Ninh Binh Province Welcomes Investors
Ninh Binh is situated South of the Red River Delta, 90 km from
Since 2001, Ninh Binh has recorded high growth rates in the region with an average of 8.7 per cent. The economic structure is changing positively in favour of industry and services (in 2003, the agriculture-forestry sector comprised 42.73 per cent, industry-construction 28.61 per cent and services 28.66 per cent). In the first half of 2004, GDP growth rate stood at 11.82 per cent. The agro-forestry-aquatic production value increased 4.1 per cent, industrial production value 38 per cent, and services over 12 per cent. In the economic structure, agriculture-forestry-fisheries made up 40.5 per cent, industry-construction 32.5 per cent and services 27 per cent. The budget revenue reached VND269.8 billion or 75 per cent more than the previous year. Ninh Binh has become an advanced province with its growth rate and economic restructuring process. Progress has also been recorded in cultural and social fields; the spiritual and material life of the population has improved; social security and welfare has been secured.
The success is partly due to the decision of the Party Commission, People’s Council and Committee to develop industrial zones, industrial complexes, tourism centres and urban areas meeting the process of industrialisation and modernisation in the province. Ninh Binh has planned for the development of three industrial zones (IZs): Ninh Phuc (334 hectares), Gian Khau (93.1 hectares) and Tam Diep (32.2 hectares). Ninh Phuc and Gian Khau IZs have been endorsed by the Prime Minister and are under land clearance and infrastructure construction before handing over to the investors. Ninh Binh has also planned 16 industrial complexes in districts and towns, and eight tourism centres in the province. Investment projects in tourism centres such as Hoa Lu and Trang An, approved by the Prime Minister, related ministries and agencies are under implementation. Urban development is also planned in the provincial capital, Tam Diep town and other localities.
To attract investment, the province has applied preferential treatment such as low land rentals, reduction of enterprise income taxes, priority in credits, financial support in the training of local workers, site infrastructure, and priority in information and advertising. Administrative formalities have also been streamlined to become “one-stop shop” processes, granting licenses to investors in 7 days. As a result, the number of investment projects has increased significantly. In 2003 and the first half of 2004, 79 projects have been invested in the province with total investment of thousands of billion of VN Dong and ten million US dollars. Some projects are already in operation such as Tam Diep Steel Co. Ltd, and Tam Diep cement plant. Some major projects will soon be implemented, namely a urea fertiliser plant of 560,000 tonnes/year, and a cement plant. The investment projects have also generated thousands of jobs for the province, promoted economic restructure and increased local and State revenues.
In view of the economic strategy to transform
To achieve those objectives, Ninh Binh must focus on the following measures:
One, stepping up both general and specific planning for urban and rural areas, working with other provinces, concentrating on industrial zones and complexes, tourism centres and urban areas.
Two, developing and perfecting preferential policies and mechanisms, making the investment environment of the province more favourable and attractive.
Three, making the best use of local and foreign resources for development, accelerating economic restructure, giving priority to large projects utilising high technology, using local materials, producing export items which are environment friendly to make Ninh Binh a town of services, tourism and sustainable development.
Four, using land resources as investment capital for the development of technical infrastructure, especially in industrial zones and complexes, building roads, installing power and water supply and communication services in industrial zones and complexes, and tourist centres.
Five, developing human resources potential, training 14,000-15,000 workers a year for investment projects in the province, according high priority to labour-intensive projects, assisting enterprises in the training of local workers, allocating some one million Vietnam dong per person.
Six, accelerating administrative reform, transforming public administration into public services, meeting the demand of all organisations and citizens, assuring investors of efficient completion of all relevant formalities in a week, forbidding problems caused by officials to investors and enterprises.
With its own efforts and the support of the central government, Ninh Binh calls on Vietnamese and foreign investors to develop the potential and strengths of the province on the basis of mutual benefit. The liberal foreign investment laws of
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