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.
Ninh Binh province has seen positive outlooks in investment attraction thanks to its efforts to improve the local business and investment climate and provincial competitiveness index (PCI) in a bid to attract strategic projects.
More than 3.33 trillion VND (135.5 million USD) of public investment was disbursed in Ninh Binh province in the first nine months of this year, equivalent to 51.7% of the yearly target assigned by the Prime Minister, according to the provincial People's Committee.
With over 1,800 relics, including one world cultural and natural heritage site, 78 national relics, and 3 special national relics, Ninh Binh province boasts thousands of years of historical tradition. The province's spiritual attractions are also a valuable resource in developing local tourism.
The total disbursement of public investment reached 267.6 trillion VND (11.2 billion USD) as of the end of July, fulfilling only 35.49% of the plan set for 2023, but higher than the 34.47% recorded in the same period last year, according to the Ministry of Finance.
Building synchronic infrastructure, improving the quality of workforce, and creating a favourable investment climate are important factors that help Ninh Binh's economy gains important outcomes in the past years.
More than 3.22 trillion VND (136.65 million USD) of public investment capital from foreign sources was disbursed in the first six months of this year, completing 27.2% of the target set for the whole year, according to Truong Hung Long, Director of the Department of Debt Management and External Finance under the Ministry of Finance (MoF).
A series of construction enterprises will benefit from the Government implementing multiple strategic public investment infrastructure projects.
The Canada-based magazine The Travel has revealed its top 10 list of the nation's best tourist attractions that visitors should not miss.
A delegation of the Ministry of Planning and Investment led by its Minister Nguyen Chi Dung on March 30 inspected preparation for Ninh Binh - Hai Phong expressway project and progress of medium-term public investment projects in the period of 2021-2025 in Ninh Binh province.
Though Ninh Binh boasts numerous potential and advantages, the province has still found it hard to attract foreign direct investment (FDI) in agriculture-forestry-fishery. Therefore, Ninh Binh needs to pay due attention and issue particular policies in a bid to draw FDI into the sector, thereby contributing to its rapid and modern development.
Prime Minister Pham Minh Chinh on March 12 chaired a meeting with ministries, sectors and localities, discussing plans to invest in an expressway connecting the northern provinces of Ninh Binh, Nam Dinh and Thai Binh, and another linking Gia Nghia city in the Central Highlands province of Dak Nong and Chon Thanh township in southern Binh Phuoc province.
The provincial People's Committee of Ninh Binh has decided to establish a working group in a bid to accelerate the implementation and disbursement of public investment in 2023.
The Government views public investment as both a resource and a driving force behind national development, says Prime Minister Pham Minh Chinh.
A delegation of the Vietnam General Council of Agricultural and Rural Development and businesses from the Republic of Korea (RoK) on February 14 paid a working visit to Ninh Binh province to seek investment opportunities in agriculture.
Vietnam has been accelerating the disbursement of public investment since the beginning of this year after missing its target in 2022.
Tourist attractions across the country have lured large numbers of visitors during Tet (Lunar New Year).
Having defined the attraction of investment projects as momentum for the province's economic growth in the current period, Ninh Binh has actively built and carried out numerous solutions to draw investors.
Vietnam has set a target to double the amount of foreign investment in agriculture to 34 billion USD by the end of 2030. However, there were a number of shortcomings and limitations the country must urgently address to realise the goal, according to policymakers and industry experts.
Vietnam Electricity (EVN) and the European Investment Bank (EIB) have signed a memorandum of understanding to create a prerequisite for the EIB to help with the Vietnamese group's sustainable development and energy transition.
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