Ninh Binh takes measures to draw investment in industry

According the provincial Department of Industry and Trade, Ninh Binh is now home to five industrial zones (IZs) and 19 industrial clusters (ICs).

In the past few years, the department has cooperated with administrations at all levels and sectors to collect information, study and evaluate the market and potential partners in order to devise orientations for investment attraction.

To date, the province's IZs and ICs have attracted 484 secondary projects with total registered capital investment of over 82 trillion VND. In September alone, turnover in these IZs and ICs reached 49 trillion VND (over 2 billion USD), and contributed over 8.52 trillion VND (363 million USD) to the state budget.

In a bid to effectively attract investment in industry, the province will implement a project on restructuring the industrial sector and continue orientating and drawing investment in the industrial sector.

Accordingly, it will facilitate the building, approval and implementation of planning projects and creating more cleared land areas to attract more investment, with priority given to automobile assembly and supporting industry, electronics and tourism.

Moreover, the province has well prepared infrastructure, land and human resources in an attempt to attract foreign sources, and welcome FDI waves.

The department will cooperate with related departments and sectors, to survey infrastructure investment of investors and operations of secondary investors in the ICs, and promptly remove difficulties and hindrances for them.

It will continue working with the Department of Planning and Investment and infrastructure investors to attract secondary investors.

Another task is accelerating land site clearance in newly-established IZs and ICs in order to speed up infrastructure investment and attract projects.

Translated by Nguyen Thuy