The Standing Board of the Ninh Binh provincial Party Committee on September 21 held a meeting to review the implementation of the 12th Party Central Committee's Resolution No. 10-NQ/TW, dated June 3, 2017, on developing the private sector into an important driving force for the socialist-oriented market economy.
Doan Minh Huan, member of the Party Central Committee and Secretary of the provincial Party Committee chaired the meeting.
The draft report showed that after six years of implementing the Resolution, Ninh Binh's private economic sector has seen positive, strong changes in terms of quality and quantity, contributing to the province's socio-economic development and improving local people's living conditions and social stability.
There are currently 6,216 operating businesses with total registered capital of over 186.48 trillion VND.
The provincial economy has maintained a high growth rate, reaching 8.9% annually in the in the period of 2016-2020 and achieved relatively high growth in the period of 2020-2022.
In the first half of 2023, Ninh Binh's GRDP growth rate reached 7.56%, ranking 6th in the Red River Delta and 12th out of the country's 63 provinces and centrally-run cities.
By the end of 2022, the province's GRDP reached nearly 3.5 billion USD, ranking 37th out of the country's 63 provinces and centrally-run cities. The annual per capita income was 58.7 million VND, ranking 7th out of 11 provinces in the Red River Delta
The province's budget collection recorded impressive results. In 2022, Ninh Binh started performing self-reliance in budget and contributed 9% to the central budget. Ninh Binh collected 24.3 trillion VND for the budget, the biggest-ever amount, ranking 15th out of the country's 63 provinces and centrally-run cities.
The province's economic structure has continued to shifting positively by reducing the ratio of agro-forestry-fishery while increasing the ratio of industry, construction and services.
In the period of 2017-2023, the province has granted certificates of investment to 200 projects with total registered investment of nearly 17 trillion VND, and permited 324 other projects to adjust their investment capital.
To date, there are 94 valid FDI projects in the province with total registered investment of nearly 1.63 billion USD.
These outcomes are attributed to the efforts, direction and management of the party committees and administrations at all levels, and the endeavours, determination and dynamism of the business community.
Speaking at the meeting, Secretary of the provincial Party Committee Doan Minh Huan said, in the coming time, Ninh Binh will continue to implement Resolution No.10-NQ/TW, defining the private economic sector as an important driving force of the economy and a motivation to realise the goals of turning Ninh Binh into a developed province in the Red River Delta by 2030, meeting basic criteria of a centrally-run city by 2038, and building itself into a national tourism hub and one of the three automobile industry centres.
Ninh Binh will continue to attract investment to spur its economic growth and expand the scale of the economy, he said.
The provincial authorities will accompany enterprises, enhance connections to promote investment and pay attention to removing difficulties and hindrances related to infrastructure, land site clearance, environmental conditions, Huan added.
Translated by Nguyen Thuy
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