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

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.