Quang Ninh's FDI attraction hits 478 million USD in January
(VOVWORLD) -Quang Ninh province attracted eight foreign direct investment (FDI) projects with registered capital totaling 478 million USD in January.
The Management Board of the Quang Ninh Economic Zone grants investment certificates to two foreign-invested projects on February 21 (Photo: VOV) |
The Gokin Solar of Hong Kong (China) project's photovoltaic cell technology complex has the largest capital investment – 275 million USD.
The FDI projects, mainly in the manufacturing and processing industries, put Quang Ninh on track to draw 3 billion USD in FDI this year.
The Management Board of the Quang Ninh Economic Zone said the province expects to attract 1 billion USD in the first quarter of this year. Since early this year, efforts have been made to help businesses resolve any bottlenecks, streamline administrative procedures, and support investors who want to do or expand their business in Quang Ninh.
Cao Tuong Huy, Chairman of the province’s People’s Committee, said: “It’s necessary to create the most favorable conditions for businesses to operate and increase their productivity and product quality. At the same time, it’s essential to promote the restructuring of the industrial sector, develop the manufacturing and processing industries, and attract global brands to our industrial parks and economic zones.”