Quang Ninh Province attracts 10.1% investment increase

The Hanoitimes – Total investments in the northern coastal province of Quang Ninh enjoyed a year-on-year surge of 10.1 percent to the tune of 60.6 trillion VND (2.68 billion USD) in 2017 thanks to improved business climate. According to a report from the provincial Department of Planning and Investment, of the total amount, state capital was 22.9 trillion VND (1 billion USD) and that of non-state capital was 25.7 trillion VND (1.14 USD). Meanwhile, foreign businesses poured 12 trillion VND (531.6 million USD) into the province. Major breakthroughs were made in infrastructure, technology and human resources as parts of efforts to lure investments from large enterprises like Vingroup, Sungroup and FLC Group, said Vice Chairman of the provincial People’s Committee Vu Van Dien.   A specialized industrial zone in Quang Ninh   Tens of trillion VND were splashed out on the upgrade of local infrastructure, giving a momentum for economic development. Those included 7.5 trillion VND Quang Ninh airport project, which serves as a lifeline to turn Van Don island district into a special economic administrative unit in the northern region. Other giant projects are Ha Long-Hai Phong expressway and construction of Bach Dang bridge project and Ha Long-Van Don expressway project. The two projects will link economic triangle Hanoi-Hai Phong-Quang Ninh, making contributions to bolstering socio-economy in the northern key economic region that comprises seven cities and provinces – Hanoi, Hung Yen, Hai Phong, Quang Ninh, Hai Duong, Bac Ninh and Vinh Phuc. Regarding the tourism and service sectors,…

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