Investment

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.

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.

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.

The provincial OCOP council of Ninh Binh province convened a meeting on December 15 to evaluate and classify OCOP products in the second round of 2022.

Prime Minister Pham Minh Chinh chaired the plenary session of the fifth Vietnam Economic Forum in Hanoi on December 17.

For the first time in history Vietnam's 2022 import-export value has surpassed the US$700 billion mark, up 15% year on year.

Since activities of trading and transporting of goods has become bustling in the year-end months, the Sub-department of Market Surveillance of Ninh Binh has enhanced the management work and carried out numerous solutions to protect consumers' rights and business and production activities in the province.

Vietnam has set a target to double the amount of foreign investment in agriculture to 34 billion USD by the end of 2030. However, there were a number of shortcomings and limitations the country must urgently address to realise the goal, according to policymakers and industry experts.

Agro-forestry-fishery exports stood at over 49 billion USD in the first 11 months of 2022, higher than last year's record of 48.6 billion USD, the Ministry of Agriculture and Rural Development said.

A national forum on the development of digital technology enterprises (Make in Vietnam Forum 2022), one of the biggest annual events of Vietnam's digital technology industry, was held in Hanoi on December 8.

After five years of implementing Resolution No. 07-NQ/BCSD dated February 13, 2017 of the Party Civil Affairs Board of the provincial People's Committee on developing the automotive assembly and manufacturing, and electronics industries into key economic sectors, thereby increasing revenues for the provincial budget, many potential enterprises have invested in Ninh Binh. This is clear evidence of the right policy and orientations, thus turning Ninh Binh into a self-budget-balancing province.

The Vietnam Economic Times - VnEconomy magazine hosted a ceremony in Hanoi, on December 7 to honour the top 100 excellent products and services, which were trusted and used by consumers in 2022.

Ninh Binh's total development investment was estimated to reach 2.44 trillion VND (101.35 million USD), posting a month-on-month increase of 8.8%.

In the context of the country's intensive and extensive international economic integration and increasing exports, Ninh Binh's departments and sectors have actively assisted local enterprises in improving their capacity in responding trade safe guard measures.

The second edition of the annual National Culture and Business Forum 2002 opened in Hanoi on December 3.

The disbursement of foreign direct investment (FDI) in Vietnam went up 15.1% between January and November to some 19.68 billion USD, the highest 11-month figure over the past five years, according to the General Statistics Office (GSO).