Vice Chairman of provincial People’s Committee works with Japanese investor

Speaking at the working session, Tung briefed participants on the province’s geological location, history, culture, potential and strengths as well as its socio-economic situation.

In 2024, Ninh Binh’s GRDP expanded by 8.56%, ranking 5th out of 11 localities in the Red River Delta and 17th out of 63 provinces and centrally-run cities nationwide. The province’s economic development orientation focuses on green growth and protecting the earth and the environment.

Ninh Binh is named among the three leading automobile manufacturing and assembly hubs of the country while the tourism and service sectors have developed strongly.

The province continued to affirmed itself as one of the top destinations for both domestic and foreign travellers. In 2024, the province served over 8.7 million holidaymakers, including 1.5 million international tourists. The Cuc Phuong National Park has been named as a leading park in Asia for six consecutive years.

The province is striving to become a centrally-run city with characteristics of millennium heritage and creative city by 2035.

At the working session, representatives of the OCS Joint Stock Comany and the Cuc Phuong Tourist Service JSC discussed contents of cooperation between the two sides.

Tung affirmed that Ninh Binh authorities are ready to assist investors in legal and administrative procedures.

The province also provides favourable policies and investment incentives for foreign investors in the fields of environmental treatment, education, health care, tourism and film industry, he said.

The OCS Joint Stock Comapny will be the first business to lead investment flows into Ninh Binh in 2025 and following years, Tung said.