Ninh Binh ranks among top localities with highest FTA Index 2024
This is a driving force for Ninh Binh province to promote internal strength, innovation, and creativity in stepping up investment attraction and boosting socio-economic development.
According to the overall results of the FTA Index, Ninh Binh ranked 9th out of 63 provinces and cities with an overall score of 31.74 points.
In recent times, Ninh Binh has proactively grasped the advantages and strengths of the locality in implementing FTAs to attract investment, considering this a task of the entire political system, administrations all levels, sectors, and localities.
Ninh Binh currently has over 6,500 operating enterprises. With many synchronous solutions, from investment in transport infrastructure, infrastructure of industrial parks and clusters, and open administrative procedures, abundant human resources, in recent years, Ninh Binh has become a reliable destination to attract domestic and foreign investment capital.
In 2024 alone, Ninh Binh granted licences to and adjusted nearly 120 projects, with a total newly registered and increased investment capital of more than 7 trillion VND. Of which, first registration certificates were granted to 25 projects and adjusted registration certificates were granted to 93 projects.
The province has promoted and attracted strategic investors and prioritised projects with modern, environmentally friendly technology, prioritising the production of electricity, electronics, spare parts and auxiliary equipment for the automobile industry.
Promoting the achieved results, Ninh Binh province has continued to closely follow the direction of the Government and ministries to boost exports, promote growth drivers in consumption and investment, especially in new areas such as science and technology, innovation, green transition, digital transformation, knowledge economy, circular economy. In conjunction with focusing on developing emerging economic sectors, bringing high resource value to proactively international attraction to attract investment and promote local socio-economic development./
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