North-eastern province Quang Ninh has attracted 5.1 billion USD inforeign direct investment (FDI) through 104 projects so far, accordingto the provincial Department of Planning and Investment.
Thedepartment said it has managed to attract FDI through flexible policiesand a favourable business environment together with comprehensive andmodern infrastructures.
It noted that the province grantedlicences to two new FDI projects in the first half of the year, with thetotal register capital reaching 8.3 million USD. Investment in noproject was stopped, nor was any project revoked.
Most of theprovince's existing projects have become operational. Its FDIdisbursement during the January-June period was estimated at 179 millionUSD, with a turnover of 657 million USD, posting a 38 percentyear-on-year increase. Its contribution to the State budget rose by 34percent from last year.
The province contacted and worked with50 business delegations and foreign investors from Japan, China, and theRepublic of Korea, which sought investment opportunities in theprovince during the six-month period.
It plans to grantinvestment licences to four to six FDI projects in the second half ofthe year, while increasing registered capital for five to six others. Ithas urged relevant agencies to actively improve the province's businessenvironment and enhance trade promotional activities.
Lastyear, the province granted licences and increased capital for 38 FDIprojects, with the total capital reaching 820 million USD. Of this, 38new projects were granted licences, with 700 million USD registeredcapital.
Meanwhile, several domestic investors have promotedtheir investments in the province, especially in the tourism andcommerce sectors.
In 2014, it issued investment licences to 60domestic investors, with 25.6 trillion VND (1.18 billion USD) in totalcapital, an increase of 18 percent in comparison with 2013.
With62.16 points, the province ranked 5th in Vietnam's annual ProvincialCompetitiveness Index (PCI) in 2014. The business community had pointedout improvement in the province's five sub-indexes such as businesssupport index, labour training index, legal institution index, marketentering index, and time duration. This resulted from the province'shard and constant efforts to improve the business environment andincrease competitive capacities.
This year, it again strives to be in PCI's top five.-VNA
Thedepartment said it has managed to attract FDI through flexible policiesand a favourable business environment together with comprehensive andmodern infrastructures.
It noted that the province grantedlicences to two new FDI projects in the first half of the year, with thetotal register capital reaching 8.3 million USD. Investment in noproject was stopped, nor was any project revoked.
Most of theprovince's existing projects have become operational. Its FDIdisbursement during the January-June period was estimated at 179 millionUSD, with a turnover of 657 million USD, posting a 38 percentyear-on-year increase. Its contribution to the State budget rose by 34percent from last year.
The province contacted and worked with50 business delegations and foreign investors from Japan, China, and theRepublic of Korea, which sought investment opportunities in theprovince during the six-month period.
It plans to grantinvestment licences to four to six FDI projects in the second half ofthe year, while increasing registered capital for five to six others. Ithas urged relevant agencies to actively improve the province's businessenvironment and enhance trade promotional activities.
Lastyear, the province granted licences and increased capital for 38 FDIprojects, with the total capital reaching 820 million USD. Of this, 38new projects were granted licences, with 700 million USD registeredcapital.
Meanwhile, several domestic investors have promotedtheir investments in the province, especially in the tourism andcommerce sectors.
In 2014, it issued investment licences to 60domestic investors, with 25.6 trillion VND (1.18 billion USD) in totalcapital, an increase of 18 percent in comparison with 2013.
With62.16 points, the province ranked 5th in Vietnam's annual ProvincialCompetitiveness Index (PCI) in 2014. The business community had pointedout improvement in the province's five sub-indexes such as businesssupport index, labour training index, legal institution index, marketentering index, and time duration. This resulted from the province'shard and constant efforts to improve the business environment andincrease competitive capacities.
This year, it again strives to be in PCI's top five.-VNA
