Ninh Binh province is accelerating the building, approval and implementation of planning projects, and creating cleared land areas in a bid to attract more investment in industry.
In the recent years, the industry and trade sector of Ninh Binh has made efforts to overcome difficulties and challenges in order to successfully fulfill its assigned tasks, thereby contributing to the cause of national industrialisation, modernisation and international integration.
The tourism sector plans to welcome 110 million tourist arrivals this year, including 8 million foreigners, for 650 trillion VND (27.39 billion USD).
Developing the country's mechanical industry sector is a top priority for Vietnam in the coming decades, said industry insiders and experts.
A national forum on the development of digital technology enterprises (Make in Vietnam Forum 2022), one of the biggest annual events of Vietnam's digital technology industry, was held in Hanoi on December 8.
Ninh Binh province boasts numerous advantages to develop industries such as automobile assembly and manufacturing, electronic components, textile and garment. However, these sectors heavily rely on imported materials, resulting in higher costs and independence in production. Based on its advantages in terms of geographical location and foreign direct investment (FDI) attraction policies, Ninh Binh will focus on attracting investment in supporting industries in the time to come.
An online conference took place on July 15 to review the culture, sports, and tourism sector's activities in the first six months of 2022 and deploy tasks for the last six months of the year, chaired by Minister of Culture, Sports and Tourism Nguyen Van Hung.
Deputy Prime Minister Le Van Thanh has signed a Decision approving Viet Nam's chemical industry development strategy till 2030, with a vision to 2040.
Deputy Prime Minister Le Van Thanh has signed a Decision approving Viet Nam's chemical industry development strategy till 2030, with a vision to 2040.
Minister of Industry and Trade Nguyen Hong Dien and Minister of Natural Resources and Environment Tran Hong Ha are fielding questions about issues within their remit on March 16, part of the 9th sitting of the National Assembly (NA) Standing Committee.
Having defined industry as a spearhead econmic sector, Ninh Binh has paid due attention to developingsome industries that have made big contributions to exports like electronics, footwear, garment, and automobile assembly. However, in the recent past, these industries are suffering great impacts from the COVID-19 pandemic, which cause disruption of global supply chains. Therefore, Ninh Binh is consistent with its goal of drawing FDI into supporting industries in a bid to raise industrial production value and contribute to the province's growth.
Stable supporting industries and restructuring of chains for industrial production are crucial to improving the country's manufacturing sector, according to Vietnam Chamber of Commerce and Industry (VCCI).
The Ministry of Industry and Trade has announced 10 outstanding events that make their mark on the sector's success in 2020, of which, many initiatives by the industry and trade sector within Vietnam's ASEAN Chairmanship 2020 were effectively deployed.
In the recent year, the Ninh Binh Department of Industry and Trade has proposed a series of measures to develop support industries by offering incentives to attract FDI businesses. It is stated that FDI businesses are an important driving force to promote domestic support industries.
There are few opportunities for businesses to develop support industries in Vietnam amid the global economic crisis caused by COVID-19, according to economists.
The Government has issued Resolution 115/NQ-CP figuring out goals and measures to boost the development of supporting industry through 2030.
Local firms must prepare strategic digital transformation blueprints in line with technological changes emerging from Industry 4.0 in order to keep up with market trends, insiders have noted.
Defining the support industry and the automobile assembly and manufacturing as spearhead sectors of the local economy, the northern province of Ninh Binh has in the past few years adopted incentives and policies to develop these fields.
Ninh Binh's rapidy growing industrial production in recent years has led to the great demand for raw materials, components, equipment and accessories serving production. However, enterprises operating in support industries have so far accounted for a small proportion of the locality's total industrial production value. Recognising the important role of the support industries, the Government, ministries, and Ninh Binh province have issued numerous documents to boost the development of the support industries.
Prime Minister Nguyen Xuan Phuc attended the opening ceremony for the Industry 4.0 Summit and Expo 2018 in Hanoi on July 13.
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