Ninh Binh province focuses on economic growth

2024 has been defined as an important year to expedite the implementation and fulfill goals and targets set for the five years of 2021-2025, hence Ninh Binh has built plans and scenarios and figured out difficulties to focus on its economic growth.

Right at the beginning of the year, the Ninh Binh provincial People's Committee asked local administrations at all levels and sectors to build growth scenarios for each quarter in a bid to monitor and evaluate socio-economic development, and carry out synchronically measures and solutions to maintain production.

In the January-April period, the province's socio-economic situation saw much progress.

The province's total development investment capital in the first four months of 2024 increased by 8.3% to nearly 10.3 trillion VND (434 million USD) compared to the same period last year. Of the total investment, 1.78 trillion VND was from the State, 7.63 trillion VND from the non-State sector and 840 billion VND from foreign direct investment (FDI), year-on-year increases of 0.6%, 4.2% and 2.3 folds, respectively.

The industrial production value was estimated to hit 31 trillion VND (1.3 billion USD), a year-on-year rise of 5.6%. Of which, the mining industry grew by 21.6% with over 309 billion VND (13 million USD); the processing and manufacturing industry grew 4.9% with over 30.14 trillion VND (1.2 billion USD); electricity production and distribution expanded by 93.3% with 344 billion VND (14.5 million USD); water supply, sewage and waste water treatment grew by 7.2% with nearly 70 billion VND (2.9 million USD).

Tourism activities continued to enjoy high growth. The province welcomed over 4.93million tourists, a year-on-year rise of 33.8% in the first four months. Revenue from tourism was estimated at 4.62 trillion VND (268.23 million USD), up 56.7% against the same period last year.

 The province's public capital disbursement has been sped up. By the end of April, the province had disbursed nearly 1.4 trillion VND (58.8 million USD), accounting for 21.5% of the yearly plan set by the Prime Minister.

Besides, investment promotion has been paid attention. The province has attracted investment into key areas and fields.

In a bid to fulfill the economic growth target set for 2024, Chairman of the provincial People's Committee Pham Quang Ngoc asked leaders of administrations at all levels to focus on growth and socio-economic development, considering it a focal task throughout the year.

Translated by Nguyen Thuy