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Increase investment attraction

Việt NamViệt Nam23/03/2025

Over the years, Quang Ninh has always promoted administrative reform, creating the most favorable conditions for investors and businesses to invest, produce and do business in the province with the motto "The success of businesses and investors is also the success of Quang Ninh". With favorable planning, policies and strategies, the province has been and is the destination of many investors.

Recently, at Song Khoai Industrial Park (Quang Yen Town), Lite-on Technology Group - one of the 10 largest corporations in the world specializing in the production of electronic components for computers, phones... has started the construction of Lite-On Quang Ninh Factory Project - Phase 1. The project is invested in construction on an area of ​​30 hectares, with a total investment of 690 million USD, specializing in the production of electronic components for computers, optical devices and instruments, lighting equipment, communication equipment... The project has a scale of 2 factories, 1 office building.

The Lite-On Quang Ninh Factory Project has a total capacity of nearly 124 million products/year. Phase 1 is expected to be completed in November 2025. When put into operation, the project will bring great benefits to investors, actively contribute to increasing the value of industrial production, the value of goods exports of the province, creating more jobs and income for local workers, increasing revenue for the state budget.

Quang Ninh province commits to creating the most favorable conditions for investors to accelerate construction progress, striving to complete the project ahead of schedule. At the same time, it regularly monitors, inspects, and promptly supports investors in resolving problems arising during project implementation.

Groundbreaking ceremony of Lite-On Quang Ninh Factory - Phase 1.
Groundbreaking ceremony of Lite-On Quang Ninh Factory - Phase 1.

Next, in Ha Long City, the Quang Ninh Economic Zone Management Board organized the awarding of the investment certificate to the Avatar Vietnam Project invested by Capital Land Group (Singapore) at land lots CN-XL-05 and CN-XL-10, Road 6, Song Khoai Industrial Park. The project has a land area of ​​6.4 hectares, including 3 areas with 8 separate factories and auxiliary works. The project has a total investment capital of 23.3 million USD, equivalent to nearly 600 billion VND. The project is expected to be completed and put into use in January 2027, to meet the needs of businesses in renting factories, warehouses, offices and other auxiliary works for production.

In recent years, with a favorable investment environment, quick, transparent and effective administrative procedures, Quang Ninh has attracted many domestic and foreign investors and enterprises to learn about and invest in the area. However, investment attraction is still not commensurate with the potential, advantages and space of the province. Therefore, at the meeting of the Standing Committee of the Provincial Party Committee to listen to reports on the situation, results of resolving and removing difficulties, obstacles, bottlenecks and bottlenecks related to projects and key works within and outside the budget, industrial parks and industrial clusters in the province, Comrade Vu Dai Thang, member of the Party Central Committee, Secretary of the Provincial Party Committee, requested that all levels, sectors and localities must take more drastic actions to remove difficulties, obstacles, bottlenecks and bottlenecks in order to unblock and release resources. At the same time, there must be solutions to accompany and support investors and enterprises more effectively, creating the most favorable conditions to complete procedures for new investment projects. Departments, branches and localities must further strengthen coordination to focus on thoroughly resolving outstanding issues, and clarify the responsibilities of each agency and unit in the implementation process with the goal of best serving businesses and investors for development.

Believing that, with continued reform of administrative procedures, creating a favorable investment and business environment, wholeheartedly serving enterprises and investors, along with close and effective direction from the province to the grassroots, Quang Ninh will continue to attract effective investment, become a destination that many investors prioritize, thereby contributing to the growth of the province in 2025 and the following years.

Peace


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