In the first nine months of 2025, Quảng Ninh province secured a staggering VND 98,509.5 billion in total social investment capital—a 46.7% surge over the entire year of 2024, according to the provincial Department of Planning and Investment. Domestic capital dominated the influx, exceeding VND 90,000 billion and underscoring the pivotal role of local enterprises in sustaining the region’s investment momentum.

Homegrown businesses led the charge, with authorities greenlighting 14 new domestic direct investment (DDI) projects totaling VND 84,033.9 billion in registered capital. By contrast, foreign direct investment (FDI) lagged sharply at just USD 180.3 million—equivalent to roughly VND 4,537.6 billion—from 15 new projects, representing a mere 19.9% of 2024’s performance. Beyond fresh approvals, the province adjusted 115 existing projects to boost efficiency and accelerate implementation. The hottest sectors? High-tech manufacturing, eco-friendly processing, and resource-efficient industries.

To pave the way for this capital wave, Quảng Ninh has doubled down on infrastructure. Authorities have audited land banks, expedited site clearance, rolled out worker housing, and upgraded power, water, wastewater, waste treatment, and inter-regional connectivity. These efforts bore fruit with the selection of investors for flagship projects, including the Monbay Vân Đồn tourism-entertainment complex, Đông Triều Industrial Park, a premium resort hub in Vân Đồn, and Phase 1 of the Ninh Dương new urban area.

A landmark milestone came in March 2025 with the official inauguration of the Thành Công Automobile Plant, signaling Quảng Ninh’s ascent in automotive manufacturing. Meanwhile, provincial leaders engaged directly with over 50 foreign investor delegations, hosted troubleshooting sessions for domestic firms, and ramped up global promotion through high-profile events such as the Investment-Trade-Tourism Promotion Forum in Brussels (Belgium) and the Vietnam Investment Promotion Seminar 2025 in Taiwan (China).

The province’s winning formula? Bold decentralization, accountability for top officials, phased priority project pipelines, and a closed-loop investment model spanning permitting to post-investment support. The result: not just capital inflows but a stable, investor-friendly ecosystem.

Fueled by domestic dynamism and agile governance, Quảng Ninh is cementing its status as northern Vietnam’s premier investment magnet—steering toward a green, smart, and sustainable industrial future.