Ninh Binh's development investment up 6.8 percent in Q1

The total amount of development investment in northern Ninh Binh province exceeded 4.94 trillion VND (210 million USD) in the first quarter of 2020, up 6.8 percent year-on-year, according to the provincial Department of Statistics.

Ninh Binh's development investment up 6.8 percent in Q1

Stone paved along two sides of Ky lan lake, Ninh Binh city.

Of the figure, capital sourced from the State budget reached 576.4 billion VND (24.5 million USD), up 97.5 percent.

Credit capital and capital sourced from government bond issuances were 46 billion VND and 174.7 billion VND, representing 5.4-fold and 5.2-fold increases over the same period last year, respectively.

The amount of capital from the non-State sector hit 3.71 trillion VND (157.8 million USD), a year-on-year rise of 0.6 percent, while the inflow of foreign direct investment (FDI) saw a decrease of 29.1 percent to almost 391 billion VND (16.6 million USD).

Some transport and infrastructure development projects have absorbed a large sum of investment in the first quarter. They included a 130-billion-VND project to build and upgrade infrastructure in Me town (Gia Vien district); a 15-billion-VND project to build a road connecting Yen Nhan, Yen Tu, Yen Phong communes to Vac river's dyke (Yen Mo district) to serve rescue and relief operations for local people in the rainy and flood season; and a 12.5-billion-VND project to develop infrastructure in new residential areas in Gia Thinh and Gia Vuong communes of Gia Vien district.

Translated by Nguyen Thuy