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The Ninh Binh Provincial People's Committee has held a monthly meeting to evaluate the province's socio-economic development situation in August and set out orientations and tasks for September.
Many economic sectors in Ninh Binh province maintained stable growth in July such as industrial production and tourism.
Ninh Binh is among a few provinces and centrally run-cities nationwide enjoyed positive industrial production growth in 2023. The outcome was attributed to the industry and trade sector's synchronic measures to remove difficulties for local bussinesses, thereby helping to spur industrial production growth and maintain its growth momentum. This year, the province is striving to reach industrial production growth target of 8.7%.
Ninh Binh province's industrial production value was estimated to reach over 7.57 trillion VND (301 million USD) in March, up 1.3%. The province has been carrying out measures to boost industrial production.
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.
Though there were still difficulties in the first months of 2024, positive signs of new orders and consumption have appeared. Local firms in Ninh Binh have strived to overcome difficulties, renew governance methods and improve their products' quality in an attempt to stabilise production and create more job for labourers.
Vietnamese enterprises and authorities are taking action right from the start of 2024 to promote industrial production though many challenges remain in the global economy.
Ninh Binh province's industrial production continued to maintain its growth, with the index of industrial production (IPP) rising by 1.4% in the first eight months of 2023.
Ninh Binh province's industrial production continued to maintain its growth, with the index of industrial production (IPP) rising by 5.8% in the first six months of 2023.
While the whole country in general and Ninh Binh in particular have been facing difficulties, especially in industrial production and exports, the trade and service sectors have been flourishing. In particular, the rapid recovery of the tourism sector has spurred growth of the service sector, thus contributing to the economic recovery.
Inspite of numerous difficulties and challenges in 2022, Ninh Binh province's industrial production maintained its high growth, reaching over 99.5 trillion VND (4.24 billion USD), a year-on-year rise of 7.2%.
As our country gradually adapts and effectively controls the COVID-19 pandemic, the domestic industrial production has recovered quite strongly, helping resume the supply chain in the processing and manufacturing industries, with increasing production output and new orders.
The index of industrial production posted a year-on-year rise of 8.8 percent in the first seven months of this year.
Ninh Binh's Index of Industrial Production (IIP) increased by 1.08% of in the first six months of 2022 while its industrial production value was estimated to reach 48 trillion VND (2 billion USD), up 4% year on year and making up 43.9% of the yearly plan, according to the Department of Industry and Trade.
The Office of Statistic reported that the value of industrial production is estimated to earn 8,2 trillion VND in April, increasing by 7.3% compared with the same period last year.
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.
Vietnam's industrial production recorded an increase of 4.82 percent in added value compared to 2020, according to figures from the General Statistics Office (GSO).
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 province's industrial production index (IIP) in the first five months of 2021 posted a year-on-year increase of 17.6 percent, according to the provincial Department of Statistics.
Stable supporting industries and restructuring of chains for industrial production are crucial to improving the country's manufacturing sector, according to Vietnam Chamber of Commerce and Industry (VCCI).
Ninh Binh's index of industrial production in the first month of 2021 surged 21.8 percent on-year, according to the province's Department Statistics Office.
The index of industrial production (IIP) in November rose 0.5% against the previous month and 9.2% compared with the same month in 2019, according to the Ministry of Planning and Investment.
Vietnam's industrial production grew by a modest 2.71% in the first six months of 2020 due to the impact of the coronavirus, according to the General Statistics Office.
The Resolution of the 21st Congress of the Provincial Party Organization set out that Ninh Binh's economic structure would increase the ratio of the industry and service sectors in the 2015 - 2020 period. The province's industrial production growth is expected to reach 16 percent a year. To achieve the above target, the province has implemented numerous measures to boost the industry sector's growth, and it also has reaped positive results in the past years.
