Quang Ninh attracts 1H FDI of $832mln

Northern Quang Ninh province attracted more than $832.1 million in FDI during the first half of the year, representing 69.3 per cent of the annual target, according to the Quang Ninh Investment Promotion Agency (IPA).

The province targets attracting $1.2 billion in FDI this year and gradually becoming a high-quality technology production center.

Provincial authorities have met and worked with representatives from many international agencies and corporations this year, such as Mastern Investment Management from South Korea, the Japan-Mekong committee under the Japan Chamber of Commerce and Industry (JCCI), Japan’s Ministry of Economy, Trade and Industry (METI), and Japanese multinationals Sojitz and Toshiba.

Local leaders also attended meetings between the Vietnam Chamber of Commerce and Industry (VCCI) and 60 businesses from Hong Kong (China), and another meeting between VCCI and a delegation from the Seoul Chamber of Commerce and Industry (Seoul CCI) with 20 businesses.

Since early this year, the province has welcomed a number of foreign investors coming to study and seek investment opportunities, including Japan’s Yaskawa Electric, which plans to build a $100 million factory producing automation equipment at the Song Khoai Industrial Park, and Japan’s Tenma Corporation, which plans to build an 18-ha plastic molding plant costing $150 million.