In an interview with Nhan Dan Newspaper, the Director of the Department of Planning and Investment of Ninh Thuan Province, Le Kim Hoang, said that in 2024, the province approved investment policies and investors to implement 13 projects with a total registered capital of VND 32,846 billion and adjusted 53 projects with a total additional capital of about VND 18,414 billion.
Among the projects approved for investment policies are projects such as the Phuoc Hoa Pumped Storage Hydropower Project (Bac Ai District), with a total investment capital of about VND 22,865 billion; the Northwest New Urban Area Project, with a total investment capital of about VND 7,750 billion; the Social Housing Project in Thanh Hai Resettlement Area with a total capital of about VND 1,136 billion; the Phan Rang Center Project with a total investment of about 864 billion VND, with a large scale, creating a spillover effect, promoting the economic development of the province in the future.
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The transport infrastructure system in Ninh Thuan is invested relatively synchronously in terms of air, rail, road, highway and sea routes, which is very convenient to promote cooperation and regional linkage with provinces and cities in the Southeast, North Central and Central Coast regions. (Photo: NGUYEN TRUNG) |
Ninh Thuan is the gateway connecting the key economic region of the Southeast with the provinces of the South Central Highlands and South Central Coast, invested in a relatively synchronous transport infrastructure system in terms of air, rail, road, highway and sea routes, so it is very convenient to promote cooperation and regional linkage with provinces and cities in the Southeast, North Central and Central Coast regions.
Along with that, one of the province's advantage criteria is that all districts in areas with particularly difficult socio-economic conditions enjoy the highest investment incentives, so investors in the province will significantly reduce land access costs. Currently, land rental prices in industrial parks in Ninh Thuan are only 30% of the national average.
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Land rental prices in industrial parks in Ninh Thuan Province are only 30% of the national average, attracting many domestic and foreign investors to invest in industrial product processing factories. (Photo: NGUYEN TRUNG) |
Ninh Thuan also has preferential policies for preferential industries and occupations according to the provisions of the Investment Law, committed to ensuring the best interests and the most convenient and simple administrative procedures for investors.
Thanks to innovation in investment promotion, focusing on on-site investment promotion, and strongly improving the investment and business environment, the Provincial People's Committee regularly meets and discusses with businesses periodically, promptly removing difficulties for businesses, paying attention to promoting private economic development, supporting businesses to innovate and create, so Ninh Thuan is attracting many investors to the locality.
In 2024, Ninh Thuan's economic situation continues to recover stably and grow well (growth reaching 8.74%), ranking 4th out of 14 provinces in the North Central and Central Coast regions and 16th out of 63 provinces and cities nationwide.
Chairman of the Ninh Thuan Provincial People's Committee Tran Quoc Nam said that 2025 is the year of acceleration, breakthrough, and reaching the finish line. Therefore, the province will strive to achieve the highest results in the goals and targets set for 2021-2025.
To achieve the 18 socio-economic development goals set for 2025, Ninh Thuan focuses on prioritising and promoting rapid and sustainable economic growth.
Specifically, the province will restructure sectors and fields substantially and effectively in conjunction with growth model innovation, improving productivity, quality and competitiveness of the economy.
The focus is on removing bottlenecks in mechanisms and policies and speeding up the implementation of key and inter-regional infrastructure projects. In particular, focusing on building high-quality human resources to serve key sectors and fields, strongly promoting science and technology, innovation, digital transformation, and green, digital and circular economy.
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High-tech agricultural production brings high profits and is being encouraged by Ninh Thuan Province for farmers to replicate the model. (Photo: NGUYEN TRUNG) |
According to the Chairman of the Ninh Thuan Provincial People's Committee, among the 18 socio-economic development targets set for 2025 (including nine economic targets), the province strives to achieve a GRDP growth rate of about 13-14% to achieve the growth target for the entire 2021-2025 period; GRDP per capita reaches 113-114 million VND; the economic structure of the agriculture-forestry-fishery sectors accounts for 24-25%, industry-construction accounts for 42-43%, and services account for 32-33%.
The province strives for a total social investment capital of about VND 22,500 billion, an increase of nearly VND 1,500 billion compared to 2024. The contribution rate of total factor productivity (TFP) to GRDP is from 44-45%; the contribution rate of the marine economy to GRDP is from 42-43%; the growth rate of labour productivity is about 9-10%; the contribution rate of the digital economy to GRDP is about 12%, and the budget revenue is about VND 5,500 billion, an increase of more than VND 1,250 billion compared to 2024.
Accordingly, Ninh Thuan will closely follow and continue to implement three breakthroughs for development in 2024, which are accelerating the progress of key and inter-regional projects, especially infrastructure projects; perfecting mechanisms and policies to remove difficulties for key development areas; unleashing land resources that the Provincial People's Committee has directed to be concretised into programs and plans, clearly identifying the focus, key points, and implementation solutions, assigning specific tasks to each sector and each level on the completion progress as well as identifying the role of the leader to organise serious, timely and effective implementation.
At the same time, the province continues to effectively restructure the economy in conjunction with in-depth growth model innovation, application of science and technology, promoting innovation, digital transformation, developing digital economy, green economy and circular economy according to a suitable roadmap, enhancing the economy's competitiveness.
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Ninh Thuan Province's enterprises introduce special products and OCOP products to tourists. (Photo: NGUYEN TRUNG) |
Chairman of the Ninh Thuan Provincial People's Committee, Tran Quoc Nam, said that to develop sustainably, the province will continuously update developments and closely forecast the economic situation, prices, inflation, domestic and foreign markets to proactively develop scenarios and appropriate management solutions for each quarter, closely following the local practical situation, promptly adapting to difficulties and rapid, unpredictable changes in the coming time.
