Ninh Binh's industry sector hits target

By November, 2017, the industrial index expanded by 13.6 percent over the same period last year.

In which, the mining sector inched up by 10.9%, and industrial processing and manufacturing increased by 19.5%. Total industrial production value in the last 11 months of the year hit 39,6 trillion VNĐ, posting an increase of 24% on year, and 7.1% higher than the target set for the year.

Reviewing the performance of the industrial sector, Mr Le Van Hoan, Head of the Industry and Trade Department, said that in 2017, the industrial production performed soundly and reached the set target a month ahead of schedule. The achievements reflected the recovery and sustainable development of the local industrial sector.

Many enterprises have resumed their operation, contributing to the locality's growth, like Ninh Binh fertiliser company with 223,000 tons of fertiliser produced, up 59%.Huyndai Automobile Corporation saw stable operation, with 17,783 cars assembled in 11 months of 2017, posting 3.1 rise folds.

Key products with hikes in production included automobiles, module cameras, fertilizers, floating glass, and electronic components.

These above results reflected the effectiveness of State management in the industrial sector as well as local policies and orientations.

One of the policies that received high assessment from economic experts and the business community is Decision No 07/NQ-BCSD dated February 13, 2017 on leading and managing to develop automobile manufacturing and assembly and the electronic industry as key economic sectors, contributing to the local budget; and the Program on supporting Ninh Binh's industry by 2025.

In addition to that, the Department of Trade and Industry has implemented the Plan on developing industrial clusters in the region, boosting investment attraction, and calling investors into industrial zones.

So far this year, the industrial cluster development Center has received seven foreign enterprise delegations and 11 domestic enterprises which came to study investment opportunities in industrial zones. The industrial clusters in the province attracted six investment projects with total registered capital of 1.9 trillion VND.

In the recent time, the Department of Trade and Industry has launched synchronous measures to improve the investment environment, remove difficulties, and increase competitiveness for enterprises such as simplifying administrative procedures, boosting production and trading; paying heed to trade promotion activities, creating favorable conditions for enterprises to introduce products, and seek partners; and assisting traditional handicrafts and trademark development.

These measures look to ensure the industrial sector's growth, laying a foundation for Ninh Binh's economy to continue to integrate intensively into the national and global economies in the following years.

Translated by Nguyen Thuy