Ninh Thuan’s southern key economic zone drives regional growth

15:07 | 30/10/2024 Economy Follow Ven.vn on

In just three years since its inception, the southern key economic zone in the south-central province of Ninh Thuan has become a powerhouse, attracting major investments and propelling local development.

Ninh Thuan's southern key economic zone draws renewable energy enterprises. (Photo: VNA)

Ninh Thuan – In just three years since its inception, the southern key economic zone in the south-central province of Ninh Thuan has become a powerhouse, attracting major investments and propelling local development.

The fledgling economic zone, formed under Resolution 15-NQ/TU of the provincial Party Committee on January 11, 2022, is divided into four sub-areas dedicated to industry-energy-seaports, tourism-supporting services, hi-tech agriculture, and biodiversity conservation and forestry development, respectively.

Chairman of the provincial People's Committee Tran Quoc Nam said between 2021 and 2023, the zone boasted an average annual growth rate of 13.3%, eclipsing the provincial average of 9.29%. It accounted for over 22.5% of Ninh Thuan's gross regional development product (GRDP).

Notably, it has become a magnet for renewable energy enterprises, with 33 projects generating a combined capacity of 1,935 MW, or over 40% of the province's total operational energy capacity. Industrial parks, coastal tourism areas, and new urban developments are also taking shape, transforming the zone into a coordinated hub of activity.

Nam said local authorities are expediting ongoing construction projects and enhancing supervision to address challenges, with the ultimate goal of establishing the province as a national energy and renewable energy hub.

Efforts are underway to diversify tourism services, create high-end coastal destinations, and advance hi-tech agriculture. The province is also embracing digital transformation, smart urban planning, and administrative reforms to improve service quality and efficiency for citizens and businesses.

With these concerted efforts, Ninh Thuan aims to achieve an annual average growth of 25-26% during the 2024-2025 period. The economic structure is set to shift, with industry and construction contributing 57-58%, tourism and services 18-19%, and agriculture and fisheries accounting for 24-25%.

By 2025, the zone is expected to contribute 28-29% of the province's GRDP, cementing its status as the driving force behind Ninh Thuan's economic development./.

Source: VNA

See more news

Vietnam targets a US$300-billion green economy by 2050

08:55 | 05/11/2024 Economy

(VEN) - Vietnam has set ambitious goals of achieving net-zero emissions and increasing the value of its green economy from US$6.7 billion in 2020 to US$300 billion by 2050.

Numerous US businesses set to arrive in HCM City to implement signed agreements

16:21 | 04/11/2024 Economy

Leading US investment funds and over 30 businesses will visit HCM City to seek investment opportunities.

North-South high-speed railway to drive economic growth: official

14:37 | 04/11/2024 Economy

Constructing a high-speed railway from the North to the South will create momentum for economic growth, according to Deputy Minister of Planning and Investment Tran Quoc Phuong.

Ten-month results fuel confidence in surpassing growth target

14:34 | 04/11/2024 Economy

Given the 10-month performance, authorities believed Vietnam's economic growth is likely to surpass this year’s target, and more efforts are being taken to tackle bottlenecks to growth.

VN among the top three ASEAN countries in term of industrial competitiveness

11:15 | 04/11/2024 Economy

The industrial sector's share of GDP could be over 40 per cent, with the manufacturing and processing industry alone accounting for around 30 per cent of GDP.

M&A activities show signs of recovery

11:11 | 04/11/2024 Economy

Mergers and acquisition (M&A) activities in Việt Nam have been showing signs of recovery in recent months as several large companies announced finished deals.

How the US election result can impact Việt Nam's exports

11:07 | 04/11/2024 Economy

Vietnamese businesses need to step up the building of close relationships with partners and associations in the US.

High real estate credit growth raises concern

11:04 | 04/11/2024 Economy

State Bank of Vietnam (SBV)’s Governor Nguyễn Thị Hồng said real estate loans by the end of September this year were VNĐ3.15 quadrillion, up 9.15 per cent compared to the end of last year.

