Ninh Binh attracts over $2.2 bln in investment

Following a recent merger of the former provinces of Ninh Binh, Ha Nam and Nam Dinh, the newly-formed Ninh Binh province in Northern Vietnam attracted a staggering VND57.65 trillion (over $2.2 billion) in total investment capital in the first six months of 2025. This figure includes $794 million in foreign direct investment (FDI).

This remarkable success is attributed to sweeping reforms aimed at improving the investment climate, anchored in digital transformation and streamlined administrative procedures, according to local officials.

Innovative models such as the "16-Hour Green Channel" and the "50% Green Channel" play a key role in this progress, with initiatives designed to drastically cut processing times for permits in crucial sectors like investment, construction, land, and environment. These areas had historically been bottlenecks that hindered capital flow into the region.

As a result of the merger, the new province of Ninh Binh has become one of the largest provinces in Northern Vietnam, with a population of over 4.4 million and an area of nearly 4,000 sq.km, thus significantly enhancing its economic scale and appeal to investors.

The influx of capital is reflected in concrete numbers. In the first half of the year alone, the province licensed 148 new investment projects.

Alongside foreign investment, the province also saw a surge in local entrepreneurship. By the end of June, 1,376 new domestic businesses had been established with a total registered capital of over VND18.2 trillion ($696.5 million).