The Ministry of Agriculture and Rural Development (MARD) is striving to increase the proportion of science, technology and innovation's contributions to the sector's growth by over 50% by 2030 through research, transfer and application activities.
Vietnam has been accelerating the disbursement of public investment since the beginning of this year after missing its target in 2022.
A road connecting National Highway 12B and National Highway 21B from Tu bridge to Co bridge in Yen Mo district, Ninh Binh province, was inaugurated on January 30.
E-commerce start-ups are becoming more and more popular and are considered relatively safe in the fields of innovative start-ups in Vietnam today.
Reducing the VAT (value added tax) by 2% has been the most practical solution to stimulate consumption and production.
Developing the country's mechanical industry sector is a top priority for Vietnam in the coming decades, said industry insiders and experts.
Vietnam is striving to become a developed nation with high income, full and harmonious socialist-oriented market economy institutions, and a fair, democratic and civilised society by 2050, according to the National Master Plan for the 2021-2030 period with a vision to 2050.
Inspite of numerous difficulties and challenges in 2022, Ninh Binh province's industrial production maintained its high growth, reaching over 99.5 trillion VND (4.24 billion USD), a year-on-year rise of 7.2%.
While consumption has shown signs of slowing down, attracting foreign investment with strong growth in realised capital but not yet recovering in newly registered capital, public investment will still be the main driver of economic growth in 2023.
In spite of difficulties due to negative impacts of the COVID-19 pandemic and the Russia-Ukraine conflict, Ninh Binh province's exports have enjoyed high growth in 2022.
Agro-forestry-fishery exports set a new record of over 53.22 billion USD in 2022, according to the Ministry of Agriculture and Rural Development.
Many localities are working hard to build smart rural areas, as part of a national target programme on building new-style rural areas.
New opportunities and challenges in socio-economic development require Ninh Binh to continue improving transport infrastructure, thus, right at the beginning of the 2020-2025 tenure, it has actively implemented a series of key projects in a bid to complete transport infrastructure for inter-regional connectivity, opening up new opportunities to further develop and attracting investment in the short and long terms.
Having defined the attraction of investment projects as momentum for the province's economic growth in the current period, Ninh Binh has actively built and carried out numerous solutions to draw investors.
Vietnam recorded year-on-year growth of 3.15% in the 2022 consumer price index (CPI) while core inflation increased 2.59%, the General Statistics Office (GSO) said on December 29.
Ninh Binh province's gross regional domestic product (GRDP) was estimated to reach 49.63 trillion VND (2.1 billion USD) in 2022, up 8.62% from the previous year.
Though facing a range of difficulties due to fluctuations in food prices, complicated weather developments, and disruption in consumption markets, Ninh Binh province's fishery sector has continued to maintain its high growth in 2022 thanks to the application of drastic and suitable measures.
In the past years, Ninh Binh has stepped up planning and investment in infrastructure construction in a bid to attract secondary investors into industrial clusters.
Truong Sinh Trade and Service Development JSC on December 21 held a ceremony to inaugurate a general wholesale market in Ninh Tien commune of Ninh Binh city.
State budget revenue reached over 1.69 quadrillion VND (71.4 billion USD) as of December 15, exceeding the estimate by 19.8%, the Ministry of Finance announced at a conference in Hanoi on December 19.
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