Quang Ninh goals to draw high quality FDI inflows | Enterprise

Quang Ninh aims to attract quality FDI inflows hinh anh 1      Quang Ninh goals to draw high quality FDI inflows.      (Picture: VNA)
Quang Ninh (VNA) – The northern coastal province of Quang Ninh has strengthened measures to draw high quality overseas direct funding (FDI) inflows, particularly from massive names within the processing-manufacturing business.

Hoang Trung Kien, head of the Quang Ninh financial zone administration board, mentioned the processing-manufacturing sector continues to considerably contribute to the province’s financial development in 2023. Quang Ninh is predicted to welcome 9 new FDI initiatives on this subject within the second quarter of this 12 months.

In accordance with the board, from the start of this 12 months, many overseas firms have come to hunt for funding alternatives in Quang Ninh, together with Janpan’s Sojitz, China’s Geely, Want U Success and Campal teams of China’s Taiwan, Škoda of the Czech Republic, and Frasers Property Holdings of Singapore.

Within the first quarter of 2023, Quang Ninh attracted almost 500 million USD in FDI, equal to 40.9% of the yearly goal.

On March 29, the province granted funding licences to a few FDI initiatives with a complete capital of 80 million USD, all within the manufacturing-processing business.

They embrace a 55 million USD mission to provide car rims utilizing mild metals in Bac Tien Phong Industrial Park, Quang Yen city by Xiamen Dawn Group Co.,Ltd., a high wheel manufacturing group from China; and a 15 million USD mission to construct a plastic plant in Dong Mai Industrial Park, Quang Yen city by Vietnam Lioncore Industries Co.,Ltd.

The Republic of Korea’s Samsong Vina Co.,Ltd. obtained an funding certificates for its 10.3 million USD mission to fabricate car security belts in Track Khoai Industrial Park, Quang Yen city./.


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