Local firms must increase competitiveness to cope with foreign rivals in the domestic market

10:57 | 04/11/2024 Economy

A wave of cheap goods on Chinese e-commerce platforms, such as Taobao, 1688, Shein and Temu, has forced Vietnamese businesses to adapt.

Vietnam cements ties with partners to engage in global semiconductor, AI industries

17:47 | 03/11/2024 Economy

By boosting cooperation with reputable partners across the globe, Vietnam is taking steps to gain a foothold in the world’s semiconductor and artificial intelligence (AI) industries.

Latest Most Read

Seven strategic directions to lead the nation into a new era

17:04 | 05/11/2024 Infographic

In the special feature on the new era—the era of the nation's rise—on October 31, 2024, Party General Secretary To Lam outlined seven strategic directions for the country to embark on this new phase of national development.

WB, Switzerland help boost Viet Nam’s sustainable urban development

16:53 | 05/11/2024 Society

The Swiss Government and the World Bank (WB) on Monday signed an agreement to promote green and resilient growth in Viet Nam’s major cities.

Finance ministry proposes extending environmental tax cut on fuel products in 2025

16:47 | 05/11/2024 Policy

The Ministry of Finance has proposed to continue 50 percent reduction in environmental tax on gasoline (excluding ethanol), oil, and lubricants until the end of 2025 to spur economic growth.

Workshop looks to address environmental management issues in industrial areas

16:34 | 05/11/2024 Environment

The State Audit Office of Vietnam (SAV) hosted a workshop in Hanoi on November 5, bringing together top auditors from ASEAN member states to share experience in handling environmental management challenges in industrial clusters and craft villages.

PM visits President Ho Chi Minh relic site in Kunming

16:30 | 05/11/2024 News and Events

Yunnan - Prime Minister Pham Minh Chinh and his entourage offered flowers in tribute to President Ho Chi Minh at a historical relic site dedicated to the late Vietnamese leader in Kunming city, Yunnan province on November 5, as part of their ongoing working visit to attend the 8th Greater Mekong Sub-region (GMS) Summit and hold bilateral activities in China.

Prime Minister hopes for stronger Vietnam - Qatar parliamentary ties

08:56 | 01/11/2024 Cooperation

Vietnamese Prime Minister Pham Minh Chinh met with Speaker of the Shura Council (Consultative Assembly) of Qatar Hassan bin Abdulla Al-Ghanim in Doha on October 31 as part of his official visit to the Middle Eastern country.

PM pledges to create optimal environment for Qatari investors

08:55 | 01/11/2024 Economy

PM Phạm Minh Chính, who is paying an official visit to Qatar, informed local enterprises about the outcomes of his talks and meetings with the Emir, PM, and other leaders of Qatar, noting that the two sides shared the view that the relations between the two countries are flourishing, but economic partnerships have yet to match their political - diplomatic ties.

PM calls for Qatar's support for energy development in Việt Nam

08:56 | 01/11/2024 Energy

The Vietnamese leader made the call at a reception for Saad bin Sherida Al Kaabi, Minister of State for Energy Affairs of Qatar and CEO of Qatar Energy - a state-owned oil and gas corporation in Qatar and one of the world's leading LNG producers.

Việt Nam poised to become the third-largest data centre market in ASEAN

09:03 | 01/11/2024 Economy

Việt Nam's data centre industry is set for significant expansion, driven by recent investment reforms and a commitment to enhancing digital infrastructure.

PM receives heads of leading investment firm, authority of Qatar

09:07 | 01/11/2024 Investment

Vietnamese Prime Minister Pham Minh Chinh have received leaders of the JTA International Investment Holding and the Qatar Investment Authority (QIA) in Doha as part of his official visit to the Middle Eastern country.

Multimedia

Video Longform Infographic Photo

Seven strategic directions to lead the nation into a new era

17:04 | 05/11/2024 Infographic

Delicacy of Hà Nội’s autumn

11:29 | 04/11/2024 Lifestyle

Cốm (young rice) is a delicacy of Hà Nội’s autumn, from which many popular dishes have been created, but it is also being developed in new ways by younger cooks.

