Authorities of Quang Ninh province in northern Vietnam have approved two major investment projects worth nearly VND1.2 trillion ($45.3 million).

The Hai Yen Industrial Cluster will span 55.87 hectares with an investment capital of more than VND1.14 trillion ($43.3 million), focusing on industrial production and manufacturing.

The second project, a seafood purchasing, processing, and preservation plant, will cover 1.3 hectares with total investment capital of VND52 billion ($1.97 million). The facility is scheduled to begin operations in March 2027.

The two projects are expected to enhance infrastructure, boost seafood processing capacity, and create integrated production, processing, and consumption chains for local businesses.

Quang Ninh aims to develop 36 industrial clusters by 2030 and 45 by 2050.