Quang Ninh does not attract FDI capital at any cost

On April 24, the Standing Committee of Quang Ninh Provincial Party Committee meet to listen and give opinions on the situation, results, and solutions to improve the effectiveness of FDI investment promotion and investment support in the local in the coming time.

According to the People's Committee of Quang Ninh province, the total capital attracted foreign direct investment (FDI) in the province in 2023 will reach over USD 3.24 billion, ranking 3rd in Vietnam in terms of attracting investment flows as the most significant FDI capital. In the first three months of 2024, the province's total capital attracted by FDI will reach USD 851 million, which is 28.3% of the year plan.

Quang Ninh strives to attract USD 3 billion of FDI investment capital in 2024. So, the province is promoting investment promotion and attraction work. In particular, the conditions must be prepared to attract investment into industrial parks. 

Currently, among the four industrial parks that still have room for development, Texhong Hai Ha Industrial Park, Bac Tien Phong Industrial Park, Nam Tien Phong Industrial Park, and Song Khoai Industrial Park, the area that can attract investors in 2024 about 336ha. 

After a period of active implementation, the source of backfilling materials has been initially resolved with the deployment of 39 mine sites with a total reserve of about 200 million m3. In addition, electricity, water supply, and social infrastructure systems are also being focused on implementation.

The Standing Committee of the Quang Ninh Provincial Party Committee emphasizes principles and policies for attracting FDI investment to selectively attract investors, focusing on quality, efficiency, technology, and environmental protection as the primary evaluation criteria. 

Prioritize projects with advanced technology, new technology, high technology, clean technology, environmentally friendly, modern management, and high added value, making significant contributions to growth and the housing budget water. 

Attracting FDI projects associated with the sustainable development of industrial parks and economic zones becomes a growth engine. Create a civilized and safe working and living environment, create jobs, and increase income for workers and laborers, which are associated with improving people's quality of life.

The overall goal of the FDI attraction strategy until 2030 is to build and develop Quang Ninh as a modern service and industrial province, become the national tourism engine and international tourism center, marine economic center, logistics center, multimodal transport gateway connecting to China, Northeast Asia, and ASEAN; Northern fisheries center, national energy center in Vietnam.