(VOVWORLD) - Ninh Thuan province is the gateway connecting the Southeastern key economic region, Central Highlands, South-Central provinces, and is considered an area with advantageous potential as one of the most important regions in the national development strategy. To gain rapid and sustainable economic development, Ninh Thuan is calling for investment to turn it into an attractive destination for domestic and international investors.
 Ninh Thuan’s southern coastal economic zone will cover 439 square kilometers. (Photo: dautuvakinhdoanh.vn) |
With great potential and advantages over renewable energy, high-end tourism, marine economy, high-tech agriculture, and real estate, Ninh Thuan has long been considered a "red address" for domestic and foreign investors.
As the southern key economic region, Ninh Thuan is planning to become a coastal economic zone of Vietnam with key projects including the region’s deep-water seaport of Ca Na, Ca Na LNG power center, industrial park infrastructure, oil and gas depot, and post-salt chemical processing.
Ninh Thuan will develop and form 6 coastal urban areas and a coastal strip with spatial structure that will be developed into a mixture of urban tourism areas to the north and south of the province.
Tran Quoc Nam, Chairman of the provincial People’s Committee, said, “Together with the business community, we’ll certainly reform investment procedures, mechanisms, and policies to build more trust with investors and the business community to do business here like at home. We strongly expect investors to feel secure when coming to Ninh Thuan to produce high quality products for themselves and for Ninh Thuan.”
In recent years, Ninh Thuan has implemented multiple solutions to mobilize resources, improve the business and investment environment, and increase investment attraction in competitive fields.
Priority has been given to building coastal urban projects in line with tourism development to attract tourists.
Ninh Thuan’s potentials and strengths in marine economy and renewable energy have been recognized and highly rated by investors.
With a strategic vision for the coming period "Ninh Thuan, a land of convergence of distinctive values", will focus on developing renewable energy and clean energy; tourism; manufacturing and processing industry; high-tech agriculture; construction - real estate business. These are the industries with high potential, comparative advantages, and competitiveness.
Truong Van Tien, Deputy Director of the provincial Planning and Investment Department, said that Ninh Thuan is speeding up construction of the Ca Na deep-water port which can accommodate vessels of 300,000 tons.
“We have put into use port No1 with the capacity of receiving 100,000-ton-vessels. We’re accelerating the implementation of key projects in the south including the 1,500-MGA Ca Na LNG power center, industrial park infrastructure, and oil and gas depot, and the transport infrastructure, especially the routes connecting with Ca Na Industrial Park and Ca Na Seaport. Much focus has been made to attract investment in the energy sector,” said Tien.
He added, “Ninh Thuan province has also prioritized projects to produce aquatic breeds and apply high-tech in shrimp seed production while the processing industry and mechanical manufacturing will be developed toward clean technology.”
Ninh Thuan has targeted an average economic growth of 10.84% per year to 2030 with GRDP per capita reaching 8,000 USD; marine economy will account for 45% and 46% of GRDP; and urban economy will make up 70% of GRDP.
 Ninh Thuan is speeding up the construction of Ca Na seaport. (Photo: Doan Si/VOV) |
To that end, Ninh Thuan continues to step up economic restructuring in combination with renovating the growth model, applying science and technology, promoting innovation and digital transformation, digital economy, digital society, and improving the economy’s competitiveness.
Ninh Thuan will attract more investment and develop a number of key industries and fields with great potential - energy, renewable energy, high-end tourism, high-tech specialized agriculture, and marine and urban economy - to drive growth.
Ninh Thuan province will continue to strongly reform administrative procedures, improve the investment environment, support private economic development, and fine-tune mechanisms and policies for investment attraction.
Su Dinh Vinh, Head of the Management Board of the provincial Industrial Parks, said, “Ninh Thuan’s preferences for investors are the best in Vietnam.”
The local infrastructure is very convenient, said Vinh, taking highways and railways as an example, which all pass by all industrial zones.
“To the North, Ninh Thuan is quite near Cam Ranh port of Khanh Hoa province and has Ca Na deep-water port in the south. The three neighboring localities all have airports. It’s convenient,” Vinh concluded.
Ninh Thuan province has been maximizing resources to complete essential infrastructure in a coordinated, modern, and multi-purpose manner to fully tap its potential and advantages, drive the development of dynamic sectors, prioritize investment in transport infrastructure, seaports, irrigation, urban areas, industrial clusters, power transmission, digital information, healthcare, education, culture and tourism to meet the requirements of local socio-economic development, environmental protection, and response to climate change.
In addition, Ninh Thuan continues to reform education and training, improve the quality of human resources to serve spearhead industries.
Ninh Thuan is doing its utmost to become a leading locality in Vietnam attracting investment, and a successful destination for both domestic and foreign investors.