Vietnam-Cuba traditional solidarity, special friendship

10:12 | 02/11/2024 Infographic

Vietnam and Cuba continue to engage in regular bilateral contacts and exchanges at various levels, particularly at the highest levels. The robust political and diplomatic relationship has facilitated significant economic and trade cooperation between the two nations. Currently, Vietnam ranks as Cuba's second-largest trade partner in Asia and stands as the largest foreign investor from the Asian region in Cuba.

Vietnam expands FTA network

09:15 | 01/11/2024 Infographic

As of October 2024, Vietnam has signed and implemented 17 Free Trade Agreements (FTAs) and is negotiating two more. Expanding its FTA network underscores Vietnam’s commitment to economic integration, offering substantial opportunities to deepen its role in global value chains, boost exports, drive GDP growth, and enhance institutional frameworks.

Vietnam – Qatar friendship and multifaceted cooperation

09:06 | 31/10/2024 Infographic

Prime Minister Pham Minh Chinh, his spouse and a high-ranking delegation of Vietnam are paying an official visit to Qatar. This is the first official visit by a Vietnamese Prime Minister to Qatar in 15 years.

Policy

Finance ministry proposes extending environmental tax cut on fuel products in 2025

16:47 | 05/11/2024 Policy

The Ministry of Finance has proposed to continue 50 percent reduction in environmental tax on gasoline (excluding ethanol), oil, and lubricants until the end of 2025 to spur economic growth.

NA deputies call for solutions to ensure the feasibility of drug prevention and control programme

17:33 | 03/11/2024 Policy

Việt Nam faces not only the risk of becoming a transit hub but also the potential of evolving into a production and distribution centre for international drug trafficking.

15th NA’s 8th session to further discuss legislative, inspection work next week

16:58 | 03/11/2024 Policy

The third working week of the 15th National Assembly (NA)’s 8th session will, between November 4 and 9, address several key issues, focusing primarily on legislative and inspection activities.

Developing education, training to serve new era of nation: PM

09:57 | 03/11/2024 Policy

PM Chính said the Party and State consistently pay attention to education and training, which are identified as a leading policy.

Industry & Trade

Efforts to bring electricity to remote villages of Ha Giang Province

15:15 | 04/11/2024 Energy

The northern province of Ha Giang has complex terrain and a sparsely populated community, which poses many challenges to infrastructure investment, particularly in bringing electricity to remote mountainous villages. However, thanks to the efforts of local authorities and the electricity sector, Ha Giang Province is gradually realising the goal of providing electricity to all highland villages.

Vietnamese F&B industry works to catch up with green consumption trend

17:38 | 03/11/2024 Industry

By promoting the use of green materials and technologies in production, Vietnam will win the world food and beverage market which is switching to the green consumption trend, according to experts.

PM calls for Qatar's support for energy development in Việt Nam

08:56 | 01/11/2024 Energy

Efforts made to create breakthrough in Vietnam's automobile industry

09:28 | 31/10/2024 Industry

The automobile industry is expected to be a locomotive that propels the development of other industries. However, after 30 years, it continues to face numerous challenges. After several missed opportunities, many people hope that the new strategy for the development of the automobile industry will provide additional support for a breakthrough.

Investment

Foxconn to invest US$80 million in Bắc Giang for chip manufacturing expansion

16:16 | 04/11/2024 Investment

Foxconn's Shunsin Technology Việt Nam is seeking an environmental permit for a US$80 million chip manufacturing project in Bắc Giang province.

Da Nang to invest additional 16 million USD into software park

17:19 | 03/11/2024 Investment

The People's Council of Da Nang city has approved the adjusted pre-feasibility study report for the development of Software Park No 2, proposed by the municipal People's Committee.

PM receives heads of leading investment firm, authority of Qatar

09:07 | 01/11/2024 Investment

Forum suggests suitable orientations for green development strategy in Lam Dong

15:44 | 31/10/2024 Investment

An investment forum entitled “Lam Dong Green Plateau — Sustainable Green Transformation: Opportunities for Investors” took place in Da Lat City, in the Central Highlands province of Lam Dong, on the afternoon of October 30.

