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Province to prioritises hi-tech

Update: September, 13/2018 - 09:00
An automobile production line at Hyundai Thành Công, a joint venture between Thành Công Group and South Korean Hyundai Motor Group in Gián Khẩu Industrial Zone in northern province of Ninh Bình. — VNA/VNS Photo Danh Lam
Viet Nam News

NINH BÌNH — The northern province of Ninh Bình will focus its investment in projects with high value and welcome investors with new ideas or breakthroughs in technology to promote its vast development potential.

Đinh Văn Điến, chairman of the provincial People’s Committee, said the province is committed to offering support on key projects including infrastructure development, high-tech technology and environmental friendly schemes in accordance with current State regulations.

Nguyễn Cao Sơn, director of Ninh Bình Province’s Department of Planning and Investment, said the province has attracted 55 Foreign Direct Investment (FDI) projects, worth more than US$1.25 billion.

The projects in the province are mostly textiles, manufacturing and auto assembly.

Investors from 11 countries and territories have invested in Ninh Binh including Korea, mainland China, Taiwan, Singapore and Japan.

Most of FDI projects have been implemented effectively with revenue increasing each year, Sơn said.

The FDI inflow to the province reached $69.15 million in the first half of this year, an increase of $44.7 million compared with the same period last year.

The revenue brought by FDI enterprises has risen to $436 million, up 13.5 per cent over last year’s figure.

The projects also created jobs for almost 40,000 workers mainly in the textiles and footwear industry.

Điến attributed this to the ongoing efforts to foster administrative reforms, improve investment climate, accelerate investment promotion and resolve difficulties for investors.

Identifying tourism as key economic sector, the province has set up key tourist areas such as Tràng An, Tam Cốc-Bich Động, Hoa Lư Ancient Capital, Phát Diệm Church to attract investment in this area, he said.

In order to attract more FDI capital in the future, he said the province would focus on a number of measures including developing infrastructure for industrial zones like Gián Khẩu, Khánh Phú, Tam Điệp, Khánh Cư and Phúc Sơn.

In addition, the province would focus on high-quality human resources training, encouraging collaboration between enterprises and colleges and vocational training centres to meet employee’s demand.

The province has requested the relevant departments to review administrative procedures, implementing one-door policy with a view to reduce time-consuming and cost for enterprises, he said.

To make it easier, it was necessary that investors be provided with updated information on its industrial development strategies, land and warehouse rental fees in its industrial clusters, Điến said. — VNS

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