Tìm kiếm: supporting industries

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.

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.

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).