Ninh Binh: Attractive investment destination

Plastic granule production at Chau Au Plastic Joint Stock Company (Dong Van II Industrial Park).

Attracting investment in the right direction

Up to now, the province has 32 industrial parks established with a total area of 7,760.8 hectares; of which 10 industrial parks have filled over 90% of the area. Thanks to careful preparation of infrastructure, administrative reform, and focusing on promoting the advantages and potentials of the province, from the beginning of the year to July 31, 2025, Ninh Binh province has attracted 108 new investment projects; the total newly registered investment capital is 898.8 million USD and 12,614 billion VND. Some projects with large total investment are: AVC Technology Vietnam Project of AVC Science and Technology Company Limited (Vietnam); Project of manufacturing, processing and assembling PCB circuit boards, implementing export and import rights of Red Board Technology Company Limited (Vietnam); total registered investment capital is: 200 million USD, 110 million USD, respectively...

Along with attracting new projects to ensure the right direction of investment attraction of the province, in the industrial parks, many large high-tech and green technology projects from large enterprises and global brands have been and are in operation, becoming the driving force for local economic development, helping the province's industry to strongly shift towards modernity, affirming a new position in the national and global value chain, making Ninh Binh an attractive destination for domestic and international investors. Large corporations and enterprises have been present in Ninh Binh such as: Wistron Infocomm Co., Ltd. (Vietnam), QMH Computer Co., Ltd., Hyundai Thanh Cong Vietnam Automobile Manufacturing Joint Stock Company, Honda Vietnam Company ...

Mr. Nguyen Hoang Anh, Head of the Management Board of Economic Zones and Industrial Parks of Ninh Binh province, said: To attract and attract businesses to invest, the province focuses on investing in synchronous and modern industrial park infrastructure, developing industrial infrastructure linked with social infrastructure; promoting administrative reform and improving the investment environment, shortening the time for processing documents, creating favorable conditions for businesses. Ninh Binh builds preferential policies to attract investment, especially for businesses in the fields of high technology, environmental friendliness and industries with high added value; supporting businesses in recruiting and training workers...

After the merger of the province, Ninh Binh continues to develop economic zones and industrial parks in a modern and sustainable direction. To ensure the successful implementation of the set goals, the province plans and attracts investment in infrastructure of industrial parks in accordance with the orientation of socio-economic development, ensuring harmony between economic growth and environmental protection, in accordance with national and international standards. For example, Kim Bang I Industrial Park is planned as a multi-industry industrial park with advanced and environmentally friendly production technology; has a synchronous and modern technical infrastructure system; Rang Dong Textile Industrial Park attracts textile and garment enterprises and textile and garment supporting industries; My Thuan Industrial Park is a multi-industry industrial park with advanced and environmentally friendly production technology... Notably, Ninh Co Economic Zone is oriented to develop into a multi-industry, multi-functional coastal economic zone, which is the nucleus to promote the economic development of Ninh Binh province and the Red River Delta region. The Economic Zone has the following projects: Xuan Thien Nam Dinh Green Steel Factory No. 1, Xuan Thien Nghia Hung Green Steel Factory, Rang Dong Textile Industrial Park Infrastructure Investment and Construction Project. The goal of Ninh Co Economic Zone is to build this place into a dynamic marine economic center, attracting investment, creating jobs and increasing income for people.

In recent years, the development of industrial parks has achieved relatively comprehensive results, contributing positively to the socio-economic development of the province. Industrial parks have attracted a large amount of investment capital from economic sectors, especially foreign direct investment, making important contributions to improving technology level, corporate governance, enhancing competitiveness, increasing export turnover, expanding international cooperation, maintaining jobs, and stabilizing income for workers inside and outside the province.

Strongly arouse the potential for industrial development

According to the Development Plan of Economic Zones and Industrial Parks approved by the Prime Minister in the planning of Nam Dinh, Ninh Binh and Ha Nam provinces (old), the period 2021-2030, with a vision to 2050, the whole province has 53 industrial parks, with a total area of 12,929 hectares and 1 coastal economic zone with an area of 13,950 hectares. Industry has developed rapidly, forming new growth drivers and clearly defining a number of key industrial products such as: automotive mechanics, electronics, computers, textiles, processing, and supporting industries. Many enterprises in industrial parks have deeply participated in the global value chain in international joint ventures and associations, increasing the benefits of Vietnam in integration, typically the Joint Venture between Hyundai Group (Korea) and Thanh Cong Group (Vietnam).

To further develop production and make industry a solid pillar, contributing to the rapid and sustainable development of Ninh Binh, immediately after the merger, the Provincial People's Committee directed departments, branches and localities to seriously and effectively receive and resolve administrative procedures for people and businesses; ensure that 100% of administrative procedure records must be updated and the settlement process monitored on the Provincial Administrative Procedure Information System according to regulations in order to exploit the potential and advantages of the province in the new era.

Currently, Ninh Binh province is actively supporting investors to accelerate construction progress and attract investment in industrial parks: Thanh Binh II (phase 1), Chau Giang II, Kim Bang I, Rang Dong Textile, My Thuan, Trung Thanh, Hong Tien, Minh Chau (phase 1), Xuan Kien (phase 1), Hai Long (VSIP Nam Dinh) phase 1, Phu Long, Tam Diep 2... and focusing on supporting Xuan Thien Group to implement projects in Ninh Co Economic Zone. Mr. Nguyen Hoang Anh added: With the orientation of innovation in attracting investment after the merger of the province, Ninh Binh focuses on attracting investment in large projects, modern technology, products with high added value and making great contributions to the State budget; Selectively attract, target new technology projects, green investment projects, create widespread connections between foreign investment and domestic economic sectors, connect global production and supply chains, promote social responsibility and environmental protection. Ninh Binh promotes the exploitation of the potential and strengths of the marine economic zone to become a dynamic economic zone, the southern growth pole of the province.

In recent years, the provinces of Nam Dinh, Ha Nam and Ninh Binh (before the merger) have focused resources on developing a series of key transport projects, helping to shorten transport time and strengthen connections with major economic centers such as Hanoi, Hai Phong, Quang Ninh and provinces in the Red River Delta. Modern transport infrastructure is making the province a focal point for attracting investment capital, and at the same time a regional connection hub, helping Ninh Binh have the potential to become a major freight transit center in the region. Industrial parks in the province are located along major transport routes, conveniently connecting with Hanoi and Hai Phong, creating conditions for optimizing supply chains and industrial production.

In particular, in the period when the province is focusing on attracting key industries such as: supporting industry, processing, pharmaceuticals; high-tech agriculture; clean production, green industry; electronics industry, semiconductor components, the development of industries with high added value will help Ninh Binh not only attract investment resources but also improve growth quality, creating a large spillover effect on the local economy. In addition, with the potential to strongly develop the marine economy when owning 90km of coastline, Ninh Binh province has favorable conditions to develop the following fields: seaport logistics industry; fisheries economy, seafood processing; marine ecotourism; offshore wind power...

With a favorable geographical location, a government that always accompanies businesses, open and attractive investment attraction policies, and modern and synchronous infrastructure of industrial parks... are favorable conditions for Ninh Binh to arouse and strongly promote its investment attraction potential and a great opportunity for the province to break through and rise up in the new era.

Article and photos: Tien Doan

Source: https://baoninhbinh.org.vn/ninh-binh-diem-den-dau-tu-hap-dan-644101.htm