Investment

Vietnam will closely manage natural forests, and gradually deal with forest and land degradation by 2025 as set in the freshly-approved national plan on the implementation of the Glasgow Leaders' Declaration on Forests and Land Use.

Ninh Binh province is currently home to 14 industrial clusters, of them 10 was assigned to private enterprises for building infrastructure. To date, these industrial clusters have attracted 107 secondary projects and 256 production and business firms who created jobs for over 30,800 labourers with average income ranging from 7-8 million VND per person per month.

Là người làm nghề viết, tôi có may mắn tham dự nhiều triển lãm, tuy nhiên ít có triển lãm nào để lại ấn tượng sâu đậm như khi đến với triển lãm của Đào Xuân Ngọc.

Chairman of the Ninh Binh Provincial People's Committee Pham Quang Ngoc on August 18 had a working session with leaders of Wärtsilä Corporation (Finland), discussing its proposal on building a 300-MW internal combustion engine (ICE)-based power plant in the province.

Chairman of the Ninh Binh provincial People's Committee Pham Quang Ngoc on August 15 worked with the Department of Transport and leaders of Yen Khanh district, focusing on the implementation of road DT.482 construction project.

With its right investment attraction approaches and willingness to share and side with businesses, Ninh Binh province has invited many strategic investors to do business in the province to create breakthroughs in economic growth and budget revenue increase. In the coming time, the province will focus on selectively drawing investors and giving priority to projects that are land-effective, energy-effective, technologically advanced, environmentally friendly and highly valued, as well as projects that have strong ripple effects and connect global production and supply chains.

The Resolution of the 22nd Congress of the Party Organisation of Ninh Binh province for the 2020-2025 tenure has defined three breakthroughs, one of which is to mobilise all resources for the development of socio-economic infrastructure, especially modern and synchronic transport infrastructure for inner-regional and inter-regional connectivity.

The total disbursement of public investment reached 267.6 trillion VND (11.2 billion USD) as of the end of July, fulfilling only 35.49% of the plan set for 2023, but higher than the 34.47% recorded in the same period last year, according to the Ministry of Finance.

State budget collection in the first seven months of this year stood at 211.23 trillion VND (8.89 billon USD), equivalent to 49.7% of the estimate, down 19.6% year-on-year, the General Department of Vietnam Customs reported on August 3.

The Ninh Binh provincial People's Committee has sent a document to related departments asking them to prepare for the building of a section of Ninh Binh - Hai Phong expressway.

Deputy Prime Minister Tran Hong Ha has signed a decision approving the master plan on exploration, exploitation, processing, and use of mineral resources for the 2021 - 2030 period, with a vision to 2050.

Prime Minister Pham Minh Chinh inspected the construction progress of the East-West road project in the northern province of Ninh Binh on July 27.

The northern province of Ninh Binh posted an economic growth rate of 7.56% growth in the first half of 2023, ranking 6th out of 11 provinces and cities in the Red River Delta and 12th out of the country's 63 provinces and centrally-run cities. However, amid the context of low market demand, lack of foreign orders, and complex political situation, achieving the economic growth target of 7.5% in 2023 is a great challenge for Ninh Binh, requiring numerous solutions to spur economic growth.

Ninh Binh province's industrial production continued to maintain its growth, with the index of industrial production (IPP) rising by 5.8% in the first six months of 2023.

The northern province of Ninh Binh is planning to zone off four new industrial zones with a total area of 1,380 hectares, raising the total number of industrial zones to 11, covering an area of 2,790 hectares.

In the National Development Plan for the 2021-2030 period, with a vision to 2045, the Party and State place high expectations on the fundamental role of science, technology and innovation, considering this a "Breakthrough Strategy" and the "main motivation" to create breakthroughs in productivity, quality, efficiency and economy's competitiveness.

Under the National Master Plan for 2021-2030 with a vision to 2050, Vietnam strives to reach a GDP growth rate of approximately 7 percent per year during the 2021-30 period. By 2030, GDP per capita at current prices is expected to be around 7,500 USD.

The Ministry of Transport is planning to begin work on five major transport projects in the remaining months of 2023.

A project, financed by the Republic of Korea (RoK) Government's non-refundable aid, was launched on July 8 to establish a smart farm and increase pig breeding value chain in Ninh Binh province.