Ninh Thuan determined to develop by clean and green economic model

TIN LIÊN QUAN
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A corner of Ninh Thuan - a beautiful tourism hotspot in Vietnam. (Photo: Dan tri)

According to the master plan of socio-economic development to 2020 approved by the Prime Minister, Ninh Thuan plans to develop under a clean and green economy model, giving priority to attracting investment in areas where there are high competitive advantages such as energy, tourism, education - training and use of clean energy... towards the goal of building Ninh Thuan to become a high-quality tourist center, a clean energy center and is a source of training quality human resources.

And in fact, thanks to making good use of available potentials, combined with favorable mechanisms and policies for investors, many projects have been successfully implemented, creating a new face for coastal land. In particular, there are large-scale projects that create pervasive power, which is expected to be the source of economic development of the province such as Phuoc Minh solar power plant combined with transmission infrastructure with a capacity of 450MW with a total investment of VND 11,482.9 billion; Trung Nam Wind Power Plant has a capacity of 151.95 MW, with a total investment of VND 5,719 billion; The Bim 2 renewable energy plant has a capacity of 250MW with a total investment of VND 4,779 billion; SunBay Park Hotel & Resort project with a total investment of VND 4,779 billion, Mui Dinh EcoPark Resort project with a total investment of phase 1 of VND 400 billion...

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Regarding attracting foreign direct investment, there are currently 34 foreign enterprises operating in Ninh Thuan with a total investment of USD 1.141.52 million, equivalent to VND 25.030.9 billion. In particular, significant contributions of investment projects of ASEAN enterprises can be included in the local development. 5 ASEAN enterprises from Thailand, Singapore and Malaysia, with total investment capital of USD 240.4 million, equivalent to VND 5,457.2 billion, operating in the field of aquatic seed production, producing electricity from wind energy and The sun, are all promising projects and follow the province's development goals.

Located in the South Central Coast region, Ninh Thuan has an important geographical position on the junction connecting the Southeast key economic region with the South Central and Central Highlands.

The land is rich and beautiful, rich in cultural history, full convergence of conditions on natural tourism resources and humanities are being planned in the direction of sustainable development, located at the center of the "triangle" tourism Nha Trang - Da Lat - Phan Thiet, with famous destinations such as Ninh Chu Beach, Vinh Hy Bay... Ninh Thuan has many advantages to develop a smokeless industry. Currently, spearhead tourism and real estate are a bright spot to attract investment in Ninh Thuan. Before the COVID-19 pandemic, the number of domestic and foreign tourists visiting and relaxing increased steadily over the years. The development of this sector has had positive impacts on local socio-economic and vice versa.

Ninh Thuan strives to become a high-quality tourist center, a clean energy center and is a source of training quality human resources.

Ninh Thuan has been approved by the Government to invest in a number of national key projects, promoting the increase of connectivity and development links with the provinces in the region and the southern key economic region. such as North-South high-speed railway, Ca Na International cargo port is one of the central seaports planned to develop into a deep-water port, with a cargo capacity of 25 million tons/year... The Port system can accommodate around 2,000 fishing boats, capable of receiving ships of up to 500 CVs.

Road network, unfavorable roads, 105.8 km long coastal route from Binh Tien to Ca Na have been completed and put into use, bringing significant significance to Ninh Thuan and many benefits. On the face of local socio-economic development, strongly contributing to the potential advantage. Cam Ranh International Airport and Ba Ngoi and Khanh Hoa cargo ports (one of the 10 major seaports of the country only over 45 km from Ninh Thuan) are a good point of traffic when coming to Ninh Thuan.

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Ninh Thuan applies investment policies in the direction of ensuring the best interests, the most convenient and simplest administrative procedures for investors who have investment projects in the area. Accordingly, the highest preferential rate in the State's framework for land lease, land allocation and corporate income tax shall be applied in accordance with the Land Law, the Law on Enterprise Income Tax and the Law on Import and Export Taxes.

Being a region with extremely difficult and difficult socio-economic conditions, investment projects in Ninh Thuan are given the preferential treatment of land rent, water surface rent and corporate income tax. The land rent and water surface rent rates of each project are stable for 5 years. The period of tax exemption or reduction is calculated continuously from the first year the enterprise has taxable income from the investment project; In case an enterprise has no taxable income in the first three years, counting from the first year it has turnover from an investment project, the time for tax exemption or reduction is counted from the fourth year.

Ninh Thuan is taking full advantage of its advantages in order to create favorable conditions to boost economic and cultural exchanges with localities and countries in the region, especially ASEAN. In order to maintain the goal of sustainable development, Ninh Thuan attaches importance and seriously to its development direction, inviting investment in green and clean industries such as renewable energy development (wind, solar, water), electrical charge, gas and electricity; high-tech agriculture, processing industry (agricultural products, aquatic products; tourism - service, supporting industry (building wind and solar power plants),...

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