FDI creates momentum for Quang Ninh
The northeast province of Quang Ninh aims to attract US$500 million for seven FDI projects this year.
They include two on-going projects, namely the US$150 million expansion of Hai Ha seaport, and a US$35.5 million rare earth processing plant.
The province is calling for foreign investment in hi-tech and environmentally friendly technology and hopes to attract Japanese investors to industrial parks, including Viet Hung and Dong Mai.
To develop itself into a service industry province by 2020 and a modern service industry by 2030, Quang Ninh will need US$38.286 million (about 127 percent of its GDP), of which 50 percent will come from FDI inflows in the 2013-2020 period.