Supporting the private economy to become a growth engine

Action Program No. 05-CTr/TU, dated August 14, 2025 of the Standing Committee of the Ninh Binh Provincial Party Committee to implement Resolution No. 68-NQ/TW, dated May 4, 2025 of the Politburo on private economic development has clearly identified the goals, requirements, tasks and implementation solutions to create a strong shift in awareness and action throughout the entire political system, promoting the private economic sector to become a growth driver, actively contributing to the socio-economic development of the province.

Son Nam Textile Joint Stock Company ( Nam Dinh ward) is one of the typical enterprises of Vietnam Textile and Garment industry; achieving high growth rate, steady in international economic integration.

Bright spot on the country's investment attraction map

In the 2020-2025 term, to welcome the investment wave and promote economic development, including the private economy, the Provincial Party Committees of the three provinces of Ha Nam , Nam Dinh and Ninh Binh (formerly) have issued many specialized resolutions, resolutely directing breakthroughs in new issues, such as: Resolution on promoting trade and service development, focusing on tourism and logistics in Ha Nam province in the period of 2021-2025, with a vision to 2030; Resolution of the Executive Committee of the Nam Dinh Provincial Party Committee on promoting administrative reform, improving competitiveness, promoting and attracting investment in the period of 2021-2025; Resolution on building Ninh Binh province into a centrally-run city with the characteristics of a millennium heritage urban area and a creative city; Resolution on the development of cultural industries in Ninh Binh province for the period 2025-2035, with a vision to 2050...

To effectively implement resolutions, clear bottlenecks, and create new growth momentum from the private economy , the Provincial Party Executive Committee, People's Councils, and People's Committees of the three provinces have focused on directing administrative reform, improving the investment and business environment, enhancing competitiveness, and digital transformation to strengthen investors' confidence in the investment and business environment, creating spillover effects and positive impacts on new investors.

Along with that, promote investment in key traffic infrastructure, develop industrial parks (IPs), industrial clusters (ICs), create clean land funds to attract investment, create favorable conditions for investors and businesses to implement projects on schedule and effectively.

During the term, the Prime Minister decided to establish Ninh Co Economic Zone, Ha Nam High-Tech Park and focus on attracting and accelerating investment in infrastructure construction of industrial parks and industrial clusters. After the merger, Ninh Binh province (new) planned 53 industrial parks with a total area of ​​12,144 hectares, of which 20 industrial parks have been put into operation with an area of ​​4,882 hectares, the average occupancy rate reached 50%. Planned 117 industrial parks with a total area of ​​5,583 hectares; of which 43 industrial parks have been established and are operating with a total area of ​​1,307 hectares; 37 industrial parks have been established but not yet put into operation with a total area of ​​2,059.7 hectares...

At the same time, the province plans and reorganizes development space based on the potential and advantages of each region, expands the scope of identifying dynamic regions and development corridors in line with the general orientation of the province, ensuring unity, synchronization, long-term, reasonable resource allocation, regional linkage and efficiency promotion.

Building Ninh Co Economic Zone into a comprehensive, multi-industry, multi-functional coastal economic zone with synchronous infrastructure, the province's marine economic center, creating development momentum for the Red River Delta and the Gulf of Tonkin economic belt.

Promote the development of modern, smart, green industry, deeply participate in the global value chain with many key industrial products with high competitiveness, affirming the role of a modern automotive mechanical industry center, information technology industry (electronics, computers), processing, manufacturing, and green materials industry of the region and the country.

Mobilizing and focusing investment resources to modernize urban infrastructure, especially building smart cities, promoting the development of inner-city traffic and connecting the three areas of Hoa Lu-Nam Dinh-Phu Ly.

The creation of a favorable investment environment is making Ninh Binh a "new star" on the national investment attraction map. According to statistics from the Department of Finance, from 2021 to the end of July 2025, the whole province has attracted 2,312 domestic projects with a registered capital of VND 889,897 billion. Of which, in industrial parks, there are 548 domestic investment projects with a total registered capital of VND 148,655 billion; outside industrial parks, there are 1,764 domestic investment projects with a registered capital of VND 741,242 billion. The number of newly registered enterprises increases by an average of 9-10% per year.

