Thai Binh sees good economic signals in Q1 hinh anh 1A 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