Favorable momentum for the 14% economic growth target

In the first quarter of 2025, most of the province's important economic indicators recorded results exceeding estimates, especially in the industries and fields that are the main growth drivers, creating a solid momentum to reach the 14% growth target for the whole year.

Bright colors

According to the report on socio -economic development in the first quarter; key tasks and solutions in the second quarter of 2025 of the province: The industrial production index in the first quarter is estimated to increase by 15.83% over the same period last year, of which the production index of the mining industry is estimated to increase by 4.15%; key industrial products such as clean coal and electricity increased by 2.6-3% compared to the plan; the processing and manufacturing industry (CNCBCT) continues to be the main growth driver of the industrial and construction sector with an estimated production index increase of 34.59%. Notably, 9/14 CNCBCT products achieved and exceeded the planned progress, such as knitted fabrics, televisions, speakers, headphones, solar panels, etc. Foxconn Group put into production 2 new products: printer circuit boards and electric chargers, contributing positively to the growth of the CNCBCT industry.

Coal production at Vang Danh Coal Joint Stock Company.

In the service sector, since the beginning of the year, with favorable weather conditions, the province has identified spring travel and festival activities as the main driving force for growth. The number of tourists to the province increased the most in March, focusing on localities with early-year festival activities such as Uong Bi, Dong Trieu, Quang Yen, Cam Pha, Van Don.... Departments and branches have implemented many synchronous solutions to promote the service sector, focusing on attracting tourists ; increasing the reception of international cruise ship tourist groups; supplementing services and tours to Bai Tu Long Bay; planning to organize more than 170 programs and events to promote Quang Ninh tourism in 2025. Tourism activities during the Lunar New Year and the 2025 festival season will ensure safety, joy and efficiency...

Total tourist arrivals to Quang Ninh in the first quarter are estimated at 5.68 million, up 6% over the same period, up 3% over the plan, ranking 3rd in the country (after Ho Chi Minh City and Hanoi ); of which international visitors are estimated at 1.17 million, overnight guests are estimated at 1.18 million, up 22% over the same period. Total tourism revenue is estimated at 13,180 billion VND, up 28% over the same period, up 8% over the plan.

Cua Ong Temple on the occasion of Lunar New Year 2025.

Agricultural, forestry and fishery production all met and exceeded the planned targets. The forest planting target encountered difficulties due to the damage caused by Typhoon Yagi, so the exploitation and preparation of land for reforestation required time; although the planted forest was lower than planned, compared to the same period, the newly planted forest area increased by 320%.

State budget revenue is a bright spot in the first quarter economic picture with estimated results of VND 13,591 billion, up 1% over the same period, up 5% over the plan. Of which, domestic revenue is estimated at VND 9,541 billion, up 10% over the same period, up 5% over the plan; revenue from taxes and fees is estimated at VND 9,267 billion, up 15% over the same period, with 12/16 revenue items exceeding and reaching the average rate.

Regarding non-budgetary investment, the province has supported and shortened the time to handle administrative procedures to ensure that new projects are eligible to start construction, such as the Lite-On Quang Ninh Factory Project Phase 1, with a total investment of 690 million USD; supported enterprises to complete administrative procedures on environment, fire prevention and control, construction acceptance... to put the project into official operation ahead of schedule; inaugurated Thanh Cong Automobile Factory; completed the review of all ongoing projects, made a list of obstacles and difficulties to focus on solving, clearly defined the responsibilities of agencies and localities, accelerated progress, focusing on key projects such as Ha Long Xanh, Ocean Park, LNG Power, and Van Ninh Port.

Mr. Gari Lin, Vice President, Director of External Relations of Lite-On Technology Group, said: During the investment process of Lite-On Quang Ninh Factory in Song Khoai Industrial Park (Quang Yen Town), the Group has received the absolute support and companionship of Quang Ninh province to be able to start the Factory in the first quarter of 2025. We strive to soon complete phase 1 of the Factory in November 2025 to put into production, making a positive contribution to increasing the value of industrial production and the export value of local goods.

