Quang Ninh province investment report 2025
With 2,877.7 million USD of FDI capital in 2024, Quang Ninh continues to affirm its position in the group of 5 leading provinces and cities nationwide in attracting foreign investors. So, what are Quang Ninh FDI attraction policies to investors? Let’s find out with S4B Vietnam in this article below:
1. Quang Ninh province investment report 2024
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 the total investment capital implemented, an increase of 5.6%; non-State capital reached 60.9 trillion VND, accounting for 55.7% of the total social investment capital, an increase of 15.8%; Foreign direct investment capital reached 21.4 trillion VND, accounting for 19.6% of the total social investment capital, an increase of 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 investment environment is currently in the group of 5 provinces and cities leading the country 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.
Quang Ninh investment environment 2025
2. Quang Ninh FDI attraction policies
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 cities, towns and districts, including information on socio-economics, labor, planning and land. These data have 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 attractions 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 2 more projects in Quang Ninh province investment report. 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, early second quarter of 2025. In the future, the automobile and supporting industry 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 manufacturing industry FDI recorded a growth rate of over 20% in 2024, becoming the main growth driver of the province.
3. 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 companies in Quang Ninh 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 lower than 57,330 billion VND, of which import-export revenue is 17,800 billion VND, domestic revenue is not lower than 39,530 billion VND.
If you are a company seeking investment opportunities in Quang Ninh, now is the perfect time to take advantage of the province’s Quang Ninh FDI attraction policies, infrastructure projects, and dynamic economic growth. Whether in manufacturing, logistics, renewable energy, or industrial development, Quang Ninh offers an ideal business environment for long-term success.
Contact S4B Vietnam today for expert insights and tailored support in company establishment, tax and accounting consulting, payroll and HR resource service, .. to help your business thrive in Quang Ninh!
>>>Read more: Vietnam tax benefits for foreign investors
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