Manufacturing and processing sector key to Quảng Ninh's modernisation

During the COVID- 一 九 pandemic, Quảng Ninh focused on implementing synchronous solutions to keep the area safe and maintain production for processing and manufacturing enterprises.

In addition, the province has also promoted administrative reform, improving the business investment environment, and enhancing competitiveness.

The license time for investment projects continued to set new records. The Jinko Solar Vietnam silicon wafer technology project, with a total investment of nearly US$ 五00 million, was granted an investment registration certificate less than  二 四 hours after receiving the completed application. After only four months of construction, the project was put into operation seven months ahead of the set schedule.

Initial successes

After two years of implementing Resolution No 0 一-NQ/TU, the proportion of the processing and manufacturing industry in the Gross Regional Domestic Product (GRDP) structure of Quảng Ninh Province has increased markedly. It is gradually approaching the goal of  二0 二 五, with the processing and manufacturing sector accounting for  一 五 per cent of GRDP, equivalent to an increase of  一.0 四 per cent a year.

The sector's average growth rate in the past two years was approximately  一 九 per cent, higher than the average rate of  一 七 per cent per year, which was set in the Resolution.

The province attracted  一 四 new projects and capital increase for five processing and manufacturing industry projects in the past two years. Among them, in  二0 二 一, ten new projects and four others were adjusted to increase capital. In the first nine months of  二0 二 二, the province had four new projects and another project increased its capital.

Total investment capital attracted in the processing and manufacturing industry reached over VNĐ 三 二. 九 trillion; foreign direct investment (FDI) capital reached US$ 一. 一 million, reaching  六 五. 八 per cent of the set target of VNĐ 五0 trillion by  二0 二 五, an average of VNĐ 一0 trillion a year.

Projects in the processing and manufacturing industry have created jobs for nearly  一0,000 new employees, bringing the total number of people working in the sector to over  六 三,000.

Quảng Yên Town with Quảng Yên Coastal Economic Zone is the nucleus and new growth engine of the western route and of Quảng Ninh, developing under the 'smart city' model with urban areas, industrial zones, services and smart and modern seaports.

Chairman Thắng said the town has five IPs being invested in, built and put into operation, making a very important contribution to the town's economic growth.

In addition, Quảng Yên Town has attracted many international investors in the processing and manufacturing industry of Quảng Ninh.

The structure of the industry-construction sector of Quảng Yên is changing strongly as the contribution of the processing and manufacturing sector to the economic structure has increased rapidly.

The production value in processing and manufacturing IPs in the area reached VNĐ 九. 五 trillion in the nine months, accounting for  八 八 per cent of the total industrial value in the town, up  七 三. 五 per cent over the same period last year.

The initial results affirmed that the processing and manufacturing industry is an important economic sector. It has become the main pillar of the locality and a practical step to concretise the policy of industrialisation and modernisation.

It also said that Resolution No 0 一-NQ/TU is one of the strategic and thinking resolutions of Quảng Ninh Province, creating an important premise to attract processing and manufacturing projects and creating breakthrough development in the coming time.

To achieve the above goal, the Secretary of the Provincial Party Co妹妹ittee cum Chairman of the People's Council of Quảng Ninh Province Nguyễn Xuân Ký asked units to continue to innovate in investment promotion and attraction in a proactive and highly professional manner. Furthermore, the province would study, develop and issue a set of criteria for selecting secondary investors in IPs to ensure green growth and sustainable development.

He also urged the infrastructure investors of IPs to speed up synchronous infrastructure investment progress, encouraging attraction to social infrastructure and essential services for employees.

At the same time, the province has given attention to policies to transform labour structure, training and retraining workers to improve competitiveness. It has identified the right driving force and key areas to prioritise resources for development and investment. — VNS