Tìm kiếm: investment

As the COVID-19 pandemic has been badly affecting the domestic and world economies, Ninh Binh has been consistent with its measures to carry out its investment promotion programme in 2021 and has attracted more strategic investors to explore and study the province's potential and advantages.

Ninh Binh province had disbursed 1.6 trillion VND of public investment capital by July 31, equivalent to 50.1 percent of the yearly plan and higher than the average figure of the whole country. The above result was attributed to the Ninh Binh's right direction in implementing dual tasks.

As a country receiving significant investment from abroad, Vietnam's enterprises now have investment activities abroad in various areas that are the strength of the country in many modern industries such as telecommunications and automobiles.

The northern province of Ninh Bình disbursed 1.57 trillion VND (some 49.2 million USD) of public investment in the seven months of 2021, fulfilling 50 percent of the set target.

The disbursement of public investment capital in Ninh Binh province reached 1.42 trillion VND (61.7 million USD) in the first six months of 2021, equivalent to 45.16 percent of the yearly plan and higher than the average figure of the whole country.

The disbursement rate of public investment capital in 2021 is expected to reach between 95-100 percent of the plan assigned by the Prime Minister, according to the Ministry of Planning and Investment.

To deal with difficulties caused by the COVID-19 pandemic, Ninh Binh province has renewed its ways of investment promotion in an attempt to effectively exploit the competitive advantages, provide more opportunities for investors pouring investment in the province and create favourable conditions for local enterprises to maintain and expand its production and business activities.

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.

Vietnam has emerged as an investment destination for 140 countries and territories globally, attracting 33,000 foreign direct investment (FDI) projects with total registered capital of US$394 billion.

Disbursement of public investment in April was estimated at VND30.4 trillion (over US$1.3 billion), a sharp increase of 23.9% over the same period last year and equivalent to 6.6% of the yearly target, according to the General Statistics Office (GSO).

In recent years, Ninh Binh has paid due attention to attracting investment into the province in general and its industrial zones (IZs) in particular. The local IZs have also seen better indicators in terms of occupancy rate, quality of projects, and feasibility and efficiency of projects as compared to other IZs in the nation and in the region.

Almost VND40.9 trillion (US$1.77 billion) of public investment was disbursed in the first two months of 2021, equivalent to 9% of the year's plan - the highest level compared to the same period of the last five years.

The Government has issued Resolution No. 20/NQ-CP approving the fourth Protocol to amend the ASEAN Comprehensive Investment Agreement (ACIA).

In the context of the shifting global supply chains after the COVID-19 pandemic, the northern province of Ninh Binh has actively taken synchronous and appropriate solutions in order to welcome a new wave of investment into industrial zones (IZs).

Having defined tourism as a spearhead economic sector, Ninh Binh province has taken numerous measures to attract more investment to develop tourism infrastructure, services and tourism products.

On January 13, Hong Kong business delegation led by Sam Rehani, President of Magnum Asia Limited paid a working visit to Ninh Binh province in a bid to seek tourism investment opportunities.

The total amount of development investment in northern Ninh Binh province exceeded 22.77 trillion VND (982 million USD) in eleven months of 2020, up 5.4 percent year-on-year, according to the provincial Department of Statistics.

Ten out of 12 ministries and agencies have committed to completing the disbursement of foreign loans this year after adjusting down their capital plans, the Ministry of Finance has reported.

Prime Minister Nguyen Xuan Phuc had a working session with authorities from the northern province of Ninh Binh on July 12 to check the implementation of socio-economic development in 2020, including the disbursement of public investment.

Vietnam's public investment disbursement in the first half of 2020 was estimated at VND156 trillion (US$6.7 billion), according to the Ministry of Planning and Investment (MPI).

The National Assembly Standing Committee resumed its 45th session on June 1, and adopted a resolution stipulating principles, criteria and quota for the allocation of public investment using State budget in the 2021-2025 period.

Total foreign investment inflows recorded a year-on-year decrease of 14.5% to US$12.33 billion as of April 20, according to the Ministry of Planning and Investment.

The total amount of development investment in northern Ninh Binh province exceeded 4.94 trillion VND (210 million USD) in the first quarter of 2020, up 6.8 percent year-on-year, according to the provincial Department of Statistics.

The northern province of Ninh Binh disbursed 1.13 trillion VND (some 47.9 million USD) of public investment in the first two months of 2020, fulfilling 50 percent of the set target.

In parallel with speeding up land clearance and improving infrastructure at local industrial zones (IZs), the Industrial Zone Authority of Ninh Binh has offered advice to the provincial People's Committee to adjust the province's master plan, accelerate administrative reforms and create a favourable investment environment, making these IZs attractive destinations for investors.