In the first eight months of the year, Quang Ninh attracted a total of 754,63 million USD in foreign direct investment.

DNHN - According to the report of the Department of Planning and Investment of Quang Ninh province, as of August 21, 2023, the total capital attracting foreign direct investment (FDI) in the province during the first eight months of the year.

Regarding attracting foreign direct investment (FDI), the investment registration agencies of the province have issued new investment registration certificates for 14 FDI projects with a total registered capital of 727.24 million USD; adjusted to increase capital for 02 projects with the additional capital of 26.41 million USD; Level 02 notices that foreign investors meet the conditions for capital contribution/share purchase/purchase of contributed capital with a contribution amount of at least 100 million USD; Level 03 notices that foreign investors satisfy the conditions for capital contribution/share purchase/purchase In the first seven months of 2023, Quang Ninh province ranked ninth in the nation and fourth in the Red River Delta in terms of total FDI attraction. In specific:

Currently, in Quang Ninh province, there are 164 FDI projects of investors from 20 countries and territories conducting production and business activities with a total registered investment capital of over 11 billion USD. Foreign investors have invested in 16 of the nation's 21 economic sectors, with the processing and manufacturing industry leading both in terms of the number of projects and registered investment capital; the production and distribution of electricity, gas, hot water, and steam are also of particular interest to foreign investors. Hong Kong (China) leads in terms of investment partners with 49 projects and over 3.81 billion USD in total investment capital, representing 32.96% of total FDI capital in the province; followed by Japan (over 2.34 billion USD, representing 20.24%) and the United States (nearly 2.31 billion USD, representing 19.95%). With 164 valid FDI projects, Quang Ninh ranks eleventh in the nation for its ability to attract foreign direct investment.

It is anticipated that FDI attraction will reach $846,63 million by the end of August 30, 2023, representing 70.6% of the 2023 plan.

Regarding non-budgetary capital to attract domestic investment, as of August 21, 2023, the total capital to attract domestic investment in the province had surpassed VND 45,304 billion, or 105.4% of the 2023 plan.

Quang Ninh province issued a new Investment Registration Certificate for the Stavian Quang Yen Petrochemical Factory project in the Quang Yen coastal economic zone with a total investment of VND 36,034,94 billion early in July 2023, making a significant contribution. Bring the province's budget for 2023 up to and beyond the set target for attracting foreign investment.

In addition, the Quang Ninh Provincial People's Committee prioritizes the development and support of domestic enterprises, particularly small and medium-sized businesses, including There were 280 units in July 2023 (160 enterprises and 120 dependent units). newly established, up 37% compared to the same period in 2022; registered capital reached 2,258 billion dongs, down 12% compared to the same period; 19 enterprises registered for temporary suspension, equal to the same period; and 51 enterprises dissolved, down 23% compared to the same period.

In the first seven months of 2023, there were 1,615 newly established units (992 enterprises, 623 dependent units), a 10% increase over the same period in 2022; registered capital reached VND 14,445 billion, a 1.5% decrease over the same period; 1,303 enterprises registered to suspend, a 14% increase over the same period; 302 dissolved enterprises, equal to the same period in 2022; the number of suspended and dissolved enterprises was primarily comprised of small and micro enterprises (accounting There were 598 businesses back in operation, a 20% decrease from the same period. Regarding business lines: In the first seven months of 2023, wholesale and retail, travel and equipment rental, construction, and manufacturing and processing industries will be the primary business lines of newly founded companies.

There are currently 16,820 registered businesses and dependent units in the province, with a total registered capital of 338,000 billion VND; of these, 1,464 enterprises have temporarily ceased operations, 4,833 enterprises have other legal status, and 10,523 businesses and branches are operating and have tax declarations.

In addition, 25 new cooperatives were established in the first seven months of 2023, which is equivalent to the same period in 2022, achieving 83% of the year plan (the plan to establish 30 new cooperatives). Agriculture, forestry, and aquaculture (representing 74% of the cooperative's operations) comprise the majority of the cooperative's fields of operation; the remainder consists of wholesale, retail, tourism, and transportation. Cam Pha City, Uong Bi City, Dong Trieu Town, and Van Don, Binh Lieu, and Hai Ha districts... are home to the greatest number of newly founded cooperatives. The registered charter capital is 112,720,000,000 VND, 15 cooperatives are registered to change their certificate of operation registration, and 05 cooperatives are registered to suspend, a decrease from the previous sign. Currently, 402 tax-declaring cooperatives are operating in the province.

In the final months of 2023, Quang Ninh Province will continue to promote the implementation, synchronization, and effectiveness of investment attraction solutions, including the following:

Actively advise and propose competent authorities to promulgate mechanisms, policies, and solutions for selective investment attraction (including FDI attraction and domestic investment attraction); promptly propose amendments and cancellations of inadequate legal regulations and legal procedures to promptly remove difficulties and obstacles, and provide pre-investment support to investors.

Promote and maintain Quang Ninh's position in administrative reform; implement solutions to improve efficiency and innovate investment promotion, with special emphasis on on-site investment promotion.

Rapidly complete projects of general construction planning and subdivision planning; accelerating compensation and site clearance, meeting the demand for clean ground to attract investment projects in 2023, assisting industrial park and industrial park infrastructure investors with site clearance, and eliminating obstacles to sources of backfilling materials for projects.

Promptly advise and direct to ensure sufficient electricity supply for production activities of industrial zones, economic zones, and industrial zones to develop the province's socio-economic development and attract investment projects in 2023; closely following the instructions of the Ministry of Industry and Trade on Electricity Planning VIII and electricity prices to propose directions to remove obstacles for LNG, wind power, and solar power projects. Create the optimal conditions for the coal industry to increase investment resources for the development, exploration, and evaluation of coal reserves to serve production and business activities in the province while ensuring environmental protection is reasonable and sustainable by the master plan.

Advise on mechanisms, policies, and solutions to improve the quality of human resources, particularly human resources serving sectors and fields of interest to the province, with a focus on attracting investment, and concurrently advise on solutions to attract and "retain" employees working in the province, with a focus on attracting housing investment projects for workers working in the industrial zone; enhance the accuracy of labor demand forecasting in Quang Ninh province.

Nam Tri Duc