Focus on Developing Key Industries and Fields

3:49:12 PM | 6/27/2022

After 30 years of provincial reestablishment (April 1, 1992 - April 1, 2022), Ninh Thuan has one of the most impressive economic growth rates in the country. In the coming time, the province will focus on developing some key industries and fields to build Ninh Thuan into an attractive destination in the future.

Nonlogic development

Dr. Tran Dinh Thien, former president of the Vietnam Institute of Economics (VIE), said, Ninh Thuan has chosen “nonlogic development” - where “intense sunshine, strong wind and arid soil” become resources for rarely seen strong modern development. “What Ninh Thuan has made in the past years is extraordinary,” he affirmed.

When it was re-established, Ninh Thuan was a poor province and faced a lot of difficulties. Today, the province has moved towards a rapid and sustainable development with innovative strategies. In that spirit, the Party, government and people have upheld the tradition of solidarity, determination and consensus of overcoming all challenges for stronger transformation and development. It has obtained many prideworthy achievements.

The province is home to many ethnic minorities and usually struggles frequent natural disasters and droughts. Ninh Thuan is determined to take difficulties and challenges as a springboard for gradual improvement of people, especially ethnic minorities, by good implementation of Decision 1719/QD-TTg on support for infrastructure investment and human resources for ethnic minorities and mountainous areas; develop synchronous socioeconomic infrastructure, especially rural and regional infrastructure; support production and employment; and assist the poor to access policies, resources and markets for economic development.

Towards inclusive development

Experience, grit and success in the past 30-year difficult journey will help Ninh Thuan with more motivation, new spirit and strategic vision to quickly realize its set goals. With its innovative thinking and enterprising actions, provincial leaders, from generation to generation, are active and creative in administration and introduce many right policies and directions for each stage of development. Specifically, in the 2021-2030 period, Ninh Thuan aims to obtain an average economic growth of 10.84% a year. By 2030, GRDP per capita will reach VND200 million; the marine economy will make up for 45-46% of GRDP; and the urban economy will account for 70% of GRDP. “In the coming time, the province will continue to strongly reform administrative procedures, improve the investment environment and enhance provincial competitiveness; implement solutions and measures to maintain and improve PCI, SIPAS, PAPI and PAR INDEX indices. Ninh Thuan will support private economic development and perfect mechanisms and policies on investment attraction in the area,” Mr. Tran Quoc Nam, Chairman of Ninh Thuan Provincial People's Committee added.

In the coming time, the province will focus on developing a number of key industries and fields with great potential and room to create driving forces for growth, especially energy, renewable energy, high-quality tourism, high-tech agriculture, marine economy, urban economy, and southern key economic region. Ninh Thuan will give priority to investment in transport infrastructure, seaport, irrigation, city, industrial zone, power transmission, digital information, healthcare, education, culture and tourism systems to meet social, economic development requirements in couple with environmental protection and response to climate change.

Ninh Thuan will facilitate inclusive, competitive development. The province will focus on the tourism industry, with priority given to locally distinctive products, discovery tourism, cultural tourism, eco-tourism and leisure tourism. “Although Ninh Thuan's tourism industry is considered late in economic development strategies in general, with a slow but steady approach. It has demonstrated a steady and spectacular breakthrough development with a double-digit growth. Its visitor arrivals grow by 16% a year. Tourism revenue growth is averagely 17.7% a year, generating a driving force for the tourism industry and sea tourism services to further develop in the future,” he said.

Source: Vietnam Business Forum