Investment

The US website finance.yahoo.com placed Vietnam 6th among the fastest growing economies in Asia in 2024 in its article published on April 4.

Industrial production of enterprises in Ninh Binh province in the first quarter of 2024 has recovered and recorded slight growth compared to the same period last year, according to the provincial Statistics Office. However, some industries such as cement and automobile assembly have still seen much difficulties.

Prime Minister Pham Minh Chinh on April 1 chaired a teleconference with ministries, agencies and to review the progress of the 500kV circuit-3 power transmission line.

The United Nations Development Programme (UNDP) and its partner on April 2 announced the 15th Provincial Governance and Public Administration Performance Index (PAPI) 2023 report.

Prime Minister Pham Minh Chinh chaired a teleconference with ministries, agencies, localities and units on April 1 to review the progress of the 500kV circuit-3 power transmission line linking Quang Trach in the central province of Quang Binh and Pho Noi in the northern province of Hung Yen.

Vietnam's economy grew 5.66% in the first quarter compared to the same period last year, the highest for the first quarter since 2020, the General Statistics Office (GSO) announced at a press conference in Hanoi on March 29.

The Department of Agriculture and Rural Development of Ninh Binh province hosted a conference on March 28 to review the results of the implementation of the One Commune-One Product (OCOP) programme in 2023 and launch tasks for 2024.

The year 2024 is a pivotal year for Ninh Binh to implement its mid-term public investment capital plan for the 2021-2025 period. Therefore, right since the first months of 2024, local departments, sectors, and localities have focused on disbursing public investment capital with the goal of fulfilling over 95% of the assigned plan.

Thanks to its efforts to improve the local investment climate, flexibly apply incentive policies and take breakthrough solutions, Ninh Binh has reaped positive outcomes in investment attraction, thereby creating a momentum for the province's socio-economic development in the coming time.

Deputy Prime Minister Tran Luu Quang gave a reception in Hanoi on March 19 for President of the Korea International Cooperation Agency (KOICA) Chang Won-sam, during which the guest said official development assistance (ODA) from the Republic of Korea (RoK) for Vietnam will increase to more than 52 million USD, nearly doubling the figure of 2023.

Prime Minister Pham Minh Chinh on March 19 chaired a meeting with FDI enterprises and the annual Vietnam Business Forum (VBF) in Hanoi.

After five years of implementation, the One Commune One Product (OCOP) programme has brought practical economic benefits and sustainable income to people in rural areas, establishing itself as an important resource in the building of new-style rural areas.

VOV.VN - Vietnam's gross domestic product (GDP) size last year was estimated to stand at about US$433.3 billion, ranking fifth in Southeast Asia, according to the latest figures released by the International Monetary Fund (IMF).

Though there were still difficulties in the first months of 2024, positive signs of new orders and consumption have appeared. Local firms in Ninh Binh have strived to overcome difficulties, renew governance methods and improve their products' quality in an attempt to stabilise production and create more job for labourers.

The 500kV circuit 3 power transmission line project from Quang Trach district of Quang Binh province to Pho Noi in Hung Yen province consists of four sub-projects. Of which, the 500kV line from Nam Dinh 1 thermal power plant to Thanh Hoa running though the coastal district of Kim Son of Ninh Binh province comprises 21 pole sites.

The Prime Minister has just signed Decision No.222/QD- TTg, promulgating the Land Law Implementation Plan No.31/2024/QH15, aiming to organise the implementation of the Land Law in a timely, synchronous, unified and effective manner.

The Government's policies on promoting cashless payments have promoted online transactions and shopping in Ninh Binh, thus bringing practical benefits to local people and boosting the digital economy.

According to the master planning scheme of Ninh Binh in the 2021-2030 period with a vision until 2050, which was signed for approval by Deputy Prime Minister Tran Hong Ha on March 4, the province sets a target of turning itself into a leading automobile industry hub in the country; a millennium heritage urban area, a creative city and one of the 10 provinces and centrally-run cities having the highest per capita income.

Vietnam has attracted more than 4.29 billion USD in foreign direct investment (FDI) in the first two months of 2024, a year-on-year increase of 38.6%, according to the Ministry of Industry and Trade (MoIT)'s Foreign Trade Agency.