Quang Ninh (VNA) – The goal of attracting 1billion USD in foreign direct investment (FDI) to industrial parks, economiczones in 2023 of the coastal pro𒁃vince of Quang Ninh is quite positive, provincial leaders have said.

For the year, the province has chosen the theme of “improvinginvestment attraction efficiency and people’s life quality” with prioritiesto luring investors from countries and territories such as Japan, the Republic ofKorea, China, and the EU, among others, to ensure socio-economic developmentorientation, particularly in the fields of the processing, manufacturingand hi-tech industries. Head of the Quang Ninh provincial economic zone managementboard Hoang Dinh Kien said as the end of June 2023, the province had attractedmore than 832 million USD, reaching 69.3% of the target of the provincial People’sCommittee. Kien noted that in the first half of this year, theprovince granted investment registration certificates for 17 FDI projects, 2.5times higher than the same period in 2022, mainly in the areas of processing and manufacturing industries. At the same time, the province is continuing to supportinvestors in administrative procedures. Most of the FDI projects belong to the “new-generation”category, focusing on environmentally friendly processing and manufacturing industries that aim to reduce resource consumption withspillover socio-economic effects that prove Quang Ninh is on the right track inpromoting the green development strategy, he cited. In addition to continuing to draw FDI capital fromtraditional markets, the province has diversified investor partnership. So far,investors from 20 countries and territories have invested in the province. In February, Quang Ninh granted investment certificate to Swedishinvestor Autoliv Vietnam to build a 3.773 trillion VND (154 million USD) automobilesafety component factory in Song Khoai industrial park. Recently, the province granted investment certificates to two factories by Foxconn Singapore PTE LTD in Song Khoai Industrial Parkwith a total investment of 250 million USD. Notably, the two projects wereapproved within 12 working hours. The province has also developed solutions andinvestment promotion strategies for big and prestigious economic groups. Over the recent years, Quang Ninh has actively collaborated withministries and regional leaders to promote investment activities andachieved remarkable results. The province has already implemented itsInvestment Promotion Programme for 2023 and is working on a scheme to attractprominent FDI investors to the region, with a particular focus on keyindustrial parks and economic zones. In 2022, the province topped the country’s provincialcompetitiveness rankings (PCI) for the sixth consecutive year, ranking first forthe second time (2020 and 2022) in four indicators of Provincial CompetivenessIndex (PCI), Provincial Governance and Public Administration Performance Index(PAPI), Public Administration Reform Index (PAR INDEX) and Satisfaction indexof public administrative services (SIPAS), and for the 10 consecutive year inthe group of five provinces and cities with the best quality of economicgovernance in the country./.