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04/05/2024, 02:38
Quang Ninh selectively attracts investment to industrial development
The northern province of Quang Ninh has affirmed the viewpoint of selective investment attraction in industrial development, including prioritising environmentally friendly projects.
Part of the Dong Mai Industrial Park in Quang Yen town of Quang Ninh province (Photo: VNA)
At a recent meeting, standing members of the provincial Party Committee demanded that special-use forests, mangrove forests and sea encroachment areas not be used for industrial development.
They affirmed Quang Ninh does not encourage the projects using low technology or the ones that are labour intensive or may cause insecurity or disorder.
The officials also underlined that new industrial projects must not cover more than 500 hectares while drastic measures must be taken to deal with sluggish or ineffective projects so as to fully capitalise on land potential to boost development.
Land reserves of existing industrial parks (IPs) need to be reviewed to zone land for building housing and public facilities for workers, they noted.
The province is currently home to five economic zones (EZs) and 16 IPs covering a total area of over 378,180 hectares.
Three of the five EZs have had their general construction planning approved, and one had its detailed planning at a scale of 1:2,000 given the green light. While six IPs have recorded secondary projects becoming operational, procedures are now underway to build the remaining IPs.
Officials said over the past years, Quang Ninh has reformed investment promotion and selectively attracted capital to IPs and EZs, with priority given to major projects from reputable investors, and those having high added value, applying modern and environmentally friendly technology, and operating in the sectors that contribute to local socio-economic development.
Local IPs and EZs are accommodating 283 valid projects not invested by the State budget, including 90 foreign direct investment (FDI) projects worth over 4.3 billion USD and 193 domestic ones worth over 111.8 trillion VND (4.8 billion USD).
Although the IPs and EZs have gradually established themselves as an impulse for socio-economic development, the effectiveness seen so far has yet to live up to their potential and advantages, officials noted, pointing out that the investment attractiveness of IPs and EZs remains modest, and existing projects there still have modest technology content.
Standing members of the provincial Party Committee requested the Party Civil Affairs Board of the provincial People’s Committee, departments, sectors, and localities in Quang Ninh to objectively review EZs and IPs’ contributions to local socio-economic development and issue standards for investment attraction to those areas.
In 2021, the province clinched its top position in the Provincial Competitiveness Index (PCI) for the fifth consecutive year, and entered the top five provinces and cities with the highest economic governance quality for nine years in a row.
Quang Ninh posted an estimated growth rate of 10.66% in the gross regional domestic product (GRDP) in the first six months of this year, which is 2.64 percentage points higher than the rate in the same period of 2021. It is aiming for a GRDP increase of at least 11% and budget revenues of no less than 52.6 trillion VND in 2022.
The province is viewed as a strategic destination in northern Vietnam and an important link in the northern economic growth triangle of Hanoi - Hai Phong - Quang Ninh. It has set a goal to have modern industry and service sectors and become one of the region’s comprehensive and dynamic development hubs by 2025.
It aims to raise its GRDP by 10% on an annual average during the period, and per capita GRDP to over 10,000 USD by 2025. The urbanisation rate is expected to surpass 75%, while the rate of poor households to go down to below 1%./.
They affirmed Quang Ninh does not encourage the projects using low technology or the ones that are labour intensive or may cause insecurity or disorder.
The officials also underlined that new industrial projects must not cover more than 500 hectares while drastic measures must be taken to deal with sluggish or ineffective projects so as to fully capitalise on land potential to boost development.
Land reserves of existing industrial parks (IPs) need to be reviewed to zone land for building housing and public facilities for workers, they noted.
The province is currently home to five economic zones (EZs) and 16 IPs covering a total area of over 378,180 hectares.
Three of the five EZs have had their general construction planning approved, and one had its detailed planning at a scale of 1:2,000 given the green light. While six IPs have recorded secondary projects becoming operational, procedures are now underway to build the remaining IPs.
Officials said over the past years, Quang Ninh has reformed investment promotion and selectively attracted capital to IPs and EZs, with priority given to major projects from reputable investors, and those having high added value, applying modern and environmentally friendly technology, and operating in the sectors that contribute to local socio-economic development.
Local IPs and EZs are accommodating 283 valid projects not invested by the State budget, including 90 foreign direct investment (FDI) projects worth over 4.3 billion USD and 193 domestic ones worth over 111.8 trillion VND (4.8 billion USD).
Although the IPs and EZs have gradually established themselves as an impulse for socio-economic development, the effectiveness seen so far has yet to live up to their potential and advantages, officials noted, pointing out that the investment attractiveness of IPs and EZs remains modest, and existing projects there still have modest technology content.
Standing members of the provincial Party Committee requested the Party Civil Affairs Board of the provincial People’s Committee, departments, sectors, and localities in Quang Ninh to objectively review EZs and IPs’ contributions to local socio-economic development and issue standards for investment attraction to those areas.
In 2021, the province clinched its top position in the Provincial Competitiveness Index (PCI) for the fifth consecutive year, and entered the top five provinces and cities with the highest economic governance quality for nine years in a row.
Quang Ninh posted an estimated growth rate of 10.66% in the gross regional domestic product (GRDP) in the first six months of this year, which is 2.64 percentage points higher than the rate in the same period of 2021. It is aiming for a GRDP increase of at least 11% and budget revenues of no less than 52.6 trillion VND in 2022.
The province is viewed as a strategic destination in northern Vietnam and an important link in the northern economic growth triangle of Hanoi - Hai Phong - Quang Ninh. It has set a goal to have modern industry and service sectors and become one of the region’s comprehensive and dynamic development hubs by 2025.
It aims to raise its GRDP by 10% on an annual average during the period, and per capita GRDP to over 10,000 USD by 2025. The urbanisation rate is expected to surpass 75%, while the rate of poor households to go down to below 1%./.
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