to develop the industrial sector.
Kim In Woo, Director of F-One Foods Co. Ltd., an FDI firm operating in agricultural product processing, cited Dong Trieu's modern infrastructure and strategic location - just 90 minutes from Hai Phong port - as key advantages. His company is planning to build the second plant in 2025 with production capacity tripling the existing one, contributing to local employment and economic growth.
At the city's investment promotion conference held on January 1, Assoc. Prof. Dr. Tran Dinh Thien, former Director of the Vietnam Institute of Economics, highlighted Dong Trieu’s potential and advantages, stating the city needs to capitalise on its strengths and join hands with the provincial administration to remove bottlenecks and create breakthroughs for development.
He advocated for policy reforms to unlock growth opportunities and create motives to attract investments.
Meanwhile, Vice Chairman of the provincial People’s Committee Nghiem Xuan Cuong said Dong Trieu should change its mindset and create the best conditions for businesses’ sustainable development. He asked competent departments and sectors to continue supporting the city in attracting investment and resources for economic development./.
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