Ninh Thuan Province - Economy

Economy

Ninh Thuận is southern Vietnam's poorest and least industrialized province. Nominal per capita GDP was 6.66 million VND in 2007, half of the national average and 56% of the southcentral coast's average of 10.8 million VND. Ninh Thuận has also been the only province in the southcentral coast with an average annual GDP growth rate of less than 10% from 2000 to 2007 - at 9.4% compared to the region's average of 11.2%. While its industrial growth has been slightly above the region's average at 16.4%, it started from a very low base and therefore contributed little to overall growth. Growth in services has been at 9.8%, significantly below the region's average, while agriculture, forestry and fishing have grown at an average rate of 6.7%, somewhat higher than the average.

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