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Vietnam Electricity (EVN) and the European Investment Bank (EIB) have signed a memorandum of understanding to create a prerequisite for the EIB to help with the Vietnamese group's sustainable development and energy transition.
Ninh Binh's total development investment was estimated to reach 2.44 trillion VND (101.35 million USD), posting a month-on-month increase of 8.8%.
The disbursement of foreign direct investment (FDI) in Vietnam went up 15.1% between January and November to some 19.68 billion USD, the highest 11-month figure over the past five years, according to the General Statistics Office (GSO).
In an effort to improve the Department and District Competitiveness Index (DDCI) in 2022, Ninh Binh province's management board of industrial parks (IPs) has carried out numerous solutions, focusing on improving the investment and business climate, increasing competitiveness, and promptly handling obstacles faced by enterprises, thereby contributing to the enhancement of the Provincial Competitiveness Index (PCI).
Despite foreign direct investment (FDI) in Vietnam shrinking over recent months, the decline has started to slow, with domestic FDI attraction now catching up with the global recovery trend.
The 2022 socio-economic performance, the socio-economic development plan for 2023, the 2022 State budget, the 2023 State budget estimate, public investment plan and allocation of State budget will be the focus of the seventh working day of the 15th National Assembly's fourth session on October 27.
Vietnam attracted more than 18.7 billion USD in foreign direct investment (FDI) in the first nine months of 2022, according to the Ministry of Planning and Investment.
The nation continues to be a safe and stable destination which creates a favourable environment for businesses from the Republic of Korea (RoK) to feel secure for long-term investment, co-operation, and development.
Ninh Binh ranked among the top localities with a high rate of public investment disbursement. The outcome was attributed to the efforts of party committees and administrations at all levels.
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.
In a bid to attract investment and promote MICE tourism potential, Ninh Binh has supported local firms to invest in tourism infrastructure and upgrade services to draw more visitors, thus creating momentum for the province's green economy to develop robustly in the coming time.
The Government issued Resolution 124/NQ-CP, dated September 15, 2022 on measures and tasks to accelerate public investment disbursement in the rest of 2022.
Prime Minister Pham Minh Chinh chaired a hybrid meeting with foreign-invested enterprises and business associations on September 17, during which he pledged to create favourable conditions for FDI enterprises to invest successfully and sustainably in Vietnam.
Prime Minister Pham Minh Chinh has affirmed that Singapore is one of the effective and practical partners of Vietnam in the region, especially in economy, trade, investment and education-training.
The past eight months of the year saw the nation attract investment from 94 countries and territories worldwide, with a total registered capital of US$16.8 billion, equaling 87.7% over the same period from 2021, according to statistics compiled by the Ministry of Planning and Investment.
Prime Minister Pham Minh Chinh on August 3 urged stronger determination, efforts and actions to disburse public investment as part of the Government's main priorities.
Since the beginning of 2022, the northern province of Ninh Binh has implemented numerous solutions to accelerate the progress of public capital projects as scheduled and to disburse public investment capital in a bid to effectively realise the Government's Resolution No. 11/NQ-CP dated January 30, 2022 on the socio-economic recovery and development programme.
The initial six months of the year saw public investment disbursement only met 27.86% of the annual plan, a figure even lower than the 29.02% recorded in the same period last year, according to the Ministry of Planning and Investment (MPI).
Though it has improved its management and governance and administrative reform, Ninh Binh's provincial competitiveness index (PCI) in 2021 remains low without improvement in the ranking as compared to the previous year. Having defined enhancing the competitiveness edge as one of the most important tasks, local authorities have taken solutions to improve the province's business and investment climate and PCI in the coming time.
The National Assembly (NA) is discussing investment in several major road projects and a draft resolution on some special policies for south-central coastal Khanh Hoa province on June 10, part of its ongoing third session in Hanoi.
The 15th National Assembly on June 6 is planned to hear reports on investment policy regarding a series of road projects at its ongoing third session in June 6 morning.
The Ninh Binh Provincial People's Committee on June 4 held a meeting with foreign direct investment (FDI enterprises in an effort to promptly remove difficulties for the business community, and create favourable conditions for them, thus achieving the goal of "accompanying, sharing, and cooperating for development".
Following the Prime Minister's direction in Decision No. 548/QD-TTg, dated May 2, 2022, the Ministry of Finance compiled a summary report on May 18 on inspecting and removing difficulties and obstacles while accelerating disbursement of public investment capital 2022.
In an attempt to turn itself into a developed province in the Red River Delta and a leading tourism center of the whole country and Southeast Asia, Ninh Binh has been striving to improve its business and investment environment.
The Ninh Binh Provincial People's Committee has issued a plan on promoting tourism in the period of 2022-2025 in a bid to step up the communication and popularization about Ninh Binh's land, people, culture, history and tourism potential, thus calling for investment in the field.
