Investment attraction helps boost province's economic growth
The investments have fuelled province'seconomy, contributing to its GDP growth that in the 2011 - 2015 period doubled the 2006 - 2011 period.
The economic structure saw higher contributions from the services sector with 42 percent and industry - construction with 44 percent, while the agro - fishery - forestry made up only 13 percent.
Total industry- construction production value has so far this year reached 30.7 trillion VND, 2.3 times higher than that in 2010; export turnover was estimated to hit 830 million USD, nine-fold rise from 2010; and service value rose 11.16 percent in the 2011 - 2015 period.
Seven industrial parks are running in the province, covering a total land area of 1,472 hectares.
Underway projects have made significant contributions to the local budget revenue and job generation, notably Kyoei Steel Vietnam, TamDiep cement plant, theVissai, Trang An glass manufacturing factory, and Hyundai ThanhCong Vietnam Auto JSC.
Enterprises and plants located in these industrial parks are estimated to earn revenues of over 13 trillion VND (577 million USD) and export value of 27 million USD in 2015. They are expected to generate about 2,000 new jobs a year.
Ninh Binh is focusing on calling for investments into hi-tech and clean industries and giving priority to the sectors that have high content of science and technology and high added value and are environmentally friendly.
The province is favouring the development of supporting industries and is working to turn tourism into a spearhead of its economy, Son added.
(Translated by Nguyen Thuy)
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