Ninh Binh Industrial Zones Authority: 20 years of efforts for investment attraction

10:06:57 AM | 12/8/2024

With 20 years of endeavor, construction and growth, Ninh Binh Industrial Zones Authority has excellently achieved its assigned tasks; aroused and improved the efficiency of resource use, increased export value and expanded the market, thus contributing significantly to budget revenue growth and employment and becoming a driving force for local economic development.


Mr. Pham Quang Ngoc, Chairman of Ninh Binh Provincial People's Committee awards Certificates of Merit to individuals for outstanding contributions at the 20th anniversary of the Ninh Binh Provincial Industrial Zones Authority (March 17, 2004 - March 17, 2024)

Important contributions to socioeconomic development

When it was re-established in 1992, Ninh Binh was a poor province. The economy was mainly based on agriculture and industrial production was not developed, mainly based on the exploitation of available resources.

March 17, 2004 marked an important milestone in the industrial zone construction and development in Ninh Binh province when the Prime Minister issued Decision 35/2004/QD-TTg on the establishment of the Ninh Binh Industrial Zones Authority. Since then, the model and structure of state management for industrial zones in the province were clearly formed to facilitate businesses to invest, build, operate and develop.

From an industrial park established in 2004, Ninh Binh had seven industrial parks with a total area of 1,472 ha by the end of 2023, including five in operation: Khanh Phu, Gian Khau, Tam Diep I, Phuc Son and Khanh Cu with a total planned land area of over 847 ha, of which rentable industrial area is nearly 700 ha.

To date, local IPs have attracted 122 investment projects (two industrial park infrastructure operators and 120 secondary investment projects) with a total registered capital of VND65,522.7 billion, including 33 FDI projects with US$635.66 million (VND13,755.18 billion). To date, the total disbursed capital was VND58,500 billion, or about 89% of the total pledged capital.

Some large-scale projects include CFG high-quality energy-saving glass factory, The Vissai Cement Plant, MCNEX VINA modular cameras and electronic component manufacturing factory, HTMV No. 2 factory of Hyundai Thanh Cong Vietnam Automobile Manufacturing Joint Stock Company and an automobile manufacturing and assembling factory of Hyundai Thanh Cong Vietnam Automobile Manufacturing Joint Stock Company.

Developed industrial parks have become an effective "pull force", an important catalyst and a driving force to increase more investment capital into the province. Tenants create an industrial production value of VND60-73 trillion and pay VND12-18 trillion to the state budget a year. Their June revenue was estimated at VND6,434 billion, up 62.58% year on year, bringing the January-June revenue to VND33,357.8 billion. They are employing 37,636 domestic workers, an increase of 539 workers from January 2024. They paid VND5,278 billion to the state budget.

Mr. Bui Duy Quang, Director of the Ninh Binh Industrial Zones Authority, said: This vividly demonstrates the importance of industrial parks to local socioeconomic growth and development achievements. The outcomes are the foundation and basic motivation for its employees to work harder in the coming time to make local IPs modern, ecological and sustainable. Ninh Binh will be an ideal destination for investors.


Khanh Phu Industrial Park, Ninh Binh province

Enabling businesses and investors

To become a fairly developed province by 2030 and basically meet the criteria of a centrally run city, a millennium heritage city and a creative city by 2035, Ninh Binh province is building key IPs and creating momentum for economic development.

To successfully carry out the above goals and tasks, Ninh Binh will continue to steadfastly develop the "Green, sustainable and harmonious" economy, focus on developing synchronous and modern industrial - urban - service parks, improve land use efficiency, best operate the strategic infrastructure system, and create new momentum for socioeconomic development breakthroughs. The province will accelerate investment promotion, with emphasis on luring strategic investors to build and operate industrial park infrastructure as planned.

Currently, the authority has coordinated, consulted, reviewed and completed the Ninh Binh Master Provincial Planning for the 2021 - 2030 period, with a vision to 2050. It proposed an industrial park development plan: Maintaining seven IPs approved by the Prime Minister, adding four new IPs (Phu Long, Yen Binh, Xich Tho and Gian Khau II) to bring total IPs in Ninh Binh province to 11, with a combined land area of over 2,800 ha.

Siding with businesses and investors, the Ninh Binh Industrial Zones Authority will speed up administrative reform, especially administrative procedures, reduce procedures and settlement time, perfect the organizational structure and enhance its IP management. The agency has 30 administrative procedures under its jurisdiction, all of which are available online. It has updated information and data on administrative procedures to the Provincial Electronic Single-window Software System; posted and publicized administrative procedures on its website and the province's public service portal and electronic single-window system.

From January 1, 2024 to June 27, 2024, the authority received 26 dossiers (two transferred from the previous period) and completed 22. It is processing two dossiers. No late, overdue or delayed cases are reported.

The authority continued to review and adjust established industrial park plans, with emphasis on construction investment in areas with sufficient conditions and development advantages; focused on developing specialized IPs and new IP models; improved the quality of investment attraction, prioritized the development of automobile, electronics and auto supporting industries; created a foundation for the sustainable development of key industries; selectively attracted industries with modern, advanced and eco-friendly technologies; and coordinated with infrastructure investors to promote and attract investment funds, especially in potential markets.

In recognition of its 20-year efforts for investment promotion and attraction, the Ninh Binh Industrial Zones Authority was awarded the Third Class Labor Order by the President of Vietnam in 2014 and the Second Class Labor Order in 2021 in addition to Excellent Emulation Flags and Certificates of Merit presented by the Government, the Provincial People's Committee, and the Ministry of Planning and Investment in many consecutive years

In addition, the agency paid attention to supporting licensed investors and providing legal consulting services for them. At the same time, it strengthened coordination with relevant agencies in supervision and inspection of investment, construction and environmental protection in industrial parks.

With high effort and determination, the Ninh Binh Industrial Zones Authority will continue to uphold solidarity, unity, awareness, responsibility, dynamism and creativity, and endeavor to complete its assigned tasks. The authority is determined to successfully achieve the orientations, goals, tasks and development solutions stated in the Ninh Binh Provincial Planning for the 2021 - 2030 period, with a vision to 2050.

“Doing so, the authority will modernize the province's industrial structure, increase greenness and sustainability and make Ninh Binh more prosperous and civilized,” Quang stated.

By Ngo San, Vietnam Business Forum