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Ninh Binh lures VND9.1 trillion of investment

SUNday - 02/06/2013 05:18

These projects are of very large scale in the context that projects with a similar scale are getting fewer due to the economic downturn.

In particular, the largest project is the high-quality steel rolling plant to be developed by Kyoei Steel Vietnam Co. in Khanh Phu Industrial Park with a total investment of over VND3.87 trillion.

In the field of tourism, the largest project goes to the Kenh Ga 2 hot springs resort project of Thong Nhat Construction Co. with a total value of some VND3.01 trillion.

Meanwhile, in the field of agro-products, Ninh Binh Seed and Breed Corp. received a certificate for investment in a farm produce processing plant worth VND84.9 billion.

Harima Naoki, general director of Kyoei Steel Vietnam Co., said his firm was established in March 2012 and had been turned into a 100% foreign-invested company. The company has prepared site for development of its project in Ninh Binh, scheduled for completion in 2015.

Speaking at the event, Minister of Culture, Sports and Tourism Hoang Tuan Anh warned that Ninh Binh should place industrial development in harmony with preservation of cultural heritages, which is an advantage of the province.

Trang An heritage site is currently the most famous tourist destination in Ninh Binh. It is applying for UNESCO world cultural heritage status.

“Cement factories near heritage sites must not expand production. Such heritage sites belong to not only Vietnam but also the world,” the minister stressed.

Dinh Quoc Tri, vice chairman of the province, committed: “We want to achieve a harmony between industrial and tourism development.” The provincial authorities have identified tourism as the province’s strength, he added.

However, he asserted: “We will always provide an open investment environment to lure investment projects.”

Ninh Binh has attracted 27 foreign-invested projects with total pledged capital of US$938 million, earning the province the 28th rank in terms of investment attraction among localities nationwide, according to the Ministry of Planning and Investment.

In recent years, Ninh Binh has emerged as one of the top destinations for investors and tourists in the northern region thanks to its dramatic improvement in traffic infrastructure.

The provincial budget gained VND3.4 trillion in 2011, or 85 times higher than 20 years before.

Cau Gie-Ninh Binh Expressway, the first expressway in the north, has recently been inaugurated, helping shorten the time for traveling from Hanoi to Ninh Binh to less than one hour, or half of the time that one had to spend previously.

National Highway 10 connects the province with Hai Phong Port, offering opportunities for both exporters and importers.

Apart from the large-scale projects mentioned above, Ninh Binh also granted investment certificates for other projects.

Ninh Binh Machinery Manufacturing Co. will carry out the second phase of the seaport expansion project with a total budget of VND600 billion. The five-star Tam Coc-Bich Dong complex worth VND1.04 trillion will be developed by Quang Trung Mechanical Enterprise.

Cuc Phuong Tourism Service Co. will spend VND197.2 billion on Golden Cuc Phuong villa area. Meanwhile, Binh Dien Fertilizer Co. will invest in Binh Dien-Ninh Binh NPK fertilizer plant with some VND195 billion.

At the event, Ninh Binh signed a memorandum with Saigon Beer, Alcohol and Beverage Co. on investment in a beer factory. In addition, the province signed memorandums on development of Ninh Binh Happy Land entertainment project and Dai Duong hotel complex.

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