The industrial production value of northern Ninh Binh province is likely to reach 26 trillion VND (1.23 billion USD) by the end of 2014, over 2.2 trillion VND (142 million USD) higher than its yearly target.

The locality’s industrial production was valued at 21 billion USD (nearly 1 billion USD) in the first ten months of this year, according to the provincial Department of Planning Investment.

Its development investment capital hit 17.3 trillion VND (831 million USD), up 12.7 percent over last year’s same period. Of which, foreign direct investment (FDI) increased 37.1 percent while non-State businesses’ capital rose 38.9 percent.

To reach the 2014 economic growth target of 9.8 percent, 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 fertiliser factories.

A number of FDI-funded electronic spare parts producing and assembling projects for the Republic of Korea’s Samsung Group have been put into operation at Gian Khau industrial park in Gia Vien district, contributing to increasing the local industrial production value.

The province also worked with 51 international delegations who came to study the investment opportunities in the locality, as well as received over 210 billion VND (989,000 USD) in official development assistance and 3.2 billion VND (150,720 USD) from non-governmental aid.-VNA