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Vietnam – Quang Ninh has 2 more FDI projects, with investment capital of over 330 million USD

Quang Ninh has 2 more FDI projects, with investment capital of over 330 million USD

On the afternoon of February 21, Quang Ninh Economic Zone Management Board awarded investment certificates to 2 foreign direct investment (FDI) projects with a total investment of over 330 million USD.

Two projects awarded investment certificates include: Gokin Solar Hai Ha Vietnam monocrystalline silicon panels and photovoltaic monocrystalline silicon bars project at Texhong Hai Ha Industrial Park, Hai Ha district. The project has a total investment of 275 million USD. Design capacity is nearly 1.4 billion products/year. The investor is Gokin Solar Company (Hong Kong – China). It is expected that the project will complete infrastructure investment items and go into operation in October 2025. The second project is a project to produce bearings and linear motion equipment at Song Khoai Industrial Park (Amata), Quang Yen Town with design capacity reaches 930 tons of products/year. Total investment is 57 million USD. The investor is IKO Thompson Vietnam Co., Ltd. It is expected that in January 2026, phase 1 of the project will go into operation. These are both investment projects in the field of processing – manufacturing and high-tech industries, thereby contributing to further strong development in this field. At the same time, it continues to affirm the improvement in the investment and business environment of Quang Ninh province.

With the view of effectively using extra-budget capital for development, FDI is an important driving force, promoting the industry to accelerate in the new period; comments on fluctuations in the international investment environment, especially the strong shift in foreign investment capital flows at the present time, Resolution No. 20-NQ/TU (dated November 27, 2023) of the Party Executive Committee The Provincial Ministry “On mission directions for 2024” has determined: Attracting investment in general and FDI in particular is the main driving force to ensure growth with the goal of striving for total FDI capital of over 3 billion USD.

To date, Quang Ninh province has nearly 200 FDI enterprises from 20 countries, with a total investment capital of nearly 14 billion USD. FDI enterprises, mainly high-tech, environmentally friendly projects, modern management, high added value, participate in the global value chain. According to information from the Economic Zone Management Board, from the beginning of 2024 until now, industrial parks in the province have attracted 8 FDI investment projects with a total capital of 478 million USD. It is expected that in the first quarter of 2024, the total FDI capital attracted to industrial parks will reach about 1 billion USD. Through this, it will contribute to fulfilling the province’s overall goal of attracting at least 3 billion USD of FDI capital in 2024.