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.
Ninh Binh province has planned 25 industrial clusters on a total area of 946.3 hectares by 2025, according to Decision No.1496/QD-UBND of the provincial People's Committee dated December 31, 2015.
In an attempt to turn itself into a developed province in the Red River Delta and a leading tourism center of the whole country and Southeast Asia, Ninh Binh has been striving to improve its business and investment environment.
In the past few years, the formation and development of industrial zones in Ninh Binh province has reaped sound achievements, contributing to its socio-economic development. Industrial zones (IZs) has drawn a large amount of investment from economic sectors, especially foreign direct investment (FDI), thus helping to increase the province's technological ability, competitiveness, and export turnover, and expand international cooperation.
With the addition of a foreign capital portfolio in the form of capital contribution and share purchase in the national statistics system, the picture of foreign investment attraction in Vietnam is gradually becoming clearer.
The Republic of Korea has become Viet Nam's largest foreign investor, with 702 new projects and 260 adjusted ones, accounting for 29.6% of total foreign direct investment (FDI).
Vietnam's investment in Laos has grown rapidly in recent years.
Prime Minister Nguyen Xuan Phuc has assured Chinese investors that the Vietnamese Government will provide the best possible conditions for them to do business in the Southeast Asian country.
It is one of the three largest foreign industrial park developers in Vietnam.
Ninh Binh is committed to creating favorable conditions for Lao investors who wish to enter the local market, said Vice Chairman of the provincial People's Committee Tong Quang Thin.
Chairman of the Ninh Binh People's Committee Dinh Van Dien had a working session on March 9 with a Taiwanese business delegation led by Chang Minh Yong, counsellor of the Taiwanese Department of Investment Services in Vietnam.
In the 2015-2020 period, Ninh Binh province proposed 15 primary socioeconomic development objectives and set three breakthrough directions, seven central programmes, with a focus on improving human resources quality, applying advanced science, technology, and reforming management policies and mechanisms.
Chairman of the Ninh Binh provincial People's Committee Dinh Van Dien affirmed that the locality will do everything possible for global investors during his working session with the Spanish BPA group's delegation in Ninh Binh city on July 6.
Chairman of the Ninh Binh provincial People's Committee Dinh Van Dien had a working session on May 20 with a Republic of Korea (RoK) business delegation who came to explore investment opportunities in industrial park infrastructure construction.
Despite a decrease in FDI inflow in the past seven months, other related indices including disbursement, industrial production and exports from the FDI sector indicate stability in the investment environment for foreign investors, Nhan Dan (People) online newspaper reported.
Writing on the blog of the World Economic Forum on May 23, Prime Minister Nguyen Tan Dung stressed the role of foreign direct investment in Vietnam's economy, reaffirming that FDI enterprises' success is taken as Vietnam's own. Following is the full text of his article.
Vietnam attracted nearly US$22 billion in foreign investment in 2013, the highest figure since 2008, according to statistics from the Ministry of Planning and Investment (MPI)'s Foreign Investment Agency.
The National Financial Supervisory Commission (NFSC) judged that confidence of the market and foreign investors in Vietnam's economy is being strongly recovered, after successful efforts in maintaining macro-economic stability.
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