According to a report from the Quang Ninh Provincial Statistics Office, in 2024, the investment capital implemented in the area reached 109.4 trillion VND, an increase of 10% over the same period last year.
Of which, state capital in the area reached 27 trillion VND, accounting for 24.7% of total realized investment capital, up 5.6%; non-state capital reached 60.9 trillion VND, accounting for 55.7% of total social investment capital, up 15.8%; foreign direct investment capital reached 21.4 trillion VND, accounting for 19.6% of total social investment capital, up 1%.
Regarding foreign direct investment (FDI), the total FDI capital attracted in the province reached 2,877.8 million USD, equal to 95.9% of the plan; of which 43 projects were newly granted Investment Registration Certificates reaching 2,073 million USD and 31 projects adjusted to increase capital reaching 804.8 million USD. Quang Ninh is currently in the group of 5 leading provinces and cities nationwide in attracting FDI in 2024.
Entering 2025, at the Dong Trieu City investment promotion conference held on January 1, 2025, the People's Committee of Quang Ninh province granted investment decisions to 4 projects, with a total investment of over 2,000 billion VND. The People's Committee of Dong Trieu City signed a memorandum of understanding to invest in 5 projects with a total investment of about 7,400 billion VND.
Mr. Nguyen Doan Dinh Cuong, Deputy Head of the Investment Promotion and Support Department of Quang Ninh province, said: "In 2024, the Department coordinated with localities to complete a synchronized data set from the province to the city, town and district, including information on socio-economics, labor, planning and land. This data has been digitized to provide the fastest and most accurate information to businesses when needed.
In addition, the unit has also built a list of investment attraction in the province based on consultation from relevant departments, branches and sectors.
In July 2024, Foxconn Group - one of the world's leading electronics manufacturers - invested in two more projects in Quang Ninh. With these projects, Foxconn's total investment capital in the locality reached nearly 1 billion USD, spread over 5 projects.
2024 marks an important milestone when Thanh Cong Viet Hung Automobile Factory completes construction and officially begins trial operation. This factory is the first facility in Southeast Asia specializing in assembling and manufacturing cars under the Skoda Auto brand - a major brand of the Czech Republic.
Thanh Cong Viet Hung factory is preparing conditions for commercial operation at the end of the first quarter, beginning of the second quarter of 2025. In the future, the automobile and supporting industrial complex here is expected to attract more projects for battery and engine factories, R&D centers and supporting areas.
With a series of large-scale projects coming into operation, Quang Ninh's manufacturing and processing industry is expected to record a growth rate of over 20% in 2024, becoming the province's main growth driver.
In 2025, Quang Ninh identified site clearance as a key task to serve industrial park infrastructure projects.
It is expected that in the 2021-2025 period, Quang Ninh will attract more than 10 billion USD of FDI capital, nearly double the period before 2020. This achievement will contribute to strongly promoting the process of transforming the growth model from "brown" to "green", restructuring the economy, creating a foundation for sustainable development for the province in the future.
In 2025 alone, Quang Ninh province aims for a growth rate of gross regional domestic product (GRDP) of over 12%. Total state budget revenue in the province is not less than VND57,330 billion, of which import-export revenue is VND17,800 billion and domestic revenue is not less than VND39,530 billion.
