Quang Ninh licenses seaport complex project
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The investors in the project are the CDC Corporation, headquartered in the Cayman Islands, the Middle Utilities Company Pte Ltd of Singapore, and Infra Asia Investment Limited of Hong Kong.
With total investment capital of 7 trillion VND (315 million USD), the project spans over 1,100 ha of land and water surface in Tien Phong, Lien Hoa, Lien Vi, and Phong Coc communes.
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The project includes three phases with the first scheduled to last from 2017-2021, the second from 2022-2031 and the third from 2032-2036.
Once operational, it is expected to create 110,000 direct jobs and indirect ones.
Addressing the licence granting ceremony on November 18, Chairman of the provincial People’s Committee Nguyen Duc Long said the decision shows the province’s desire to streamline administrative procedures and improve the investment climate.
It also demonstrates Quang Ninh’s resolve to create breakthroughs in infrastructure, especially in transport, helping tap Quang Yen’s potential and give the locality a face-lift, he said.
Foreign investors have poured 567.3 million USD in registered capital into 20 projects in Quang Ninh so far in 2016.
The figure represented a surge of 30.4 percent from the same period last year.
In terms of domestic investment, in 2016, 21 new projects and seven capital adjustment projects were licensed with combined capital of 17.8 trillion VND (798 million USD) in the province.
In total, Quang Ninh has attracted over 30 trillion VND (1.35 billion USD) in investment capital in 2016.
These figures have shown that the investment environment in Quang Ninh has improved.
The province has devised measures to support enterprises and helped startups and enterprises reform technology while adopting policies to stimulate investment in infrastructure of industrial clusters in the province.
Provincial authorities have established consulting teams to handle difficulties for enterprises, and made efforts to improve investment promotion activities, with several investment promotion events held in Malaysia, Singapore, and Taiwan./.
