Ninh Binh eyes industrial zone push

15:00 | 11/11/2022 Industry Follow Ven.vn on

(VEN) - Vietnam Economic News’ Viet Nga & Hoang Lan spoke with Bui Quang Hung, Deputy Director of the Ninh Binh Province Department of Industry and Trade, about development of industrial zones (IZs) for small and medium-sized businesses.

Bui Quang Hung, Deputy Director of the Ninh Binh Province Department of Industry and Trade

What is your assessment of IZ development in Ninh Binh Province?

Under a plan to 2025, Ninh Binh Province will be home to 25 industrial zones for small and medium-sized enterprises, with a total area of more than 1,000 hectares. The provincial people's committee has already decided to establish 18 IZs, 14 of which have been put into operation, attracting over 200 enterprises totaling almost VND20 trillion in registered capital, reaching an average occupancy rate of 70 percent and providing more than 28,000 jobs.

IZs have increased the provincial industrial production value, while IZ-based enterprises have created new and vital products, including those serving automobile and electronics manufacturing. Provincial IZs have also attracted large foreign enterprises.

What difficulties is Ninh Binh facing in IZ development?

IZ management and development regulations remain inconsistent and non-compliant with guiding documents of investment, construction, and natural resources and environment sectors. The post-IZ establishment investment lags behind, and the province is still finding it hard to raise capital for infrastructure development in IZs formed before Prime Ministerial Decision 105/2009/QD-TTg on IZ management was issued.

How do the inconsistent laws and polices affect IZ management and development?

In many localities, investor selection, infrastructure development and other policies do not comply with those of the government. The provincial Department of Industry and Trade will urge IZ management and development law and policy amendment and improvement. To help ease the problem, Ninh Binh Province selects IZ infrastructure investors in accordance with the Law on Investment and the Law on Construction.

How can the role of the industry and trade sector in IZ management and investment be improved?

IZ management and development should be a task of the industry and trade sector. The province has directed its Department of Industry and Trade to review IZ and IZ-based enterprises and encourage them to suggest solutions to problems. Ninh Binh has preferential transport and electricity policies to attract investors to provincial IZs.

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