Quang Ninh province attracts 2 FDI projects worth $330 mln
Vietnam’s northern province of Quang Ninh granted investment certificates to two foreign-invested projects with total registered capital of $330 million on Wednesday.
China-based Gokin Solar will invest $275 million in Texhong Hai Ha Industrial Park to manufacture monocrystalline silicon wafers and monocrystalline silicon photovoltaic bars. The project is set to enter operation in October 2025, with an annual output of 1.4 billion products.
Japan-invested IKO Thompson Vietnam will invest $57 million in Song Khoai Industrial Park, also known as Amata City Ha Long, invested by Thailand’s leading industrial developer Amata. The project will produce 930 tons of bearings and linear motion equipment per year, starting January 2026 when the project’s first phase is operational.
A representative of Gokin Solar (center) receives an investment certificate in Quang Ninh province, northern Vietnam, February 21, 2024. Photo courtesy of Quang Ninh newspaper.
Earlier this month, Quang Ninh province granted investment certificates to two China-invested projects. Xiamen Solex High-Tech Industries will invest in a $80 million plant to produce 10,000 tons of bathroom products per year. The investment will cover 6.78 hectares in Bac Tien Phong Industrial Park.
The other project, covering 5.92 hectares of Texhong Hai Ha Industrial Park with an investment of $41 million, will manufacture 192 million pairs of labor protection gloves a year, or 6,080 tons.
With the latest investments, both in the manufacturing-processing sector, Quang Ninh has attracted eight FDI projects with total registered capital of $478 million so far this year.
In the first quarter of 2024, Quang Ninh expects to welcome FDI of $1 billion towards the target of $3 billion this year, close to the sum of $3.1 billion in 2023.
So far, the northern coastal province has attracted FDI of nearly $14 billion from over 200 businesses, focusing on high-tech and eco-friendly projects.
- Related News
- Read More
Vietnam to add 6,793 MW to power sources in 2025, fulfilling electricity demand
Vietnam is set to add 10 new power source projects with a total capacity of 6,793 MW in 2025, fulfilling the country's electricity demand next year, says state utility Vietnam Electricity (EVN).
Energy - Sun, October 27, 2024 | 5:00 pm GMT+7
PPP funding, special mechanism proposed for $363 mln central Vietnam airport
Vietnam’s central province of Khanh Hoa has proposed developing Van Phong international airport through a public-private partnership with an initial estimated cost of VND9.2 trillion ($363 million).
Infrastructure - Sun, October 27, 2024 | 3:00 pm GMT+7
Taiwan cooling solution firm AVC doubles Vietnam investment to $400 mln
Asia Vital Components (AVC), a Taiwan-based cooling solution provider, will increase its investment in Vietnam’s northern province of Ha Nam to $400 million.
Industries - Sun, October 27, 2024 | 1:30 pm GMT+7
Vietnam plans to invest $13 bln in 2 railways linking to China
Vietnam’s Ministry of Transport is drafting plans to invest $13 billion in building and upgrading two railways linking Vietnam with China.
Infrastructure - Sun, October 27, 2024 | 10:00 am GMT+7
Mekong Delta province Ben Tre set to export fresh coconuts to China
Vietnam and China have reached agreement on conditions for exporting fresh coconuts from the former to the latter; and it was marked by a ceremony in the Mekong Delta province of Ben Tre on Friday.
Economy - Sun, October 27, 2024 | 9:00 am GMT+7
Top e-commerce platforms in Vietnam earn $9.5 bln in Jan-Sept, up 38%
The revenues of top five e-commerce marketplaces in Vietnam, namely Shopee, Lazada, Tiki, Sendo, and TikTok Shop, reached $9.5 billion in the first nine months of this year, up 37.7% year-on-year.
Companies - Sun, October 27, 2024 | 8:00 am GMT+7
6,000 international tourists arrive in Vietnam on 5-star cruises
Nearly 6,000 international guests have arrived in Vietnam aboard five-star cruise ships in the last two days and are set to visit a range of famous natural, historic and cultural landmarks in different regions.
Companies - Sat, October 26, 2024 | 10:08 pm GMT+7
Chinese online retail platform Temu submits papers for Vietnam operations
Chinese online retail platform Temu has submitted a document to Vietnamese authorities for registering its Vietnam operations.
Companies - Sat, October 26, 2024 | 9:38 pm GMT+7
Five investors register for $2.2 bln LNG power project in central Vietnam
Five investors have applied to join the $2.2 billion Quynh Lap LNG-fired power plant project in Nghe An, according to the provincial Department of Planning and Investment.
Investing - Sat, October 26, 2024 | 4:00 pm GMT+7
Southern Vietnam coastal province promotes fish sauce, chocolate, crafts at HCMC show
Farmers and businesses from Ba Ria-Vung Tau are promoting a range of specialties and OCOP (One Commune One Product) products from the province at an exhibition in Ho Chi Minh City.
Companies - Sat, October 26, 2024 | 2:19 pm GMT+7
Northern Vietnam province Quang Ninh has new Party chief
Vu Dai Thang, a Party Central Committee member and Party chief of Quang Binh province in central Vietnam, has been assigned as Party chief of Quang Ninh province for the 2020-2025 term.
Politics - Sat, October 26, 2024 | 1:40 pm GMT+7
Thai-controlled Sabeco to start acquiring 43% stake in brewer Sabibeco next week
Thai Beverage-controlled Sabeco will start its public tender offer to buy an additional 37.81 million shares, or a 43.2% stake, in local brewer Sabibeco on October 31 until December 25.
Companies - Sat, October 26, 2024 | 11:20 am GMT+7
Vietnam mining group Vinacomin appoints new CEO
Vu Anh Tuan, a board member of state-owned Vietnam Coal and Mineral Industry Group (Vinacomin) has been appointed general director, starting from last Monday.
Companies - Sat, October 26, 2024 | 11:14 am GMT+7
Foreign players net sell $46.4 mln worth of Vietnam equities this week
Foreign investors continued to net sell on the Vietnamese stock market this week, to the tune of VND1,178 billion ($46.43 million) as the U.S. dollar extended its strengthening.
Finance - Sat, October 26, 2024 | 9:39 am GMT+7
Northern Vietnam province sees five-year registered FDI exceeds target by 181%
Quang Ninh province in northern Vietnam expects to attract $10 billion in registered foreign direct investment (FDI) in the 2021-2025 period, local authorities say.
Investing - Sat, October 26, 2024 | 8:00 am GMT+7
Vietnam invites state-owned Chinese giant to join $67 bln high-speed railway project
Vietnam’s Commission for the Management of State Capital at Enterprises (CMSC) has invited China State Construction Engineering Corporation (CSCEC) to participate in and "make contributions" to the country’s $67-billion cross-country high-speed railway project.
Infrastructure - Fri, October 25, 2024 | 7:35 pm GMT+7
