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Increasing investment attraction in economic zones and industrial parks

Việt NamViệt Nam15/04/2025

In the dynamic economic development picture of Quang Ninh in recent years, economic zones (EZs) and industrial parks (IPs) have emerged as the “nuclei” of growth, creating strong investment attraction. With innovative thinking, proactive and flexible working methods, the province has been building an attractive investment environment, synchronous infrastructure, streamlined administrative procedures... opening the door to attract domestic and foreign capital flows, especially new generation FDI capital flows.

Song Khoai Industrial Park (Quang Yen Town) has been investing in synchronous and modern technical infrastructure, becoming increasingly attractive to secondary investors who are looking for investment opportunities in Quang Ninh province.

Quang Yen coastal economic zone was established by the Prime Minister in September 2020 with a scale of more than 13,300 hectares. With its strategic location, synchronous infrastructure, attractive investment environment and strong support from the government, Quang Yen has become a "magnet" attracting domestic and foreign projects. Currently, this economic zone has developed 5 industrial parks: Dong Mai, Song Khoai, Nam Tien Phong, Bac Tien Phong and Bach Dang. In 2024, Quang Yen town coordinated with departments and branches to promote investment, attracting 24 new projects with a registered area of ​​over 137 hectares. Of which, 23 FDI projects with a total capital of nearly 1.34 billion USD and 1 domestic project with an investment capital of about 741 billion VND.

Among the existing industrial parks in Quang Yen, Song Khoai Industrial Park is a typical example. After 4 years since the handover of the site, Song Khoai Industrial Park has attracted 19 secondary investment projects, raising the total investment capital to nearly 3 billion USD. In 2024 alone, this industrial park will welcome 4 more large projects from international corporations such as Foxconn, IKO Thompson, Tenma, Yaskawa... This success comes from the large investment scale, modern infrastructure, attractive incentive policies and especially the strategic geographical location, located in the core area of ​​the coastal economic zone, conveniently connected to seaports, international airports, highways and neighboring urban - industrial centers such as Hai Phong, Ha Long, Hai Duong.

Mr. Nguyen Van Nhan, General Director of Amata Ha Long Urban Joint Stock Company - the investor of Song Khoai Industrial Park infrastructure - affirmed: "In addition to the advantages of strategic geographical location, convenient connection thanks to synchronous and modern traffic infrastructure, we have received great support from the provincial and local authorities, especially in site clearance and administrative reform. Amata will continue to invest in infrastructure, aiming to develop a green industrial park model, using renewable energy, ready to welcome more investors in industries and fields that Quang Ninh province and Vietnam are prioritizing to attract such as processing and manufacturing industry, high-tech industry, semiconductor industry...".

Looking at the typical example of Quang Yen, it can be affirmed that modern technical infrastructure is a key factor in creating competitiveness for economic zones and industrial parks. Quang Ninh has continuously devoted strong investment resources to land clearance and infrastructure completion in industrial parks. Up to now, the total area of ​​land cleared in industrial parks has reached 2,717 hectares; of which 8/9 industrial parks have been assigned and leased land by the Provincial People's Committee with a total area of ​​1,941.57 hectares. The area of ​​land leased in economic zones and industrial parks has reached 1,105.9 hectares, accounting for 56.06% of the industrial land fund that can be leased - a figure that shows a remarkable speed of implementation and efficiency of industrial land use. Notably, in the first quarter of 2025 alone, the People's Committee of Quang Yen Town and Hai Ha District completed site clearance and industrial park infrastructure investors prepared land lease documents for 335 hectares, reflecting the synchronous participation of all levels and sectors of the province in creating clean land funds, ready to attract investors.

Employees of Jinko Solar Industrial Co., Ltd., Song Khoai Industrial Park ensure protective equipment while working. Photo: Thanh Hang
Jinko Solar Industrial Co., Ltd. in Song Khoai Industrial Park is currently operating stably, making positive contributions to the economic and social development of the province.

In addition to infrastructure, Quang Ninh province pays special attention to administrative procedure reform, considering it a lever to improve the investment environment. In the first 3 months of 2025, the Provincial Economic Zone Management Board received 116 administrative procedure dossiers in the field of business investment, resolved 84 dossiers, of which 68 dossiers were resolved ahead of schedule, 16 dossiers were on time, and no dossiers were late. The process of resolving administrative procedures has been improved in a streamlined, transparent, and business-centric direction, creating great trust and sympathy from investors.

At the same time, the work of supporting and supervising project implementation is also carried out proactively and closely. Specialized teams are regularly sent to the field to grasp the situation, support enterprises in handling difficulties, ensuring progress, construction quality, environmental protection and labor safety. The Provincial Economic Zone Management Board has also reviewed and summarized 8 projects that are behind schedule and have been in backlog for a long time, and reported to the Department of Agriculture and Environment to submit to the Provincial People's Committee for solutions.

The province's efforts have quickly brought positive results. In the first quarter of 2025, the economic zones and industrial parks in the province are managing a total of 351 valid non-budget investment projects. Of these, there are 147 FDI projects with a total registered capital of nearly 10.37 billion USD and 204 domestic projects with a total investment of 132,134 billion VND. The total number of employees in the industrial parks is about 42,500 people, creating a stable output of industrial products, with 8/12 products completed and exceeding the first quarter plan. The province has also recorded success in attracting new-generation foreign direct investment capital. In the first quarter of 2025 alone, Quang Ninh attracted 167.33 million USD in FDI capital; including 5 new projects with a total registered capital of 92.94 million USD and adjusted capital increase for 6 projects, reaching an additional 74.39 million USD. Several key projects have received maximum support to start construction on schedule, typically the Lite-On Quang Ninh Factory Project Phase 1 at Song Khoai Industrial Park. Many factories such as Lioncore Vietnam 2, Fujix Vietnam, Phuc An, Tamagawa or Thanh Cong Viet Hung have completed administrative procedures and officially started production ahead of schedule, thanks to the strong support of the government.

According to the Provincial Planning for the period 2021-2030, with a vision to 2050 approved by the Prime Minister in Decision No. 80/QD-TTg dated February 11, 2023, Quang Ninh is planned to develop 23 industrial parks with a total area of ​​18,842 hectares, of which 15 are located in the economic zones. The province has been implementing many important projects such as building a specific mechanism for Van Don economic zone, digital records of economic zones and industrial parks; a set of criteria for attracting infrastructure and secondary projects to industrial parks... From the available foundations, Quang Ninh aims to build a system of green - modern - effective economic zones and industrial parks, as a driving force to promote rapid and sustainable economic development, associated with improving the quality of life for the people.

Song Ha


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