Finance-Banking

Krungsri proposes accelerating purchase of 50% of SHBFinance’s charter capital

15:46 | 05/11/2024 Finance-Banking

Ayudhya Public Bank Limited (Krungsri), a member of Japan's MUFG Group, has proposed to the Saigon - Hanoi Commercial Joint Stock Bank (SHB) that it will speed up the acquisition of the remaining 50% of SHBFinance’s charter capital.

Finance ministry proposes two price management scenarios for year-end

10:11 | 04/11/2024 Finance-Banking

The Ministry of Finance has released two price management scenarios to control inflation until the end of the year.

Banking sector prioritises support for import-export firms

16:35 | 02/11/2024 Finance-Banking

Affordable bank credit has supported businesses in key sectors that drive the country’s economic growth, Nguyen Duc Lenh, deputy director of the State Bank of Vietnam’s Ho Chi Minh City office, told a conference on October 31.

Smart Banking 2024 workshop and exhibition held

15:32 | 31/10/2024 Finance-Banking

While accelerating digital transformation, ensuring operational safety and information security is a priority. The remark was made by Nguyen Quoc Hung, Vice Chairman and General Secretary of the Vietnam Banks’ Association (VNBA) at the Smart Banking 2024 workshop and exhibition held in Hanoi on October 29.

Environment

Workshop looks to address environmental management issues in industrial areas

16:34 | 05/11/2024 Environment

More accurate forecasts at all levels needed to reduce coastal disaster risk

15:07 | 04/11/2024 Environment

Establishing different warning levels for natural disaster risks will help minimise damage and overcome the consequences of natural disasters.

Nearly-98-million-USD environment project inaugurated in Ninh Thuan

10:13 | 03/11/2024 Environment

The Phan Rang-Thap Cham city sub-project – part of the Coastal Cities Sustainable Environment Project funded by the World Bank Group was inauguarted in the south-central province of Ninh Thuan on November 2 with improved infrastructure works that can benefit 69,000 local residents.

Northern region to experience first cold weather of this winter

14:30 | 31/10/2024 Environment

A strong cold spell is expected to intensify around next Monday, bringing scattered rain and a likelihood that the northern region will experience its first snap of lower temperatures.

Science - Technology

Technology “key” to attract FDI

09:09 | 05/11/2024 Science - Technology

(VEN) - According to Nguyen Van Toan, Vice President of the Association of Foreign Investment Enterprises (VAFIE), apart from environmental factors, technology plays an important role, not only in economic development, but also in the race to attract foreign direct investment.

HCM City partners with Google for Education in digital transformation

14:47 | 04/11/2024 Science - Technology

Tim Paolini, Director of Google for Education for Asia-Pacific and Middle East, had a working session with representatives of the Ho Chi Minh City People’s Committee on November 1 to discuss cooperation orientations for digital transformation in education.

Việt Nam develops 'purely Vietnamese' generative AI

09:45 | 01/11/2024 Science - Technology

Many businesses in Việt Nam have quickly seized the opportunity and boosted investment to master the new technology.

Vietnam’s first semiconductor expo underway in HCM City

09:36 | 01/11/2024 Science - Technology

The 2024 International Exhibition for Integrated Circuit and Semiconductor Industry (SEMICON VIETNAM), the first of its kind in the country, was opened in Ho Chi Minh City on October 31.

Society

WB, Switzerland help boost Viet Nam’s sustainable urban development

16:53 | 05/11/2024 Society

The Swiss Government and the World Bank (WB) on Monday signed an agreement to promote green and resilient growth in Viet Nam’s major cities.

VRA proposes over $7.2b for Lào Cai-Hà Nội-Hải Phòng-Quảng Ninh Railway project

09:22 | 05/11/2024 Society

The project aims to meet the growing demand for rail and to maximise the line’s capacity.

Eastern section of $1.23b southern expressway will soon be opened for use

15:03 | 04/11/2024 Society

Construction of the 57.8-km Bến Lức-Long Thành expressway began in 2014, with capital estimated at over VNĐ31.3 trillion (US$1.23 billion).

