Quang Ninh province fulfilled its target half a year ahead of schedule.

Some domestic projects registered large investment including the Stavian Quang Yen Petrochemical Factory in Quang Yen Economic Zone with total investment capital of over 36 trillion VND (1.5 billion USD) and a construction project of Yen Hung Liquid Cargo Port worth 792 billion VND (33.38 million USD).

The Dong Mai Industrial Park in Quang Yen Economic Zone.

In the first half of this year, the province also attracted 894 million USD of foreign direct investment (FDI), meeting 89% of its yearly target.

Head of the Quang Ninh Economic Zone Management Authority Hoang Trung Kien said that the yearly target of attracting 1.2 billion USD in FDI capital is feasible.

Besides FDI enterprises from established markets such as China, Hong Kong (China), Taiwan (China), Singapore, Japan and the Republic of Korea, Quang Ninh received investment from Sweden for the first time, raising the number of countries and territories investing in the province to 20.

More work needed to improve administrative procedures on investment

Improvements in the group of investment administrative procedures are still slow and not yet in sync with policies to attract investment at the local level.

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Source: NDO