Ninh Binh seeks to woo investment in support industry
Currently, Ninh Binh continues working to attract investment, especially in the support industry in service of automobile manufacturing and assembling, textile and electronic component production.
On the right track
The implementation of such dramatic measures as building industrial zone infrastructure, issuing Regulations on choosing and supporting key industrial products, and implementing industrial programs and policies for developing the support industry have allowed the province to reel in a number of investors to develop the support industry, bringing high industrial production value for the locality.
In 2016 alone, production value of the support industry hit nearly 5 trillion VND, 125 times higher than that of 2010, accounting for 14.3 percent of the province's total industrial production value.
Many big firms have been operating well and gained big profits like MCNexVina, Beauty surplus int'l Viet Nam, Textile company of Lam Giang, and Hyundai -Thanh Cong automobile company.
Besides, Ninh Binh has issued regulations on incentives, policies for the support industry like automobile, and others.
In particular, Ninh Binh leaders have worked with Republic of South Korea leaders and investors on investment policies to call for investment in the automobile industry.
Providing conditions to develop support industry
According to the Department of Industry and Trade, Ninh Binh has crafted incentives and measures to develop the support industry in the time to come, like establishing new industrial zones only for the industry.
A special website providing information about firms, products, FDI investors, and manufacturers related to the support industry will be established, as will centers looking for new markets for products.
Firms will be encouraged to take part in the global supply chain in manufacturing and exporting automobile components, and electronics.
Other measures are building programs to develop the support industry; continuing to review and adjust prioritized projects for investment; providing financial support in training labors to meet the high demand of the industry.
(Translated by: Nguyen Thuy)
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