On July 10, the People's Committee of Ninh Thuan province reported on the socio-economic development, investment attraction, and business development in the first 6 months of 2024.
The total number of enterprises operating in the province as of June 30, 2024, is 4,492 enterprises with a total investment capital of VND 93,813 billion.
In the first 6 months of 2024, there were 204 newly established enterprises with a total capital of VND 1,877.6 billion, a decrease of 6% in the number of enterprises; the number of enterprises temporarily suspending operations increased by 10.1%; the number of enterprises returning to the market decreased by 22.2% over the same period.
In addition, in the first 6 months of 2024, Ninh Thuan province organized the signing of cooperation agreements with provinces in the region and international organizations to support the effective exploitation of advantages to promote socio-economic development; issued investment policy decisions and adjusted investment policies for 29 projects/32,345 billion VND.
According to the People's Committee of Ninh Thuan province, in addition to the results achieved in attracting investment and developing enterprises, the locality has also identified a number of difficulties and limitations in economic development and business activities. That is, economic growth has not reached the set target; the implementation of a number of key projects and works on tourism ; urban areas; seaports; and transportation still faces many difficulties and obstacles, and progress is slow.
In addition, the business situation showed signs of recovery in May and June, but business operations still faced many difficulties. The number of businesses returning to the market decreased by 22.2%; the number of businesses temporarily suspending operations increased by 10.1%; the number of newly established businesses decreased by 6%...
From these shortcomings, Ninh Thuan province will continue to review and remove limitations and shortcomings in mechanisms, policies and laws according to its authority or promptly report to competent authorities to resolve issues beyond its authority, especially those related to investment and business activities, focusing on policies related to investment procedures, planning, land, access to credit capital, land; overlaps, shortcomings, and lack of synchronization between plans; administrative procedures; site clearance, etc.
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