An aerial view of Van Don Economic Zone in Quang Ninh (Photo: VNA)
Quang Ninh (VNA) – The northernprovince of Quang Ninh has attracted more than 30 trillion VND in investment sofar this year, a rise of 30.4 percent year on year.
The amount included 17.8 trillion VND fromdomestic investors and 567.3 million USD in foreign direct investment (FDI)from more than 20 countries and territories.
The province is hosting 117 valid FDIprojects worth a total 5.5 billion USD.
This is the result of the locality’s effortsin applying strategic measures to promote investment, including the improvementof transport system as well as local competitiveness and investmentenvironment.
Provincial authorities have held quarterly,monthly and weekly meetings with the local business community to hear andtimely address arising problems, while all provincial agencies have cut down 30percent of their meetings to give more time for businesses.
Businesses can also give their ideas onregulations and policies in attracting investment and socio-economicdevelopment plans.
In addition, Quang Ninh has offered legalsupport and other assistance in terms of capital, land and trade promotion forenterprises, with special attention paid to small- and medium-sized enterpriseswhich account for 98 percent of all the firms in the province.
At the same time, the province has also madeefforts to speed up administrative reform through the building of a publicadministrative centre, helping reduce 40 percent of businesses’ time foradministrative procedures.
Along with the support, the locality has renewedinvestment promotion work towards professionalisation, practicality andefficiency.
Thanks to the endeavours, Quang Ninh has wontrust of investors with many big projects, including Texhong Hai Yen fibrefactory in Mong Cai and Vinpearl Ha Long Bay Resort in Ha Long City.
Investment promotion activities abroad aswell as cooperation with international organisations have been strengthened to introducethe locality’s potential and policies.
Quang Ninh has sent working groups to many foreignmarkets, including Malaysia, Singapore and Taiwan to organise investmentpromotion activities and establish ties with potential partners and investors.-VNA
Foreign investors poured 567.3 million USD in registered capital into 12 new projects and eight existing one in the northeastern province of Quang Ninh so far in 2016.
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An aerial view of Van Don Economic Zone in Quang Ninh (Photo: VNA) 
