Quang Ninh province attracts 60.6 trillion VND in investments
Total investments in the northern coastal province of Quang Ninh enjoyed a year-on-year surge of 10.1 percent to the tune of 60.6 trillion VND (2.68 billion USD) in 2017 thanks to improved business climate.
Quang Ninh province attracts 60.6 trillion VND in investments (Illustrative image. Soource:VNA)
Quang Ninh (VNA) – Total investments in the northern coastalprovince of Quang Ninh enjoyed a year-on-year surge of 10.1 percent to the tuneof 60.6 trillion VND (2.68 billion USD) in 2017 thanks to improved businessclimate.
According to a report from the provincial Department of Planning andInvestment, of the total amount, state capital was 22.9 trillion VND (1 billionUSD) and that of non-state capital was 25.7 trillion VND (1.14 USD). Meanwhile,foreign businesses poured 12 trillion VND (531.6 million USD) into theprovince.
Major breakthroughs were made in infrastructure, technology and human resourcesas parts of efforts to lure investments from large enterprises like Vingroup,Sungroup and FLC Group, said Vice Chairman of the provincial People’s CommitteeVu Van Dien.
Tens of trillion VND were splashed out on the upgrade of local infrastructure,giving a momentum for economic development. Those included 7.5 trillion VNDQuang Ninh airport project, which serves as a lifeline to turn Van Don islanddistrict into a special economic administrative unit in the northern region.
Other giant projects are Ha Long-Hai Phong expressway and construction of BachDang bridge project and Ha Long-Van Don expressway project. The two projectswill link economic triangle Hanoi-Hai Phong-Quang Ninh, making contributions tobolstering socio-economy in the northern key economic region that comprisesseven cities and provinces – Hanoi, Hung Yen, Hai Phong, Quang Ninh, Hai Duong,Bac Ninh and Vinh Phuc.
Regarding the tourism and service sectors, the province allowed large firmslike CEO Group, FLC Group, MBLand and Viglacera to develop high-end tourismcomplexes in 2017.
Investors will kick off the construction of tourism complex chains at Van Dongspecial zone in 2018 while five-star Furama Ha Long Vietnam Resort & Villaswill be built on Quan Lan island to improve service quality and elevate localimages in the international arena.
The province is also rushing off its feet to prepare for the construction of 90kilometre Van Don-Mong Cai highway.-VNA
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Quang Ninh province attracts 60.6 trillion VND in investments (Illustrative image. Soource:VNA) 
