A corner of Ha Long city in Quang Ninh province. (Photo: VNA)Hanoi (VNA) – The northern province of Quang Ninh attracted eight foreigndirect investment (FDI) projects with registered capital totaling 478 millionUSD in January.
Notably, the Gokin Solar of Hong Kong (China) project's photovoltaic cell technology complex has the highestcapital investment, amounting to 274.8 million USD.
As planned, there will be an additional seven investors from the US, China, andTaiwan (China) investing in Quang Ninh in the remaining months of the firstquarter. The locality expects to lure 1 billion USD in the first fourthmonths of 2024, or one-third of the plan set for the year.
Last year, it reported a breakthrough in attractinginvestment outside the budget, with a total capital of nearly 5 billion USD. Ofthis, FDI attraction topped 3.1 billion USD.
Quang Ninh also emerged as one of the leading localities nationwidein attracting foreign-invested projects in the year.
This was the record-breaking year in attracting new-generation FDIcapital after more than 20 years since the first FDI project inthe province in 2002.
The province is home to nearly 200 foreign-invested businesses from 20 countrieswith a total capital of nearly 14 billion USD. FDI projects are mainlyhigh-tech and environmentally friendly with modern management and high-addedvalue, which joined in global value chains.
From record results of FDI attraction in 2023, Quang Ninh setsto continue making breakthroughs and emerge as a top destination for FDI attractionnationwide.
According to Chairman of the provincial People’s Committee CaoTuong Huy, Quang Ninh prioritises attracting foreign investment, focusing on keysectors, multinational conglomerates across various industries, especially areaswhere the locality holds significant competitive advantages and distinctpotentials.
It also concentrates on repositioning its investment capital flow, prioritising theconnection of global production and supply chains, and attracting greeninvestment, high technology, and supporting technologies, he said.
Foreign investors have been investing in 16 out of the 21 nationaleconomic sectors. The FDI sector has contributed over 76 million USD to thestate budget, helping generate jobs for nearly 43,000 workers./.
