The upcoming investment and trade promotion conference in Ho Chi Minh City is set to be a game-changer for Ninh Thuan province. Scheduled for November 15 at the Continental Saigon Hotel, this event aims to bridge the gap between Ninh Thuan’s industrial potential and the bustling business community of Ho Chi Minh City. With the participation of key leaders from both cities and around 150 businesses and investors, this conference isn’t just another networking event; it’s a strategic move to showcase what Ninh Thuan has to offer.
Mr. Truong Van Tien, Director of the Center for Investment, Trade and Tourism Promotion of Ninh Thuan Province (ITTC Ninh Thuan), emphasized the importance of this gathering. He stated, “This conference is an opportunity for Ninh Thuan province to introduce the province’s potential, strengths, investment environment, industrial parks and clusters in the province to businesses and investors in Ho Chi Minh City.” This isn’t just about selling a location; it’s about selling an opportunity—a chance for businesses to tap into Ninh Thuan’s unique advantages.
Ninh Thuan boasts a diverse range of industry clusters, including energy, renewable energy, high-quality tourism, high-tech agriculture, and construction and real estate. This variety positions the province as a versatile player in the regional economy. The province has already established three industrial parks—Thanh Hai, Du Long, and Phuoc Nam—with a total area of 855 hectares, and Ca Na Industrial Park is on the horizon, promising an additional 827 hectares.
What’s particularly enticing for investors is the current occupancy rate of these parks. With only 21% of the new industrial parks filled, there’s ample room for growth. The rental prices are reportedly about 30% lower than those in neighboring provinces, making Ninh Thuan an attractive option for businesses looking to expand without breaking the bank.
The conference will also feature a signing ceremony for a memorandum of understanding (MOU) between Ho Chi Minh City enterprises and Ninh Thuan investors, paving the way for future collaborations. This move not only solidifies partnerships but also sends a strong message about Ninh Thuan’s commitment to fostering a conducive environment for investment.
As Mr. Tran Quoc Nam, Chairman of Ninh Thuan Provincial People’s Committee, pointed out, the province is ready to welcome investors. The infrastructure is already in place, and the government is keen on promoting these industrial parks and clusters. This proactive approach is crucial in a competitive landscape where provinces vie for investor attention.
The implications of this conference extend beyond mere investment opportunities. It signifies a shift in how provinces like Ninh Thuan are positioning themselves in the broader economic landscape. By actively engaging with the business community in Ho Chi Minh City, Ninh Thuan is not just promoting its resources; it’s fostering a culture of collaboration and innovation. The future of investment in Vietnam may very well hinge on these kinds of strategic partnerships, and Ninh Thuan is poised to be at the forefront of this evolution.
