Quang Ninh province aims to attract $1.5 bln in Thailand-invested industrial park next year
Vietnam’s northern province of Quang Ninh is looking to attract investment of at least $1.5 billion in 2024 in Song Khoai Industrial Park, also known as Amata City Ha Long, invested by Thailand’s leading industrial developer Amata.
Nguyen Xuan Ky, chief of Quang Ninh's Party Committee, made the statement at a Tuesday meeting. He requested relevant agencies to speed up the construction of the facility, especially site clearance.
So far, site clearance has been completed for 385 hectares of the 714-hectare facility, or 54.02%, and the construction of 180 hectares. For the five phases of the project, Ky asked relevant agencies to complete the second phase this month and the third phase in the first quarter of 2024.
Jinko Solar factory in Song Khoai Industrial Park, Quang Ninh province, northern Vietnam. Photo courtesy of Quang Ninh newspaper.
He made other requests for high-quality workforce training, waste and wastewater treatment, traffic and worker safety, and the simplification of administrative procedures.
Quang Ninh authorities must develop Song Khoai Industrial Park into a key industrial park of the Red River Delta, with a focus on new-generation foreign direct investment (FDI), in line with green, sustainable, and competitive model, Ky added.
So far, Song Khoai Industrial Park has attracted 15 FDI projects with total registered capital of $2.38 billion, covering 132.5 hectares. The figure includes 13 FDI projects this year with total registered capital of $1.4 billion.
Song Khoai Industrial Park was established in 2018 as the third Amata industrial park in Vietnam.
In October, Quang Ninh authorities approved Amata to lease an additional 37.2 hectares to conduct the second phase of Song Khoai Industrial Park. The lease duration is until March 2068 and tenants will have to pay lease fees annually.
The latest investments in the facility are all Japanese. In November, Quang Ninh province granted investment certificates to four projects, namely Castem Vietnam, Part Seiko Vietnam, Tamagawa Vietnam, and Fujix Vietnam, with total registered capital of $80 million.
A major investment in the industrial park is China-headquartered Jinko Solar factory worth VND17.4 trillion ($709.1 million), inaugurated in October. The firm also received an investment certificate to pour $1.5 billion into a solar cell complex.
In June, Quang Ninh province granted investment certificates to two projects proposed by Apple supplier Foxconn with registered capital of a combined $246 million. The 6.3-hectare FECV Foxconn Quang Ninh factory, with an investment of $200.24 million, will manufacture and assemble electronic components, chargers, and charger controllers for electric vehicles.
Meanwhile, the 4.1-hectare FMMV Foxconn Quang Ninh plant, with an investment of $46 million, will produce components for communications and IT products. Both projects are located in Song Khoai Industrial Park.
- Related News
- Read More
Central Vietnam province Gia Lai okays 3 large-scale wind power projects
Gia Lai province has granted in-principle approvals to three large-scale wind power projects with total registered capital mounting to VND19.35 trillion ($734.9 million).
Energy - Fri, October 24, 2025 | 12:01 pm GMT+7
HCMC pushes for early investment in Thu Thiem-Long Thanh railway project
The Ho Chi Minh City People’s Committee has emphasized the need for early investment and operation of a railway connecting Thu Thiem in the metropolis with Long Thanh International Airport in neighboring Dong Nai province.
Infrastructure - Fri, October 24, 2025 | 10:49 am GMT+7
Vietnam to let foreign investors place orders directly via global brokers
Vietnam plans to allow foreign investors to place orders directly through global brokerage firms, a move aimed at easing access to its stock market after a long-awaited upgrade to "secondary emerging" market status, a top regulator said.
Finance - Fri, October 24, 2025 | 8:28 am GMT+7
Vietnam business lobby urges easing of football betting limits
Vietnam’s leading business lobby VCCI has called on the government to sharply ease limits on international football betting and relax foreign ownership rules to make the industry more appealing to investors.
Finance - Thu, October 23, 2025 | 9:30 pm GMT+7
Powering growth from within
The development of a strong domestic private sector is essential for building a resilient, independent, and self-reliant economy that is less dependent on state-owned enterprises or foreign investment, writes Tim Evans, CEO of HSBC Vietnam.
