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Industrial production of enterprises in Ninh Binh province in the first quarter of 2024 has recovered and recorded slight growth compared to the same period last year, according to the provincial Statistics Office. However, some industries such as cement and automobile assembly have still seen much difficulties.
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.
The inauguration of the second factory of Hyundai Thanh Cong on November 15 is seen as an important event, helping to turn Ninh Binh into an automobile assembly and manufacturing hub of the whole country.
Ninh Binh province boasts numerous advantages to develop industries such as automobile assembly and manufacturing, electronic components, textile and garment. However, these sectors heavily rely on imported materials, resulting in higher costs and independence in production. Based on its advantages in terms of geographical location and foreign direct investment (FDI) attraction policies, Ninh Binh will focus on attracting investment in supporting industries in the time to come.
Đại diện Chery Automobile nói hãng có tham vọng bán xe lắp ráp tại Việt Nam, kế hoạch bán ra sản phẩm đầu tiên vào 2023.
Having defined industry as a spearhead econmic sector, Ninh Binh has paid due attention to developingsome industries that have made big contributions to exports like electronics, footwear, garment, and automobile assembly. However, in the recent past, these industries are suffering great impacts from the COVID-19 pandemic, which cause disruption of global supply chains. Therefore, Ninh Binh is consistent with its goal of drawing FDI into supporting industries in a bid to raise industrial production value and contribute to the province's growth.
Implementing the Resolution of the 21st Congress of the Ninh Binh Party Organisation for the 2015 - 2020 tenure and the Socio-economic development plan for 2016 - 2020, the northern province of Ninh Binh issued a number of mechanisms and policies to realise its economic development targets, under which special attention has been paid to automobile manufacturing and assembly, and electronic industries; restructuring the agriculture sector and boosting tourism.
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.
The Ministry of Finance plans to eliminate import taxes on auto materials and parts in order to support the development of the country's automobile industry.
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.
Russian automobile maker Sollers plans to start assembling UAZ cars in Vietnam in 2018, said Vadim Shvetsov, director general of Sollers, at the International Industrial Trade Fair INNOPROM 2017 in Russia.
PM Nguyen Xuan Phuc on April 7 visited the automobile assembly and production chain in the Hyundai Thanh Cong Auto Viet Nam Joint Stock Company in the northern province of Ninh Binh.
Domestic automobile manufacturers and assemblers have urged the government to take steps to ensure their survival once the zero tariff on imported cars goes into effect next year.
Head of Hyundai Corporation - Rep. Office Vietnam, Byug Hun Jung, paid a working visit to Ninh Binh province on March 31 to seek investment opportunities in the automobile, shipbuilding, and construction industries.