Vietnam aims to produce innovative medicines

14:53 | 04/11/2024 Society

The Ministry of Health has proposed a policy to encourage the transfer of new and innovative drugs, aiming to create more opportunities for patients.

Vietnamese Brands

190 businesses win Vietnam National Brand Award 2024

10:33 | 05/11/2024 Vietnamese Brands

A total of 359 products from 190 businesses were honoured with the National Brand Award 2024 at a ceremony held in Hanoi on November 4 evening.

Vietnamese AI firms have many chances of development

14:51 | 04/11/2024 Vietnamese Brands

Demand in the domestic market along with a series of new regulations and policies are supporting for the Vietnamese AI start-up community to develop.

Cooperatives play significant role in OCOP product development

14:45 | 04/11/2024 Vietnamese Brands

(VEN) - Vietnam has so far developed over 14,000 3-star or higher-ranking OCOP products. Specifically, 72.1 percent of the products are 3-star, 25.8 percent are 4-star, and 2.1 percent are 5-star or potential 5-star products).

Cơ Tu ethnic’s farm produce debuts in supermarket system

09:08 | 31/10/2024 Vietnamese Brands

Organic farm produce from the Cơ Tu ethnic group in the central province’s Tr’hy commune has been introduced at the Mena Gourmet Market in HCM City, marking a positive move for the community-based sustainable agriculture production among ethnic community in Tây Giang district.

Culture

Calligraphy exhibition highlights literary masterpieces

10:53 | 05/11/2024 Culture

The exhibition features 18 writers from all over the country. Each has a different profession, but they all share a love of Vietnamese calligraphy and a desire to spread this passion for art to as many people as possible.

VN int’l fashion week Fall/Winter 2024 prepares to open

11:38 | 04/11/2024 Culture

Sixteen international and Vietnamese fashion designers and brands will display their latest collections at the Aquafina Việt Nam International Fashion Week (AVIFW) Fall/Winter 2024 held in Hà Nội from November 13-16.

Delicacy of Hà Nội’s autumn

11:29 | 04/11/2024 Lifestyle

Cốm (young rice) is a delicacy of Hà Nội’s autumn, from which many popular dishes have been created, but it is also being developed in new ways by younger cooks.

$10-billion national target programme on cultural development officially proposed to parliament

18:02 | 02/11/2024 Culture

By 2030, Việt Nam will work to restore 95 per cent of special national relics (equivalent to about 127 relics) and 70 per cent of national relics (equivalent to about 2,542 relics). The cultural industry is expected to contribute seven per cent to the country's GDP.

Tourism

Time Out lists Vietnam among Top 5 Memorable Christmas Escapes in Asia

10:27 | 05/11/2024 Tourism

British magazine Time Out has unveiled a list of the Top 5 Memorable Christmas Escapes in Asia, with Vietnam and its stunning natural beauty and a distinctive heritage being placed in second position.

Foreign travellers' interest in northern regions still strong after typhoon

14:15 | 04/11/2024 Tourism

Digital travel platform Agoda has recently revealed that traveler interest in key northern regions of Việt Nam has remained encouraging following the damage wrought by Typhoon Yagi, which made landfall on September 7.

Ninh Bình Festival to boost historical heritages of VN’s former capitals

14:10 | 04/11/2024 Tourism

From November 24 to 30 in Ninh Bình City and Hoa Lư District – the former capital of Việt nation from 968 to 1009 - the festival aims to portray glorious historical milestones and 'decode' the cultural values of the ancient capital.

Halal tourism: tackling religious and cultural differences

17:57 | 02/11/2024 Tourism

Developing a domestic Halal industry catered to Muslims has been actively promoted by the Vietnamese Government in recent years. Apart from getting Vietnamese food products to meet halal standards to enter Islamic countries, halal tourism is also a new market that experts say Việt Nam should be exploring.

Ninh Thuan’s southern key economic zone drives regional growth

See also

See more news

Multimedia