Ninh Binh’s IIP to exceed US$1.2 bln in 2014

16:15 | 06/11/2014

VGP – The Index of Industrial Production (IIP) of Ninh Binh Province is expected to reach US$1.23 billion by the end of 2014, as much as US$142 million higher than the target set for the year.

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The locality’s industrial production was valued at nearly US$1 billion over the past ten months of this year, according to the provincial Department of Planning and Investment.

The province’s development investment capital obtained US$831 million, a year-on-year increase of 12.7%. Of which, the Foreign Direct Investment (FDI) increased 37.1% while the non-State businesses’ capital rose 38.9%.

To reach the 2014 economic growth target of 9.8%, local authorities are actively supporting businesses to accelerate the implementation of key projects such as building rubber and plastic treatment plants, mobile phone spare parts and fertilizer factories.

By Thuy Dung