An automobile production line at Hyundai Thanh Cong, a joint venture between Thanh Cong Group and the Republic of Korea's Hyundai Motor Group in Gian Khau Industrial Zone in northern province of Ninh Binh. Ninh Binh (VNS/VNA) - The northern province of Ninh Binh willfocus its investment in projects with high value and welcome investors with newideas or breakthroughs in technology to promote its vast development potential.
Dinh Van Dien, chairman of the provincialPeople’s Committee, said the province is committed to offering support on keyprojects including infrastructure development, high-tech technology andenvironmental friendly schemes in accordance with current State regulations.
Nguyen Cao Son, director of Ninh Binh province’sDepartment of Planning and Investment, said the province has attracted 55Foreign Direct Investment (FDI) projects, worth more than 1.25 billion USD.
The projects in the province are mostlytextiles, manufacturing and auto assembly.
Investors from 11 countries and territorieshave invested in Ninh Binh including the Republic of Korea, mainland China,Taiwan (China), Singapore and Japan.
Most of FDI projects have been implementedeffectively with revenue increasing each year, Son said.
The FDI inflow to the province reached 69.15million USD in the first half of this year, an increase of 44.7 million USD comparedwith the same period last year.
The revenue brought by FDI enterprises hasrisen to 436 million USD, up 13.5 percent over last year’s figure.
The projects also created jobs for almost40,000 workers mainly in the textiles and footwear industry.
Dien attributed this to the ongoing effortsto foster administrative reforms, improve investment climate, accelerateinvestment promotion and resolve difficulties for investors.
Identifying tourism as key economic sector,the province has set up key tourist areas such as Tran An, Tam Coc-Bich Dong,Hoa Lu Ancient Capital, Phat Diem Church to attract investment in this area, hesaid.
In order to attract more FDI capital in thefuture, he said the province would focus on a number of measures includingdeveloping infrastructure for industrial zones like Gian Khau, Khanh Phu, Tam Diep,Khanh Cu and Phuc Son.
In addition, the province would focus onhigh-quality human resources training, encouraging collaboration betweenenterprises and colleges and vocational training centres to meet employee’sdemand.
The province has requested the relevantdepartments to review administrative procedures, implementing one-door policywith a view to reduce time-consuming and cost for enterprises, he said.
To make it easier, it was necessary thatinvestors be provided with updated information on its industrial developmentstrategies, land and warehouse rental fees in its industrial clusters, Dien said.-VNS/VNA
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