Ninh Binh - New destination of hi-quality FDI capital flows

Efficiency of investment promotion

During a recent working session with the Ninh Binh provincial People’s Committee, a representative of Cuc Phuong Travel Service JSC suggested to invest in four projects, including Cuc Phuong Forest Japan  luxury resort and healthcare for the elderly complex in Dong Tam hamlet of Cuc Phuong commune, Nho Quan district.

The project will cover a total area of 20 hectares with investment capital of over 2 trillion VND. It is expected to serve 2,610 people per day.

The project will be built as a model of resort and caring for old people under Japanese standards. This is a new trend in Vietnam but sees great potential in the context of population ageing.

Dinh Thi Van, Secretary of the Cuc Phuong Commune Party Committee, hoped that if the project starts construction soon, it will create more jobs for local people and foster economic development in the mountainous commune of Cuc Phuong.

Le Quoc Thinh, investor of Vedana Resort Site, said the company signed a cooperative agreement with Japan’s OCS JSC at the tourism promotion conference in Tokyo in 2024.

The project aims to develop Vedana into an international healthcare centre  providing services for Vietnam and Japanese old people by making the most of natural climate, hot springs and primitive forest ecosystem here.

Apart from tourism and services, Taiwanese investors are also seeking new investment opportunities in the field of hi-tech industry.

Recently, BEI KE YUAN Technology Co. Ltd. and Thien Phu Co. Ltd. organised a ground-breaking ceremony for BEI KE YUAN factory at Van Phong Industrial Cluster in Nho Quan district. The project has total investment capital of nearly 1.4 trillion VND and covers a total area of 15.6 hectares.

Liao Han Ming, Chairman of the BEI KE YUAN Technology Co. Ltd., said it chose Ninh Binh since it owns favourable geological conditions, a friendly administration and transparent administrative reform. In particular, the presence of automobile plants would help develop supply chain.

The project is scheduled to be completed and put into operation in the first quarter of 2027, create hundreds of jobs for local labourers and make great contributions to the province’s budget.

Creating open investment climate

In the first four months of 2025, the province granted investment licences to 14 new projects and permissions to adjust investment to 48 projects with total registered investment capital of nearly 8 trillion VND.

To present, the province has attracted 103 FDI projects, with total registered investment capital of 1.8 billion USD in the fields of electronic components, automobile supporting industry, textile and garment, and footwear.

Under the viewpoint of harmonising interests, sharing risks and providing optimum conditions for investors to make investment, the province has been focusing on attracting projects in high added value industries, clean technology and use less labourers.

To do this, the province continues to complete planning, creating cleared land plotss in new industrial parks such as Phu Long Industrial Park (485 ha) and Tam Diep II Industrial Park (386 ha).

Bui Duy Quang, Head of the Provincial Industrial Parks Management Board, said in recent times, the provincial Industrial Parks Management Board has actively reformed administrative procedures, shortened the time for processing documents, increased the application of digital technology in handling investment procedures, helping businesses save time and costs.

At the same time, it always maintains the "one-stop-shop" mechanism in supporting investors, regularly dialogue, grasp difficulties to promptly resolve them.

Ninh Binh is also a leading locality in implementing "digital government, digital economy, digital society", strongly reforming administrative procedures, quickly clearing land, building a transparent and open investment environment.

This has been demonstrated by the simultaneous improvement of many important evaluation indicators, such as the Provincial Competitiveness Index (PCI) of Ninh Binh reaching 69.00 points, ranking 17th out of 63 provinces and cities; Ninh Binh rose to 6th place nationwide in the PAR INDEX ranking with 91.38%; the People's Satisfaction Index (SIPAS) also increased sharply, reaching 85.34%, ranking 14th out of 63 and up 14 places compared to 2023.

The above indicators reflect the continuous efforts of the Ninh Binh provincial government in improving the investment environment, enhancing the quality of service to people and businesses. The increase in the PCI, PAR INDEX and DDCI indicators along with the investment attraction results are clear evidence of the dynamism and efficiency in the province's management.