The northern province of Quang Ninh recently presented an investment licence to a project on developing a seaport complex and industrial park in the Dam Nha Mac area, Quang Yen town.
Quang Ninh (VNA) – The northernprovince of Quang Ninh recently presented an investment licence to a project ondeveloping a seaport complex and industrial park in the Dam Nha Mac area, QuangYen town.
The investors in the project are the CDCCorporation, headquartered in the Cayman Islands, the Middle Utilities CompanyPte Ltd of Singapore, and Infra Asia Investment Limited of Hong Kong.
With total investment capital of 7 trillionVND (315 million USD), the project spans over 1,100 ha of land and watersurface in Tien Phong, Lien Hoa, Lien Vi, and Phong Coc communes.
The project includes three phases with thefirst scheduled to last from 2017-2021, the second from 2022-2031 and the thirdfrom 2032-2036.
Once operational, it is expected to create 110,000direct jobs and indirect ones.
Addressing the licence granting ceremony onNovember 18, Chairman of the provincial People’s Committee Nguyen Duc Long saidthe decision shows the province’s desire to streamline administrativeprocedures and improve the investment climate.
It also demonstrates Quang Ninh’s resolve tocreate breakthroughs in infrastructure, especially in transport, helping tap QuangYen’s potential and give the locality a facelift, he said.
Foreigninvestors have poured 567.3 million USD in registered capital into 20 projectsin Quang Ninh so far in 2016.
The figure represented a surge of 30.4 percent from the same period last year.
In terms of domestic investment, in 2016, 21 new projects and seven capitaladjustment projects were licensed with combined capital of 17.8 trillion VND(798 million USD) in the province.
In total, Quang Ninh has attracted over 30 trillion VND (1.35 billion USD) ininvestment capital in 2016.
These figures have shown that the investment environment in Quang Ninh hasimproved.
The province has devised measures to support enterprises and helped startupsand enterprises reform technology while adopting policies to stimulateinvestment in infrastructure of industrial clusters in the province.
Provincialauthorities have established consulting teams to handle difficulties forenterprises, and made efforts to improve investment promotion activities, withseveral investment promotion events held in Malaysia, Singapore, and Taiwan./.
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The granting ceremony (Source: VNA) 
