Ninh Binh takes the initiative to welcome new wave of investment into IZs

Ninh Binh has been preparing necessary conditions and completing planning schemes and upgrade of infrastructure at the local IZs in a bid to improve their competitiveness and attractiveness in luring investment.

According to the provincial IZs management board, in 2020, it granted certificates of investment registration to six projects with total registered capital of over 1.11 trillion VND (47,4 million USD), including one foreign- invested project worth 2 million USD.

In the first month of 2021, the management board finalized procedures to issue a certificate of investment registration to one FDI project with total registered capital of 30 million USD.

Last year, the total amount of registered capital and additional investment of projects in the province reached nearly 2.4 trillion VND (104.5 million USD).

To date, there are 118 valid projects in the local IZs with total registered capital of 63.21 trillion VND (2.7 billion USD), including 29 FDI projects with total registered capital of 560.44 million USD.

These projects have played an important role in the province's industrial production, such as CFG glass making plant; MCNex Vina specializing in producing camera modules; Thanh Cong automobile factory and Vissai cement factory.

In 2020, enterprises in the IZs contributed over 11 trillion VND (474.6 million USD) to the state budget, representing an increase of 12.6 percent from 2019, and created jobs for over 40,000 workers with stable incomes.

Ninh Binh has given a top priority to attracting domestic and foreign investors into such fields as projects using high, clean and friendly-environmentally technologies; and supporting industries with high value.

Ninh Binh's IZs cover a total area of 1,472 hectares, with an occupancy rate reaching almost 100 percent.  

Hoang Manh Thang, Head of the board's Investment Management Division, said to promptly welcome a new wave of investment into the IZs, Ninh Binh is speeding up the upgrade of infrastructure, completing the planning work and developing new IZs to provide more land for investors.

Top priority will be given to expanding Tam Diep 2 and Kim Son IZs, and then establishing new IZs and expanding other IZs.

At the same time, Ninh Binh's authorities will soon issue new incentives and preferential policies in an attempt to lure more investment in the province in general and into the IZs in particular.

(Translated by Nguyen Thuy)