Quang Ninh determines manufacturing to be key industrial pillar

The northern province of Quang Ninh has determined that manufacturing will be one of the main pillars of its industrial production over the next five years, building on a wide array of advantages.

Friday, October 16, 2020 05:28

Production of tarpauline at Vinanewtarp in Quang Ninh Province

Its advantages include a network of sea ports, logistics services, industrial parks, expressways and border gates with China.

Quang Ninh was home to only 291 manufacturing businesses in 2010, but the figure has grown to 841 in 2020, accounting for 81.8% of the province’s all industrial firms.

Total investment in manufacturing during the 2010-2020 is estimated at nearly VND69 trillion (US$3 billion). The sector is creating jobs for more than 54,000 workers each year.

Over the next five years, Quang Ninh will attract manufacturing projects selectively, with priority given to those employing advanced and environmentally friendly technologies, having high added value, using resources effectively, and making substantial contributions to economic growth.

The province also aims to develop industrial parks in a sustainable way by combining it with the development of urban and services areas with modern technical and social infrastructure.