Groundbreaking ceremony of Lite-On Quang Ninh Factory - Phase 1. Photo: Thu Chung

As of March 19, 2025, the province has granted 1 new project with a total investment capital of 2 million USD; adjusted 19 projects, of which 2 increased capital by 30 million USD. By the end of March, it will attract an additional 129 million USD from 6 FDI projects, bringing the total FDI capital to about 161 million USD, equal to 23.5% over the same period. Attracted foreign investment from the budget reached 5,001 billion VND, equal to 73.6% over the same period; of which, newly granted for 5 projects with a total investment of 2,217.5 billion VND, adjusted to increase capital for 4 projects with a total investment of 2,784 billion VND.

Steady acceleration

Achieving the growth target of 14%, 2% higher than the level assigned by the Central Government, is certainly not an easy task. The Provincial People's Committee has developed specific growth targets and scenarios; in which, it assigns implementation targets to each locality and facility, striving to complete the set targets for each quarter, 6 months, 9 months, and the whole year.

The province promotes the positive results achieved in the first quarter, ensures the stability of traditional growth drivers, promotes private investment and CNCBCT. It is expected that in the second quarter of 2025, 7 factories will come into operation (manufacturing heat conduction and heat dissipation equipment; lighting products; textiles; aluminum alloy wheel rims, etc.) and Thanh Cong Automobile Factory will go into commercial production. This is the main factor contributing to the growth rate of the industrial sector with an expected increase of 10.22%.

To realize the above goal, according to the leader of the Provincial Economic Zone Management Board, the Board is implementing solutions to ensure and support 7 factories to come into operation on time, adding additional capacity to the economy. At the same time, support Thanh Cong Group to put the factory into commercial production and accompany businesses in implementing Decree No. 21/2025/ND-CP of the Government related to a number of tax incentives for automobile supporting industries. Complete approval of the General Planning Task for the construction of Quang Yen coastal economic zone until 2040; complete the subdivision planning: Hai Ha Seaport Industrial Park, Mong Cai Border Gate Economic Zone, Tien Yen Industrial Park, contributing to attracting businesses and investors.

Thanh Cong Automobile Factory will go into commercial production in the second quarter of 2025. Photo: Do ​​Phuong

The second quarter has many holidays and holidays, the beginning of the summer vacation for students, which is a good time to attract domestic tourists. The number of tourists tends to increase sharply in early May and June (focusing on localities with sea and island tourists such as Ha Long, Van Don, Co To, Mong Cai). The tourism industry is promoting activities to connect with localities that have signed tourism cooperation agreements to exchange tourist sources; check and review the conditions of facilities to serve tourists; research and develop sea tourism routes, work with shipping lines; urge and coordinate with localities, agencies and units to build new tourism products; organize programs to introduce and promote Quang Ninh tourism to representative agencies, foreign organizations, and foreign business associations in Vietnam; participate in the Ho Chi Minh City Tourism Festival 2025.

The province focuses on promoting new growth drivers, mainly from key economic zones such as Ha Long, Mong Cai, Quang Yen, Van Don, etc. Specifically, Ha Long City is assigned to research and complete the overall development space of Cua Luc Bay and Hoanh Bo areas to seize new development opportunities, exploit the best potential and advantages to soon become an international service and tourism center. Regarding Mong Cai City, Mr. Hoang Ba Nam, Secretary of the City Party Committee, said: At the 2025 Spring Meeting Program between the secretaries of 5 provinces and border areas of Vietnam and China, Mong Cai proposed to build a Cross-border Economic Cooperation Zone and an Industry Cooperation Zone. Perhaps this is the ripe stage for implementation and if implemented, it will create a great driving force for development. In addition, the city actively promotes the implementation of Smart Digital Border Gate, promoting room for import and export as well as attracting tourists.

Marine economy, heritage economy, night-time economy... are identified as new growth drivers to create momentum for the province's socio-economic development.

Quang Ninh has set a target of 14% GRDP growth to contribute to the national target of 8%. Despite the great challenge, this target is still considered feasible. This is not only an acceleration step to complete the targets of 2025 and the 2021-2025 period, but also creates a solid foundation for long-term development. The figure of 14% is not simply a target, but also affirms the position of Quang Ninh as one of the important growth drivers of the Red River Delta, the key economic triangle of the North, accompanying the whole country in the new era of development.

Ngoc Anh - Thu Hoai

Source: https://baoquangninh.vn/buoc-da-thuan-loi-cho-muc-tieu-tang-truong-14-3351136.html