Northern Quang Ninh province attracted $3.1 billion in FDI in the first ten months of 2023, a 43 per cent increase year-on-year and three-fold higher than the annual target set earlier this year, the Voice of Vietnam has reported.

According to investors, in addition to advantages in geographical location and natural resources, Quang Ninh has also attached great importance to developing a synchronous network of transport infrastructure, urban infrastructure, and industrial parks.

Both foreign capital and non-budget domestic capital have skyrocketed. The January-October period saw total investment in the province reach over VND884 trillion ($36 billion), or 25-fold higher than in the same period of 2022.

Of note, the Port No. 1 project in the Mong Duong - Khe Day Port Complex in Cam Pha city has total investment capital of VND838 trillion ($34 billion).