Ninh Binh strives to fulfill industrial development targets

The Resolution of the 21st Congress of the Provincial Party Organization set out that Ninh Binh's economic structure would increase the ratio of the industry and service sectors in the 2015 - 2020 period. The province's industrial production growth is expected to reach 16 percent a year. To achieve the above target, the province has implemented numerous measures to boost the industry sector's growth, and it also has reaped positive results in the past years.

Ninh Binh strives to fulfill industrial development targets

Production line in Dai Phat company.

Hoang Trung Kien, Director of the provincial Department of Industry and Trade, said after nearly five years of implementing the Resolution of the 21st Congress of the Provincial Party Organization, the industry and trade sector has actively put forth and carried out a number of solutions to remove difficulties faced by enterprises, thus helping to stabilize and step up industrial production in the province.

Over the past five years, the province's industrial production achieved an average growth rate of 22.58 percent a year.

Ninh Binh authorities have issued dozens of policies to draw investors, including a resolution on accelerating administrative procedure reform, a resolution on developing the automobile assembly and manufacturing industry and electronic industry into a key economic sector of the province, and a resolution on the development of supporting industries in Ninh Binh province.

The province has also focused on calling investment into infrastructure development in industrial zones and industrial clusters in a bid to lure more investors.

These efforts had paid off as the province's industry sector has maintained its high growth rate. In 2016, the province's industrial production value reached almost 34 trillion VND (1.47 billion USD). The figure rose to 63.24 trillion VND in 2019 and is estimated to hit 78.4 trillion VND this year.

There are currently seven industrial zones (IZs) in the province with a total area of 1,472 hectares, of which five IZs have put into operation (Khanh Phu, Khanh Cu,Phuc Son, Gian Khau and Tam Diep I), covering a total area of 786 hectares.

The province is now home to 113 valid investment projects with a total registered capital of over 61.2 trillion VND, including 30 foreign-invested projects with a total registered capital of 11.44 trillion VND.

In the 2015 - 2020 period, Ninh Binh has focused on completing the building of infrastructure in IZs and attracting investors.

It established nine more industrial clusters covering a total area of over 371 hectares, and attracted an additional 22 projects with total registered investment of 5.7 trillion VND.

To successfully fulfill the industrial development targets set in the Resolution of the 21st Congress of the Provincial Party Organization, the province will continue its goal of developing the industry sector effectively and sustainably.

Ninh Binh will continue to complete incentives and policies in a bid to lure more investors and remove difficulties faced by enterprises.

The province will encourage hi-tech and clean projects as well as supporting industry projects to serve the automobile and electronic industries.

It will implement effectively programmes on developing industry and handicraft sectors and step up industrial promotion and investment attraction.

Translated by Nguyen Thuy