Quang Ninh province is part of the Northern Key Economic Region (KER) that compromises seven cities and provinces, including Hanoi, Hai Phong, Quang Ninh, Vinh Phuc, Bac Ninh, Hai Duong, and Hung Yen. The region is home to large FDI enterprises with high export value, playing an extremely key role in the country’s export growth. The long lists include large multinational foreign firms such as Samsung, LG, Fujico, Denso, Microsoft, Canon, Bridgestone, Chevron, Pegatron, and so on.
Located in the northeast region of the country, Quang Ninh is the only locality in Vietnam that shares both land and sea borders with China. Quang Ninh has been awarded 1st place in the Provincial Competitiveness Index (PCI) for 4 consecutive years, a report that measures 10 sub-indices including cost, easiness of doing business, transparency etc..
It’s an attractive region for second-tier investment due to remarkable infrastructure development and economic growth, with abundant land available in expanding industrial zones. One of the most important projects of the northern KER is the construction of the Van Don – Mong Cai Expressway in Quang Ninh, connecting Ha Noi – Hai Phong, Hai Phong – Ha Long, and Ha Long – Van Don highways to create the longest highway in Vietnam. In addition, the Lach Huyen deep seaport is being expanded and will serve as major port for import and export, saving costs for domestic logistics. Quang Ninh’s per capita income is over USD 6,700, twice that of the national average.