Quang Ninh attracts additional $332 million in foreign investment capital

One of the projects is from China-based Gokin Solar to manufacture monocrystalline silicon wafers and monocrystalline silicon photovoltaic bars worth $275 million. The project is located in Texhong Hai Ha Industrial Park (IP) and is set to begin operating in October 2025.

The second one is a $57 million project invested by IKO Thompson Vietnam from Japan. Located in Song Khoai IP, the project is designed to produce 930 tonnes of bearings and linear motion equipment per year, starting January 2026 when the project’s first phase is operational.

Earlier this month, Quang Ninh granted investment certificates to two China-invested projects. Xiamen Solex High-Tech Industries will invest in an $80 million plant to produce 10,000 tonnes of bathroom products per year. The investment will cover 6.78 hectares in Bac Tien Phong IP.

The other project, covering 5.92ha of Texhong Hai Ha IP with an investment of $41 million, will manufacture 192 million pairs of labour protection gloves a year, or 6,080 tonnes.

With the latest investments, Quang Ninh attracted eight foreign-invested projects with the total registered capital of $478 million in the first two months of the year.

In the first quarter of 2024, Quang Ninh expects to welcome foreign investment capital of $1 billion towards the target of $3 billion this year, close to the sum of $3.1 billion in 2023. Last year, the province reported a breakthrough in attracting both domestic and foreign investment, totaling nearly $5 billion.

This result makes Quang Ninh emerge as one of the leading localities nationwide in attracting foreign-invested projects in the year. This was the record-breaking year in attracting new-generation foreign investment after more than 20 years since the first foreign-invested project licensed in the province in 2002.

The province is home to nearly 200 foreign-invested enterprises from 20 countries and terriorites worth nearly $14 billion.

Halong Bay Heritage Marathon marks 60 years of Quang Ninh province The Halong Bay Heritage Marathon 2023, Vietnam's oldest heritage race, will mark a breakthrough with over 9,000 runners taking part.

2023 Halong Bay Heritage Marathon a success The Halong Bay Heritage Marathon took place on November 19 and Vietnam's oldest marathon saw the participation of over 9,000 runners, including nearly 1,000 foreigners from 42 countries.

Report submitted to PM on Quang Ninh's $2.18 billion casino proposal The Ministry of Planning and Investment sent an appraisal report for the construction of the $2.18 billion Van Don casino complex in the northern province of Quang Ninh on November 25 to the prime minister, with a proposal to approve the investment plan included.

DEEP C Industrial Zones remain a reliable investment location The DEEP C Industrial Zones (IZ) complex – based in Haiphong city and Quang Ninh province – initiated 21 new projects last year with a total capital value of $970 million, including those for vehicle manufacturing and component production for the renewable energy industry.