Quang Ninh attracts FDI in clean technology

February 24, 2012 | 11:20
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The northern coastal province of Quang Ninh called for Foreign Direct Investment (FDI) in 12 infrastructure projects and 6 tourism, industrial zone and construction projects at an investment conference in Ha Long City on February 24.

Map of industrial zones in Quang Ninh

The conference provided an important economic forum for 1,000 domestic and foreign managers, economic experts and investors to help the province become a key northern economic hub.

Secretary of the Quang Ninh Provincial Party Committee Pham Minh Chinh said Quang Ninh’s financial resources can only meet 50 per cent of its development needs. The attraction of external investment sources is the shortest way to success and meets the community’s desire, he said.

Over the past 15 years, the flow of Foreign Direct Investment (FDI) capital into the province has reached about $3.7 billion. This year, Quang Ninh is expected to attract more investors in projects with 40-50 per cent of their capital invested in clean technology to help improve the environment in Ha Long Bay and Bai Tu Long Bay.  

Currently, Quang Ninh has 11 industrial projects approved by the Government. The key ones include the $1.2 billion Van Don economic zone and international airport project, the $1.2 billion Cai Bau port to the north of Van Don EZ and the $3 billion Hai Ha seaport industrial zone in Hai Ha district which plays important role in promoting trade exchange between Vietnam and China. Hai Ha seaport industrial zone is designed to receive ships weighing up to 150,000 DTW.

Quan Trieu industrial zone, covering an area of 150 hectares with an estimated capitalization of $25 million, will provide a driving force for socio-economic development in Dong Trieu district and surrounding areas.

Mong Cai border gate in Quang Ninh

Also in Dong Trieu district, infrastructure construction has been basically for Kim Sen industrial zone to develop support industries.

In addition, Dam Nha Mac industrial zone will cover an area of 3,170 hectares along the banks of Bach Dang and Chanh rivers to the southwest of Hai Phong city. The project’s investment capital is estimated at $2-3 billion to help promote trade exchange between Vietnam and China.       

Quang Ninh aims to become the first modern industrial province of Vietnam by 2015.


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