Vice Chairman of the provincial People’s Committee Nguyen Cao Son and a working delegation on July 29 afternoon inspected the progress of site clearance for the North South high-speed railway project running through Ninh Binh province.
Once completed, Ninh Binh-Hai Phong expressway's section running through Ninh Binh province will form a key economic development corridor in the northern part of Ninh Binh province.
In an effort to improve living conditions of people in rural areas and expand markets for local farm produce, the northern province of Ninh Binh has focused on developing key local products in association with the OCOP programme, thereby building brands for local farm produce and increasing their values.
Many economic sectors in Ninh Binh province maintained stable growth in July such as industrial production and tourism.
Ben Moi bridge connecting Ninh Binh and Nam Dinh provinces is expected to be completed and put into operation in October 2024 after years of construction and falling behind schedule.
Despite numerous difficulties and challenges from complicated and unpredictable global developments over the first seven months of this year, Vietnam's economy continued to record positive outcomes thanks to the effective implementation of the Government's resolutions to promote growth.
To facilitate the supporting industry's growth and implementing the provincial Master Plan in the 2021-2030 period, with a vision to 2050, the northern province of Ninh Binh has paid heed to developing industrial parks and clusters, building and implementing programmes on technical infrastructure investment in the supporting industry to promote internal strengths and ensure sustainable development.
Foreign investors registered to put in more than 18 billion USD in Vietnam as of July 20, a rise of 10.9% over the same period last year, according to the latest updates of the Foreign Investment Agency.
The removal of legal bottlenecks has helped spur the recovery of the real estate market in Ninh Binh province after a long time of freezing.
In the first six months of 2024, state budget collection in Ninh Binh province saw positive signs with 12 out of 15 receipts and taxes achieving high growth compared to the same period of the previous year.
The Vietnamese Government has outlined a comprehensive action plan to continue fasttracking the country's industrialisation and modernisation by 2030, with a long-term vision extending to 2045.
The northern province of Ninh Binh has exerted efforts to achieve a Gross Regional Domestic Product (GRDP) growth rate of 8% in 2024.
Prime Minister Pham Minh Chinh has asked for breakthrough solutions to fulfil the target of 95% in the disbursement rate of public investment capital in 2024.
The northern province of Ninh Binh has built and developed OCOP products through incorporating cultural values in each product, thereby adding more resources for rural economic growth.
The Government Office on July 9 issued an official dispatch on Prime Minister Pham Minh Chinh's directions requiring the acceleration of public investment disbursement for 2024.
There are factors that strongly drive the growth of Vietnam's foreign direct investment (FDI) attraction in the second half of this year and there will be interesting surprises waiting ahead, said Chairman of the Vietnam's Association of Foreign Invested Enterprises (VAFIE) Prof. Dr. Nguyen Mai.
Thanks to the improved quality of tourism services, new tourism products and tour routes, Ninh Binh province's tourism has met the increasing demand of visitors. Therefore, more and more travellers have visited local destinations, making great contributions to revenues of the accommodation, restaurant and travel sectors.
The Ministry of Transport has approved plans to expand the Cao Bo-Mai Son Expressway to six lanes, with construction scheduled to commence in November this year.
Vietnam's economy grew by 6.42% in the first six months of 2024, slightly lower than the figure of 6.58% in the same time of 2022 within the 2020-2024 period, the General Statistics Office (GSO) announced at a press conference in Hanoi on June 29.
The tourism plan for 2021-2030, with a vision towards 2045, was approved by the Prime Minister under Decision No. 509/QD-TTg dated June 13, 2024. The ultimate objective is for tourism to solidify its position as a key economic driver by 2045, elevating Vietnam to a prominent global destination and one of the leading tourism-developed countries in the Asia-Pacific region.
Having defined public capital investment disbursement as an important solution to recover the economy, since the beginning of the year, the Ninh Binh provincial People's Committee has issued numerous directives to speed up the disbursement of public capital investment. However, the outcomes have lagged behind expectations. Therefore, the province needs to make concerted efforts to disburse at least 90% of the allocated capital.
