The licence granting ceremony. — Photo thuonghieucongluan.com.vn

The northern coastal province of Quang Ninh held a ceremony to grant a licence for Jinko Solar Technology Ltd of Hong Kong to invest in a photovoltaic cell technology project worth US$500 million on Wednesday.

When complete, it will cover an area of 32.6ha in Song Khoai economic zone, Quang Yen town.

This is the first investment project in the economic zone in Quang Yen coastal town. It is in line with the goal of developing Quang Ninh into a modern industrial and service locality and one of the dynamic and comprehensive development centres in the northern region.

As scheduled, the project will officially become operational in late October this year. It is expected to earn nearly $1.3 billion in annual revenue and create more than 2,000 jobs.

Quang Ninh is focusing on developing green, clean and environmentally friendly industries, and increase the proportion of processing, manufacturing, high-tech and smart industries in the 2020-2025 period.

Jinko Solar is one of the largest and most advanced manufacturers of solar panels in the world, holding 12.6 per cent of the global market share. — VNS