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Ninh Binh authorities have asked relevant units to allocate land for building houses for workers when zoning off industrial zones (IZs), while ensuring synchronic technical and social infrastructure for workers in these IZs.
In the past few years, the formation and development of industrial zones in Ninh Binh province has reaped sound achievements, contributing to its socio-economic development. Industrial zones (IZs) has drawn a large amount of investment from economic sectors, especially foreign direct investment (FDI), thus helping to increase the province's technological ability, competitiveness, and export turnover, and expand international cooperation.
Vietnam currently has 16 million workers in industrial and export processing zones (IZs and EPZs), directly producing 60% of the total domestic product annually and contributing 70% of the state budget.
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.
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).
The development of industrial zones needs a comprehensive plan to capture the transition of the foreign direct investment (FDI) inflow spurred by trade wars and the COVID-19 pandemic in which Vietnam has significant opportunities to become the next global factory.
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.
Prime Minister Nguyen Xuan Phuc had a dialogue in Ha Nam on May 20 with nearly 1,000 workers at industrial zones (IZ) in the Red River Delta.
