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According to the master planning scheme of Ninh Binh in the 2021-2030 period with a vision until 2050, which was signed for approval by Deputy Prime Minister Tran Hong Ha on March 4, the province sets a target of turning itself into a leading automobile industry hub in the country; a millennium heritage urban area, a creative city and one of the 10 provinces and centrally-run cities having the highest per capita income.
The decline in domestic automobile consumption and its drop to 5th place in Southeast Asia can be attributed to both external and internal factors, according to industry insiders.
As part of their working visit to the northern province of Ninh Binh, Deputy Minister of Foreign Affairs Pham Quang Hieu and his delegation on February 28 had a working session with leaders of Hyundai Thanh Cong automobile factory.
Thanh Cong Group and Hyundai Motor co-held a ground-breaking ceremony for an automobile manufacturing facility which has designed capacity of 100,000 units per year, in the northern province of Ninh Binh on September 20.
Defining the support industry and the automobile assembly and manufacturing as spearhead sectors of the local economy, the northern province of Ninh Binh has in the past few years adopted incentives and policies to develop these fields.
Sejung Vietnam Co., Ltd inaugurated its automobile support plant in the northern province of Ninh Binh on April 4 in the presence of Secretary of the provincial Party Committee Nguyen Thi Thanh, among others.
