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.
Read more about this topic: Ninh Thuan Province
Famous quotes containing the word economy:
“The counting-room maxims liberally expounded are laws of the Universe. The merchant’s economy is a coarse symbol of the soul’s economy. It is, to spend for power, and not for pleasure.”
—Ralph Waldo Emerson (1803–1882)
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)
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—Henry David Thoreau (1817–1862)