Thai Binh sees good economic signals in Q1
The northern province of Thai Binh saw positive economic signs in the first quarter of 2018, including a 20.7 percent rise in industrial production, 1.7 times higher than the growth of the same period last year.
A view of Thai Binh city (Photo: VNA)Thai Binh (VNA) – The northern province of Thai Binh saw positive economic signs in the first quarter of 2018, including a 20.7 percent rise in industrial production, 1.7 times higher than the growth of the same period last year.
According to the provincial People’s Committee, the province jumped six places in the provincial competitiveness index in 2017. Since the beginning of this year, the province attracted nearly 600 billion VND poured into 18 new projects and some ongoing ones.
Currently, Thai Binh is hosting 74 foreign direct investment projects and 10 official development assistance projects.
In the first three months of this year, Thai Binh earned nearly 300 million USD from exports, a rise of 10.8 percent year on year. Meanwhile, its imports were 290 million USD, up 7.5 percent year on year.
In the second quarter of this year, the province will focus on guiding localities in cultivating the spring-summer rice crop and implementing new-style rural area building programme in 2018.
The localities will also concentrate on removing obstacles facing industry and service development, while speeding up the formation of Thai Binh economic region as well as the investment of coastal road system and several other infrastructure projects.
The province will work to lure more investment in industry and service as well as boost production and business.
At the same time, the province will strengthen the management over land use and exert more efforts in ground clearance for investment projects.-VNA
You should also see
Vietnam an attractive destination for electronics, semiconductor investors: Official
Vietnam has strong infrastructure and research and development incentives as well as a skilled workforce, making it an attractive for “eagles” worldwide in the electronics and semiconductor industry, according to Deputy Minister of Planning and Investment Tran Duy Dong.
See more
Business
Vietnam becomes biggest rice supplier for Singapore
Vietnam has for the first time surpassed India and Thailand to become the largest rice exporter to Singapore by shipping 36.15 million SGD (26.55 million USD) worth of rice in the first three months of this year, an increase of 80.46% over the same period in 2023, winning 32.03% of the market share, according to the Vietnam Trade Office in Singapore.
Business
Cooling equipment market heats up
Many electronics supermarkets in Hanoi have launched summer promotion programmes, reducing prices for cooling equipment such as air conditioners and fans, as the weather in the north of Vietnam has just begun to be hot and sunny.
Business
Lam Dong strives to develop tea industry towards sustainable development
The Central Highlands province of Lam Dong aims to develop its tea industry to 2030 towards sustainable development by improving efficiency and fostering links between tea production, processing, and consumption. The province is also striving to replace aging tea plantations with high-quality tea varieties to enhance productivity.
Business
Vietnam treasures multifaceted cooperation with Côte d'Ivoire: Deputy FM
Vietnam always attaches importance to and wishes to bolster multifaceted cooperation with Côte d'Ivoire – its traditional friendship partner in Africa, Deputy Minister of Foreign Affairs Nguyen Minh Hang has said.
Videos
Foreign investment driven towards new breakthrough phase
Vietnam has so far drawn nearly 500 billion USD in registered FDI capital after nearly four decades of opening up its economy, with investment quality improvement considered a key task for a new breakthrough phase ahead.
