Quang Ninh Removes Investment Bottlenecks to Attract $3 Billion in FDI in 2026

Quang Ninh province, a northern coastal economic hub of Vietnam, is ramping up plans to attract $3 billion in foreign direct investment (FDI) in 2026 by removing longstanding administrative and infrastructure bottlenecks. This strategic push highlights the province’s proactive approach to improving its investment climate, supporting sustainable economic growth, and enhancing its competitiveness among Vietnam’s dynamic regional economies.

Foreign direct investment has long been a cornerstone of Vietnam’s development strategy, helping nurture industrial capacity, create jobs, and integrate the country more deeply into global supply chains. As other provinces such as Bình Dương and Hải Phòng continue attracting high-tech and manufacturing FDI, Quang Ninh’s renewed focus signals its intent to be a next-generation industrial and economic destination.

Quang Ninh’s 2026 FDI Target and Policy Direction

During a January 13 provincial conference finalising Quang Ninh’s investment promotion program, Chairman Bui Van Khang set the ambitious target of attracting $3 billion in FDI alongside encouraging domestic non-state investment projects worth about 569 trillion VND (~$21.6 billion).

The focus on FDI aligns with Quang Ninh’s ongoing strategy to deepen economic diversification beyond tourism, which has historically underpinned the province’s growth due to attractions like Ha Long Bay. By prioritising streamlined investment procedures and targeted land clearance operations in industrial zones, Quang Ninh’s leadership is demonstrating a clear commitment to creating an enabling business environment that meets investor expectations.

Removing Investment Bottlenecks: Key Measures

To meet its 2026 FDI goal, Quang Ninh is implementing several critical reforms:

1. Streamlining Administrative Approvals

A primary bottleneck for investors has been the slow pace of administrative approvals and master plan adjustments. To address this, provincial authorities have been directed to expedite appraisal, approval, and investment preparation procedures for new projects—especially those requiring central or prime ministerial review.

This prioritisation is key for foreign companies seeking clear and predictable timelines for project implementation, particularly in sectors such as manufacturing, logistics, and renewable energy.

2. Site Clearance and Industrial Land Readiness

Industrial parks including Song Khoai Industrial Park are central to Quang Ninh’s investment strategy. Provincial leaders are accelerating site clearance processes and infrastructure development to ensure “clean and”—ready and available land free of legal or administrative obstructions—for investors.

Having developed industrial land available on short notice is a competitive advantage, especially when compared with provinces that have faced challenges expanding industrial zones due to land disputes or environmental constraints.

3. Targeting High-Quality Projects

Quang Ninh is focusing on large-scale, high-feasibility projects that can contribute deeply to local value chains. By refining its project attraction lists with the provincial Department of Finance and other agencies, authorities aim to prioritise investments that are capital-intensive, technologically advanced, and job-creating. This strategic prioritisation will help ensure FDI not only flows into the province but also generates long-term economic impact.

2025 as a Breakthrough Year

The province’s efforts to attract investment are already yielding results. In 2025, Quang Ninh recorded a notable breakthrough in investment attraction:

• Non-state domestic investment soared to approximately 503.447 trillion VND, over 16.7 times higher than in 2024.
• FDI inflows reached nearly $1 billion, underscoring growing investor confidence.

These achievements not only set a strong baseline for 2026’s targets but also signal the effectiveness of policy actions and administrative reforms implemented by provincial leadership.

In Economic Context

Quang Ninh’s strategic geographical location—with access to major seaports and proximity to China and ASEAN markets—reinforces its investment potential. The province has also been featured in broader discussions of FDI expansion and industrial development within Vietnam. For example, past reporting highlighted the potential for Quang Ninh to attract a cumulative $10 billion in FDI over a multi-year horizon by leveraging its industrial parks and economic zones

Furthermore, the province’s growing integration with national and regional development plans, such as logistics connectivity and industrial upgrading, aligns with Vietnam’s broader economic strategy to attract “next-generation” FDI that is technology-driven and environmentally sustainable.

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