Ninh Binh promotes investment in new context

In the first five months of 2021, 340 enterprises were established in Ninh Binh province. The figure shows a decline in the number of newly established enterprises from the same period last year, but the volume of registered capital saw a 30-fold rise to 21.14 trillion VND.

The above results proved that Ninh Binh has paid heed to investment promotion. Local administration at all levels and sectors have focused on improving the investment climate and increasing the provincial competitiveness edge.

 Investment promotion activities have been carried out under the Prime Minister's Decision No 03/QĐ-TTg dated January 14, 2014 on promulgating regulations on state management of investment promotion activities; paying attention to promoting the province's potentials, strengths in terms of geography, natural resources, incentives and policies reserved for investors who keen on developing industrial infrastructure, supporting industry and automobile assembly.

The complicated developments of the COVID-19 pandemic have caused restrictions in attracting foreign investment. Therefore, Ninh Binh needs to pay attention to on-spot investment promotion and making list of strategic domestic and foreign investors to call on them to invest in the province.

Besides, Ninh Binh has cooperated with central ministries and agencies, media agencies to publish and broadcast the province's documents serving its investment promotion.

At the same time, it has reviewed its mechanisms and policies regarding investment incentives so as to adjust and supplement them in line with reality.

Provincial authorities have assisted investors in dealing with hindrances in terms of land clearance, compensation, so they could begin their projects as soon as possible.

Moreover, Ninh Binh has also provided workforce and training courses for labourers by calling for cooperation between vocational training schools and universities and colleges both in and outside the province.

Under the province's spirit of attracting investment in to clean and high-tech projects, Ninh Binh has built promotion programmes, renewed and diversified investment activities. It has also improved on-spot investment promotion alongside with assisting enterprises' development and bettering the local investment climate and provincial competitiveness index.

In the short term, the province will study, review and adjust the general planning of Ninh Binh urban area and orientations for development of urban areas synchronously and in line with its conditions.

Besides, Ninh Binh will gradually complete the planning, building and development of industrial parks and clusters in the province in order to attract more domestic and foreign investors.

Along with synchronous investment in infrastructure, Ninh Binh will  enhance regional connectivity, combining economic development with addressing social and environmental protection issues; stepped up cooperation with provinces and cities in the northern key economic region and the Red River Delta to call for more investment resources.

The province will publicize and simplify administrative procedures in the field of business registration, land, environment to create more favourable conditions for investors.

Translated by Nguyen Thuy