Slow economic recovery in 2013 posed significant difficulties and challenges to business operations of enterprises, and the investment attraction of many provinces and cities. Being clearly aware of those difficulties and challenges, Ninh Binh province has focused on supporting operational enterprises and attracting new ones. Vietnam Business Forum interviewed Mr Nguyen Chi Tinh, Director of the Department of Planning and Investment, on this matter. Le Sang reports.
Could you briefly introduce major investment attraction results of Ninh Binh province in 2013?
In general, development investment in Ninh Binh has been restructured to suit development objectives on the basis of strictly and reasonably implementing flexible, prudent and effective monetary and fiscal policies and exercising thrift. The total social development investment reached nearly VND18.5 trillion (US$900 million) in the year, exceeding the yearly plan by 2.7 percent, but still short 11.5 percent from 2012. Investment capital for all objectives declined. State-owned organisations and businesses injected VND6,112.8 billion, up 12.9 percent year on year. Last year, the province also sped up the investment of seven ODA projects and granted investment certificates to 48 new projects capitalised at VND5.5 trillion (US$220 million), of which seven FDI projects accounted for US$62.69 million.

In recent years, Ninh Binh's economy has gained remarkable achievements, including high economic growth and economic structure shifting positively with an increasing proportion to industry and services.
Besides favourable factors of traffic, geography, Ninh Binh province also has appropriate resources to develop material areas for seafood processing industry, exported fruits or other types of agricultural products, handicrafts, particularly limestone resources and minerals suitable for the development of construction materials industry. Thanks to active policies in attracting investment and creating favourable conditions for enterprises to do business, Ninh Binh province has been and will be a destination for domestic and foreign investors, contributing to socio-economic development of Ninh Binh in particular and of the country in general.
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