Ninh Binh's economy continues growth trend

The report presented the implementation of the province's socio-economic tasks and state budget in 2019. It said Ninh Binh met or surpassed all 16 targets set forth by the 22nd Provincial Party Committee Congress.

The province achieved a GRDP growth rate of 10.02%; bugdet collection hit a new record, meanwhile industrial production saw robust performance, and the agricultural sector continued to maintain its growth pace.

To the overall growth, total industrial production estimated to hit over 71,83 trillion VND (3.1 billion USD), up 24.4 % against 2018; the agriculture-forestry-fishery sector contributed 12.3%; the industry and construction sector, 45.6%; and the service sector, 42.1%.

In 2019, the province granted investment licences to 46 projects, up 22 projects against 2018, with total registered capital of 10.3 trillion VND, five times higher than that of 2018.

Export turnover in 2019 stood at 2.1 billion USD, representing a rise of 35.2% in comparison to the year ago.

Notably, State budget collection hit 15.2 trillion VND (656 million USD), much higher than the target set, meanwhile tourism turnover estimated to achieve 3.6 trillion VND (155 million USD), an increase of 12.5 percent.

To date, Ninh Binh has two districts, one city, and 101 out of 118 communes met the criteria of building new-style rural areas, exceeding the target set by the People's Council.

The provincial People's Committee also mapped out the socio-economic development plan for 2020.

Accordingly, in 2020, Ninh Binh plans to continue stabilizing the economy, and achieve a GRDP growth rate of above 8%. It aims at boosting industrial production and small handicraft industry; attracting more investment into technical infrastructure, thus drawing more investors into its industrial clusters.

It has set to achieve a growth of 11% in industry - construction production value compared to that of 2019.

Besides the locality has set to continue to improve the investment environment, increase competitiveness, and address difficulties facing enterprises in 2020.

The other tasks will be developing tourism as a spearhead economy; striving to receive over 7.7 million visitors and earn more than 3.9 trillion VND (168 million USD) in turnover; continuing implementing social welfare soundly and raising the material and spiritual life of local people; streamlining administrative procedures; stepping up diplomatic affairs and integration; and strengthening national defence and social security.

It looks to have two districts and six more communes to be recognised as new-style rural areas by 2021.

Translated by Nguyen Thuy