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In a bid to safely, flexibly adapt to and effectively control the COVID-19 pandemic, many local firms have implemented numerous measures to overcome difficulties, ensuring their production and business plans. Therefore, the province's industrial production was gradually resumed and saw growth in the first quarter of 2022.
When it was re-established in 1992, Ninh Binh had only 14 small industrial production businesses. After 30 years, the industrial production sector has witnessed robust performance and affirmed its essential role in the province's economy. The industrial production accounts for 31.6 percent of the provincial economic structure.
After it was re-established in 1992, Ninh Binh province clearly defined its advantages for tourism growth. However, to develop the non-smoke industry, it requires synchronic infrastructure. Therefore, in the past 30 years, Ninh Binh has paid due attention to building infrastructure, creating momentum for the province to become a bright spot in the country's tourism map.
The COVID-19 pandemic has caused severe impacts in many fields. Thanks to its good performance in disbursing public capital investment, Ninh Binh has created an important driving force for its economic growth, infrastructure development and a new appearance for the province after 30 years of re-establishment.
With trade and domestic production bouncing back despite negative impacts of the health crisis, the government is making its great efforts to continue reviving the economy, which is expected to take the lead in the region in growth this year.
The Ministry of Agriculture and Rural Development (MARD) will conduct agricultural restructuring in tandem with growth model reform and new-style rural area building under an action plan in 2022 recently approved.
Since Ninh Binh has well controlled the COVID-19 pandemic, enabling the growth of production and trade activities and contributing positively to the province's state budget collection and spending in 2021.
Vocational training development will be boosted to meet the diverse demands of the labour market and the higher requirements in human resources quality for national growth in the new period under a new Vocational Training Development Strategy in the 2021-2030 period with a vision to 2045, which has just received approval.
The Ministry of Planning and Investment (MPI) is coordinating with relevant ministries, sectors and localities to study and build a programme on economic recovery and development in association with improvement of the economy's internal capacity and self-reliance by 2023, with a goal to achieve an annual average GDP growth rate of 6.5-7 percent during 2021-2025.
Vietnam aims for a growth at 5-5.5 percent each year in forestry production in the 2021-2025 period, according to a Government resolution approving the investment policy for the sustainable forestry development programme in the next five years.
Complicated developments of the COVID-19 pandemic has caused great impacs onproduction and business activities Ninh Binh province. However, the province's total domestic revenue in the first half of 2021 reached 7.18 trillion VND (313 million USD), equivalent to 60 percent of the estimate allocated by the provincial People's Council and representing a rise of 19 percent from same period of 2020.
The Central Institute for Economic Management (CIEM) and the Australia Supports Economic Reform in Vietnam (Aus4Reform) on July 15 announced two economic growth scenarios for Vietnam this year.
Ninh Binh does not have many advantages in agricultural development while suffering negative impacts from diseases in recent years hence its agricultural growth remains low. Therefore, the province has stepped up the application of high and clean technology and biotechnology in agricultural production in a bid to create breakthroughs in the sector.
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.
Ninh Binh's exports saw stable growth in the first four months of 2021, enabling the province to reach the target of 2.4 billion USD in export turnover set for the whole year.
Vietnam witnessed the growth of exports and imports in the first four months of 2021 hitting 10-year record high, data of the General Statistics Office (GSO) shows.
Continuing its growth momentum in 2020, Ninh Binh's exports saw good performance right in the first month of 2021, raking in a turnover of 243.3 million USD.
The Government has just issued Resolution 195/NQ-CP on serious, synchronous and effective implementation of key tasks and solutions for 2021, with the aim of striving to achieve economic growth of 6-6.5%.
The year 2020 can be said to be the most successful year of Vietnam during 2016-2020, as the country is among the few in the world posting a positive growth rate amidst the COVID-19 pandemic, Prime Minister Nguyen Xuan Phuc has affirmed.
Although Ninh Binh has suffered great losts caused by the COVID-19 in 2020, the province's exports continuously showed its sound growth in both turnover and market in 2020, when it brought home an estimate number of 2.38 billion USD, up 13.3 percent from 2019 and surpassing the yearly target by 8.2 percent.
Vietnam's exports this year could grow by 3-4 percent despite the COVID-19 pandemic, according to the Ministry of Industry and Trade (MoIT).
Vietnam is aiming for GDP growth of 6% in 2021 under a socio-economic plan recently adopted by the National Assembly (NA).
In the context of COVID-19 pandemic's complicated developments disrupting international trade, Vietnam's exports have still maintained positive growth.
The 22nd Ninh Binh Party Congress (term 2020-2025) will be held from October 20 to 22. During the term, Ninh Binh strives to be a moderate-growth province in the Red River Delta by 2030.
Prime Minister Nguyen Xuan Phuc on August 2 again called for resolve to perform the dual tasks of containing COVID-19 and preventing negative economic growth, in the context of the pandemic returning in the country with complexity.
