Ninh Binh prioritizes high-tech and environmentally friendly projects

16:28 | 19/08/2024 Support industries Follow Ven.vn on

(VEN) - Ninh Binh holds a strategically important position, connecting the Northern, Central, and Northwestern regions of Vietnam. Located within the Hanoi - Hai Phong - Quang Ninh - Thanh Hoa economic development quadrilateral, the province has favorable conditions for the development of supporting industries.

Production activities of most supporting industry enterprises in the province have been developing relatively well

Production activities of most supporting industry enterprises in Ninh Binh Province have been developing relatively well

Pillar industries

According to the provincial planning for the 2021-2030 period, with a vision to 2050, tourism and culture, automobile mechanical industry, innovation and startups, and ecological, multi-value agriculture will become major economic development drivers of the province.

The province-based automobile mechanical industry is expected to attract high-tech and supporting industry investment projects.

Ninh Binh has so far attracted 97 foreign direct investment (FDI) projects totaling almost US$1.676 billion in registered capital from 12 countries and territories. The Republic of Korea has become the biggest and second biggest foreign investor in the province in terms of the number of projects and investment value (45 projects worth US$450.18 million, accounting for 27 percent of the total).

Investment projects in the industrial sector have made significant contributions to the formation of the supporting industry, which is growing strongly in the fields of textile-garment, leather and footwear, electronic components, and automotive parts.

High-tech and supporting industry development

The province will accelerate the development of industrial zones and clusters, build and implement supporting industry infrastructure development programs, and prioritize high-tech and supporting industry projects.

According to the Ninh Binh Provincial Department of Industry and Trade, production activities of most supporting industry enterprises in the province have been developing relatively well, supplying a large volume of products to key domestic industries and global value chains, and contributing to increasing the local contents of industrial products.

Ninh Binh will continue to focus on attracting investment, giving priority to high-tech and environmentally friendly production projects that create high value-added products for export.

Thanh Tuan

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