Quang Ninh steps up investment attraction

Recognising that the success of enterprises and investors is also the province’s success, Quang Ninh has worked to resolve difficulties and obstacles facing investors and enterprises, with the goal of attracting and implementing projects as quickly and effectively as possible.

Thanks to its favourable investment climate and transparent, efficient administration, Quang Ninh attracted a total of 61.9 trillion VND (2.35 billion USD) in investment capital in the first six months of 2025, of which foreign investment accounted for 292 million USD.

The province issued new investment certificates for 12 projects with total registered capital of 173.64 million USD, and approved capital increases totalling 116.47 million USD for ten existing projects. Notably, Quang Ninh recorded 1,150 newly established enterprises, bringing the total number of active businesses to more than 11,400.

To date, major domestic and foreign investors have proposed billion-dollar projects in Quang Ninh. Recently, China Pacific Construction Group proposed preparing a pre-feasibility study report for the Cua Luc Bay road tunnel project, which has an estimated total investment of approximately 10 trillion VND (380.6 million USD) and is expected to be implemented between 2025 and 2030.

Quang Ninh Party Secretary Vu Dai Thang said: “The province will create all necessary conditions during the process of completing procedures for the group’s investment projects. We hope that, with its experience in urban infrastructure investment, China Pacific Construction Group will conduct comprehensive research to shape the development of a smart, modern, ecological urban area in the northern part of Cua Luc Bay, thereby generating new momentum for Quang Ninh’s development in the coming years.”

THDV recently proposed developing a green energy circular economy complex at Hai Ha Industrial Park worth about 5 billion USD. The project includes a green hydrogen production complex, an Angus beef cattle breeding centre, and an agricultural-forestry raw material region spanning up to 70,000 hectares. The company’s proposal has been highly regarded by the provincial authorities as it aligns with Quang Ninh’s strategy of developing green energy, clean energy, and environmentally friendly projects.

Based on the investor’s proposal, the province has directed relevant agencies and localities to cooperate closely to concretise the idea and create optimal conditions for the investor to research and implement the project in Quang Ninh.

A representative from the Quang Ninh Economic Zone Management Board said the province has attracted many large-scale high-tech projects thanks not only to its outstanding potential but also to proactive administrative reforms that facilitate investment.

The board is implementing solutions to resolve challenges for key projects with large investment capital, such as the Quang Ninh LNG Power Plant in Cua Ong Ward, with total capital of nearly 2 billion USD and a capacity of 1,500 MW. The project will be implemented by a consortium comprising PetroVietnam Power, COLAVI, and Japan’s Tokyo Gas and Marubeni Corporation. The plant is expected to begin operation in 2028, supplying 9 billion kWh of electricity annually to the national grid and contributing approximately 67 trillion VND (2.5 billion USD) to the budget over 25 years.

Several other major projects are being accelerated, including the 5.2 trillion VND (198 million USD) Aeon Mall Ha Long, scheduled for completion in the fourth quarter of 2025; a 35 million USD Yazaki factory at Dong Mai Industrial Park specialising in automotive wiring systems; and a 56 million USD project by Tenma Viet Nam to produce plastic components, assemblies, and mouldings.

Along with attracting strategic projects in the high-tech and manufacturing sectors, Quang Ninh is seeking investment in high-end tourism and resort projects, such as the Monbay Van Don high-end tourism, resort, entertainment complex, golf course, and residential area, covering nearly 300 hectares with investment capital of approximately 1 billion USD, and the Van Don Casino project worth over 2 billion USD.

To meet development requirements in the new phase, Quang Ninh continues to prioritise investment in sectors using modern, clean technology, with low resource depletion and high value-added products.

To achieve its economic growth target of over 14% in 2025, the province is implementing a series of bold measures, including accelerating the progress of transport infrastructure projects currently under construction, considering upgrades to routes that no longer meet development needs, and promoting the development of logistics systems, seaports, and large-scale industrial parks.

The province will also press ahead with administrative procedure reform and digital transformation, while developing startup and innovation ecosystems to create momentum for small and medium-sized enterprise growth.

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