Ninh Binh’s total social investment exceeds 78.56 trillion VND in first half of 2026

One of the key highlights of Ninh Binh over the past time is the improvement in its investment and business environment. Ninh Binh's Provincial Competitiveness Index (PCI) in 2025 excellently ranked among the top 18 provinces and cities nationwide.

The province has aggressively implemented solutions to simplify administrative procedures, circulating and processing documents entirely online to ensure transparency and shorten licensing time. Specifically, the time for approving investment policies has been reduced from 25 days to 17 days; and the time for issuing investment registration certificates has been reduced from 15 days to 10 days.

This improved environment has created momentum for the strong development of the private sector. In the first six months of 2026, the province recorded 2,886 newly established businesses, a 32.26% increase compared to the same period last year, with a total registered capital of over 22.11 trillion VND.

In addition, the market also received positive signals with 756 businesses announcing their resumption of operations. Currently, the total number of businesses operating in the province is approximately 26,450. Although 90% are micro, small, and medium-sized enterprises, this force is the core driving force behind the dynamism of the manufacturing, trade, service, and tourism sectors in the province.

Alongside developing the internal business ecosystem, the province is also systematically implementing the promotion and attraction of large-scale investment projects. Total social investment in the first six months of the year is estimated at 78.56 trillion VND (nearly 2.99 billion USD), an increase of 10.8% compared to the same period last year and reaching 43.65% of the annual plan.

To date, the province has issued initial investment registration certificates for 77 projects. These include 25 foreign direct investment (FDI) projects with a total capital of432.6 million USD and 52 domestic projects with a total registered capital of 8.04 trillionVND.

In addition, capital flows have also grown strongly as the province approved capital increases for 31 FDI projects and 22 domestic projects, with additional capital of 787.6million USD and 12.5 trillion VND respectively.

Non-state capital is currently focused on building infrastructure in industrial zones and clusters to create clean land for development. The focus is on accelerating land clearance for 12 large industrial parks (IPs) such as Trung Thanh, Dong Van V, Minh Chau, Chau Giang II, Hai Long, and Xuan Kien.

In addition, the Ninh Binh High-Tech Park, with a scale of up to 663.19 hectares, is also being shaped into a complete technology ecosystem, creating a magnet to attract large investors from the EU, the US, Japan, and the Republic of Korea.

Binh still face many challenges. Rising raw material prices are increasing logistics costs; the export market for automobiles, glass, and fertilisers is facing intense competition; and land clearance for some large projects remains slow due to resettlement procedures.

To maintain economic growth of 11% or more in the final months of 2026, the Ninh Binh Provincial People's Committee has decided to tighten discipline and improve the quality of support for businesses. Provincial leaders will continue to hold regular meetings with businesses under the motto "the administration accompanies, is open-minded, listens, and resolves issues in a substantive way."

The province will focus its efforts on thoroughly removing bottlenecks related to land and landfill material sources to support investors in accelerating construction progress.

At the same time, Ninh Binh will proactively develop plans and scenarios for managing socio-economic risks and implement work management applications based on KPIs.

The combination of reforming the public administration system and promoting digital transformation, green transition in the private sector is expected to be the core driving force for Ninh Binh's strong breakthrough in the final months of the year./.