Comrade Mai Van Quyet, Member of the Provincial Party Standing Committee, Director of the Department of Finance, said: Currently, Ninh Binh province has over 23,500 enterprises operating in production and business, of which there are more than 940 large enterprises with charter capital of over 100 billion VND. Typical examples include: Thanh Cong Group, Xuan Truong Private Enterprise, Xuan Thien Group Joint Stock Company, Ha Nam Sun Joint Stock Company, Vissai Ninh Binh Joint Stock Company... The private economic sector of Ninh Binh province contributes over 50% of the total state budget revenue, creates jobs, stabilizes the lives of workers, and makes an important contribution to the socio-economic development of the province.

Nam Dinh Forestry Products Joint Stock Company is one of the leading enterprises in the wood processing industry in Vietnam, exporting to the EU, US and Japanese markets.

Unlocking resources - Breakthrough in private economic development

In addition to the achieved results, Ninh Binh province's growth has not had a truly strong breakthrough in developing the digital economy and creative economy; the proportion of the digital economy in the economic structure is still low. There are not many technology and innovation enterprises; the processing and assembly industry still accounts for a fairly large proportion; the participation level of local enterprises in the global value chain is still low; there are not many key industrial products with high added value. There is still a lack of mechanisms, policies and solutions to create breakthroughs, attract strategic investors, support and promote start-ups and implement innovation, and apply technology in production and business activities of enterprises.

To remove "bottlenecks", turn the private economic sector into a "new growth engine", actively contributing to the socio-economic development of the province, on August 14, 2025, the Standing Committee of the Ninh Binh Provincial Party Committee issued Action Program No. 05-CTr/TU to implement Resolution No. 68-NQ/TW of the Politburo on private economic development. The program clearly defines the goals, requirements, contents and implementation mechanism to create a strong shift in awareness and action throughout the political system, promoting the private economic sector to develop rapidly, sustainably and effectively. Honor, encourage and develop a strong team of entrepreneurs with patriotism, national pride, aspiration to contribute, and actively fulfill social responsibilities.

The province aims to strive for the period 2025-2030, with an average of about 3,200 new enterprises established each year; by 2030, the number of enterprises operating in the province will be about 34,000. The average growth rate of the private economic sector is about 10-12%/year; revenue from the private economic sector accounts for about 55% of the total budget revenue in the province; labor productivity increases by an average of about 9-10%/year.

Strive for the period 2031-2045, on average, about 3,300 new enterprises will be established each year; by 2045, the number of enterprises operating in the province will be about 67 thousand enterprises. Strive to have 2-3 large enterprises participating in the global value chain. The province's private economic sector will develop rapidly, strongly, sustainably, proactively participating in the global production and supply chain; have high competitiveness in the region and internationally; revenue from the private economic sector accounts for over 60% of total state budget revenue.

The Action Program has set out 8 key groups of contents (tasks, solutions), including: Renewing thinking, reaching high consensus on awareness and action, arousing national confidence and aspirations, creating new impetus and new momentum for private economic development. Promoting reform, perfecting mechanisms and policies; ensuring and effectively protecting ownership rights, property rights, freedom of business, and equal competition rights of the private economy and ensuring contract enforcement of the private economy. Facilitating the private economy's access to resources of land, capital, and high-quality human resources. Promoting science and technology, innovation, digital transformation, green transformation, effective and sustainable business in the private economy. Strengthening connections between private enterprises, private enterprises with state-owned enterprises and FDI enterprises. Forming and developing large and medium-sized enterprises, private economic groups of regional and global stature. Substantially and effectively support small and micro enterprises and business households. Promote business ethics, promote social responsibility, strongly promote the entrepreneurial spirit, and create favorable conditions for entrepreneurs to participate in national governance.

Article and photos: Viet Thang

Source: https://baoninhbinh.org.vn/tiep-suc-de-kinh-te-tu-nhan-tro-thanh-dong-luc-tang-truong-251005185336437.html