Economy - Thu, October 23, 2025 | 9:09 pm GMT+7
Vietnam's stock market regulator appoints 2 new vice chairpersons
The State Securities Commission of Vietnam (SSC) has appointed Nguyen Hoang Duong and Le Thi Viet Nga as its new vice chairpersons.
Finance - Thu, October 23, 2025 | 4:14 pm GMT+7
Vinhomes chairman appointed CEO of VinSpeed
Pham Thieu Hoa, chairman of Vinhomes, has been appointed CEO of VinSpeed, a newly established company specializing in railway construction.
Companies - Thu, October 23, 2025 | 3:40 pm GMT+7
De Heus, Hung Nhon to invest $380 mln in high-tech agriculture hub in southern Vietnam
Dutch agribusiness group Royal De Heus and Vietnam’s Hung Nhon Group plan to invest VND10 trillion ($380 million) to develop a high-tech agricultural ecosystem in Tay Ninh province between 2025 and 2030.
Industries - Thu, October 23, 2025 | 2:35 pm GMT+7
Consumer finance major F88’s credit rating upgraded on improved funding capability, liquidity
Vietnamese credit ratings agency FiinRatings has upgraded F88's credit rating from “BBB-” to “BBB”, with a “stable” outlook, citing the company's enhanced capital-raising ability and improved liquidity position.
Companies - Thu, October 23, 2025 | 2:00 pm GMT+7
Vietnam's benchmark VN-Index could surpass 2,000 points in 2026: exec
VN-Index could top 2,000 points next year, said Huynh Minh Tuan, founder of FIDT - a Ho Chi Minh City-based investment consulting firm.
Finance - Thu, October 23, 2025 | 10:55 am GMT+7
Key factors helping firms export to demanding markets: DH Foods exec
Don’t treat business as a week-to-week or month-to-month affair. To go the distance, you must conduct business ethically, writes Nguyen Trung Dung, CEO of DH Foods.
Consulting - Thu, October 23, 2025 | 8:00 am GMT+7
Gold exchange, gold derivatives, gold ETFs proposed to be launched in Vietnam
Forming a gold exchange under state management in Vietnam is suitable to the reality, said Dao Xuan Tuan, head of the foreign exchange management department under the State Bank of Vietnam (SBV).
Finance - Wed, October 22, 2025 | 9:00 pm GMT+7
Real estate major Novaland wins key approval for $5 bln project in central Vietnam
Novaland Group (HoSE: NVL), one of Vietnam’s leading property developers, has received investment approval for its flagship project worth $5 billion in the central province of Lam Dong after years of delay due to legal obstacles.
Real Estate - Wed, October 22, 2025 | 4:20 pm GMT+7
Vietnam's plastics heavyweights Tien Phong, Binh Minh report profit surges
Tien Phong Plastic (HNX: NTP) recorded pre-tax profit of nearly VND949 billion ($36.04 million) in the first nine months of the year, exceeding its full-year target by 10.85%, while Binh Minh Plastic (HoSE: BMP) achieved record net profit of VND350 billion ($13.29 million) in Q3, surpassing its VND330 billion milestone set in the previous quarter.
Companies - Wed, October 22, 2025 | 4:17 pm GMT+7
Vietnam, Finland firms sign multiple MoUs on satellite, cybersecurity, aviation partnerships
A series of cooperation agreements were signed between Vietnam and Finland on Tuesday, within the framework of Party chief To Lam's official visit to Helsinki, while bilateral relationship was lifted to a "strategic partnership".
Economy - Wed, October 22, 2025 | 12:43 pm GMT+7
Trung Nam Ca Na seeks to convert agri-forest land for $147 mln industrial park in central Vietnam
Industrial park developer Trung Nam Ca Na is seeking approval to convert about 170 hectares of agricultural and forest land for the construction of a VND3,875 billion ($147 million) project in Vietnam’s central coastal province of Khanh Hoa.
Industrial real estate - Wed, October 22, 2025 | 10:54 am GMT+7
