Investors satisfied with Quang Ninh performance during COVID-19

Up to 81.6% of domestic private firms and 100% of foreign investors in Quang Ninh felt satisfied with the northern province Quang Ninh’s response to the crisis caused by the COVID-19 pandemic, according to the PCI 2021 survey, attesting to the locality’s efforts to assist them in all fields.
Investors satisfied with Quang Ninh performance during COVID-19 ảnh 1An overview of the Quang Ninh Investment Promotion Conference 2022 (Photo: https://baoquangninh.com.vn/)
Quang Ninh (VNA) – Up to 81.6% of domestic privatefirms and 100% of foreign investors in Quang Ninh felt satisfied with thenorthern province Quang Ninh’s response to the crisis caused by the COVID-19 pandemic,according to the PCI 2021 survey, attesting to the locality’s efforts to assist themin all fields.

Promoting the positive results in provincial competitivenessindex (PCI), Quang Ninh aims to maintain its position as one of the leadinglocalities in the improvement of the business and investment environment, whilefurther enhancing its PCI through years.

Right from the beginning of this year, thelocality has designed plans and projects to better its investment andbusiness environment, improve its competitiveness, and further develop thebusiness community, especially the private firms and startups.

Alongside, the province has continued to renovate themindset, awareness and responsibility of leaders in the process, while ensuringfairness in accessing resources for all business sectors, and enhancing thetransparency so as to attract more investors.

Along with forming special teams to support investors toquickly complete investment and process procedures, Quang Ninh has rolled outmeasures to cope with difficulties facing local businesses and investors.

At the first meeting with local investors for 2022, which washeld in May and drew nearly 500 delegates, local authorities underlined thatdespite difficulties from the COVID-19 pandemic, Quang Ninh has always been abright spot in the country in pandemic prevention and control, maintaining itssafety, stability and development in the new normal situation.

In the period, the province showed strong performance inimplementing the dual target, keeping the gross regional domestic product(GRDP) growth at two digits for the sixth consecutive years in 2021, while clinchingits top position in the PCI for the fifth consecutive year, and entering the top five provinces and cities with the highest economic management quality of the country fornine years in a row.

Since the beginning of this year, many requests frombusinesses related to the capital market and production have been responded to byprovincial leaders.

Tsai Ching-Hua, General Director of Competition TeamTechnology Vietnam, said that in the recent two years when COVID-19 broke out, thebusiness community has received special attention from the localadministration with many flexible policies in capital, land, and infrastructure,which created favourable conditions for them to operate smoothly.

In the time to come, the province will focus on speeding upthe completion of the socio-economic infrastructure system, especially transport,telecommunications, seaport and logistics infrastructure, while continuing todevelop high quality human resources and improving the capacity of publicservants to better serve businesses.

Quang Ninh posted an estimated growth rate of 10.66% in GRDP in the first six months of this year,which is 2.64 percentage points higher than the rate in the same period of2021.

In the period, the province has effectively implemented itsoverall strategy on containing the COVID-19 and safely and flexibly adapting to thepandemic, thus facilitating the development in the new normal situation.

Quang Ninh collected over 27.18 trillion VND (1.17 billionUSD at current exchange rate) for the State budget, an increase of 18%year-on-year.

Total social investment in the period is estimated at 42.3trillion VND, up 10.9% from the same period last year.

The tourism industry of Quang Ninh has also enjoyed a stablerecovery, serving 5.5 million visitors in the six-month period, a 2.2-fold riseyear-on-year. The figure also showed a 19.57% increase compared to the bestscenario.

Besides, the province successfully hosted the competitionsof seven sports during the recent 31st Southeast Asian Games (SEA Games 31), spreadingthe image of a safe, modern and prosperous locality among internationalvisitors. 

Quang Ninh is aiming for a GRDP increase of at least 11% thisyear, and budget revenues of no less than 52.6 trillion VND./.
VNA

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