Japanese investors explore investment opportunities in Quang Ninh province

Mr. Cao Tuong Huy, Deputy Secretary of the Provincial Party Committee and Chairman of the People’s Committee of Quang Ninh province had a working session with Mr. Azuma Yoshiro, Chairman of the Japan Association for the Restoration and Development of the National Economy (TNG), on August 6 to discuss investment opportunities in the northern province.

During the session, Mr. Azuma Yoshiro stated that after conducting surveys and reviews in Vietnam, TNG has selected Quang Ninh province as a destination for researching and implementing investment projects. These projects would focus on areas such as transportation, industry, seaports, real estate, and the environment.

Mr. Azuma Yoshiro suggested that Quang Ninh province facilitate and introduce conditions for the association to conduct surveys and research, and propose specific investment ideas. He showed particular interest in projects already listed in the province’s planning, such as the Cua Luc Bay tunnel, the urban area in the northern region of Cua Luc Bay, the Hai Ha general port and logistics service area, and the Cai Chien deep-water port.

On behalf of Quang Ninh province, Mr. Cao Tuong Huy introduced the investment environment in the province, emphasizing that Quang Ninh has a modern administrative system, synchronized investment infrastructure, and top national competitiveness.

Besides, Quang Ninh province is currently an attractive investment environment for strategic investors, especially those from Japan. So far, investors from 20 countries and territories  have invested in and done business in the province, with a total registered investment capital of over $14 billion, including more than 10 projects from Japanese investors.

In the future, Mr. Cao Tuong Huy affirmed that the province would create the best conditions for investors. In the spirit of cooperation, Quang Ninh province commits to providing the most favorable conditions in terms of administrative procedures, land, site clearance, provision of public  services, and creating a clear, convenient, equal, and transparent investment and business environment for investors. 

Regarding the specific investment projects proposed by the association, the Chairman of the People’s Committee of Quang Ninh province noted that these projects are significant for the synchronized development of infrastructure, aligning with the province’s development strategy. Quang Ninh aims to become a centrally-run city by 2030, so the province currently needs investment capital, especially FDI.

Additionally, Mr. Cao Tuong Huy expressed hope that Mr. Azuma Yoshiro and the TNG’s investors would collaborate and organize a Japan Investment Promotion Conference in Quang Ninh in the fourth quarter of 2024, to promptly implement new development ideas and projects, thus contributing to the socio-economic development of the province.