In the context of the global and domestic economy still having many fluctuations, up to this point, the fact that Quang Ninh province has achieved outstanding results in state budget revenue is a clear demonstration of the locality's flexible and effective management capacity and strong resilience. With a total state budget revenue of more than 70,106 billion VND after more than 10 months, equal to 127% of the central budget estimate, 122% of the provincial budget estimate, an increase of 58% over the same period last year, Quang Ninh not only created a strong momentum to reach the highest level in 2025 but also laid a solid foundation for long-term development goals.
Leverage from outstanding budget revenue
According to a report from the Department of Finance of Quang Ninh province, as of November 10, Quang Ninh's total budget revenue exceeded the target set at the beginning of the year, reaching 70,106 billion VND, equal to 127% of the central budget estimate, 122% of the provincial budget estimate, an increase of 58% over the same period in 2024; of which, domestic revenue reached 55,875 billion VND, exceeding 49% of the central budget estimate, exceeding 41% of the provincial budget estimate, an increase of 94% over the same period last year. In the remaining days of 2025, the province is determined to set a new record in budget revenue, in which the total budget revenue of Quang Ninh for the whole year is expected to reach about 82,235 billion VND, equal to 149% of the central budget estimate, 143% of the provincial budget estimate, an increase of 53% over the same period in 2024. Of which, domestic revenue is estimated at 64,435 billion VND, import-export revenue is 17,800 billion VND. These numbers are not simply financial achievements, but are proof of the recovery and breakthrough of the local economy.
According to the assessment, the 9-month GRDP growth rate of Quang Ninh reached about 11.66%, the highest level in the past 10 years. This affirms that abundant financial resources have been and will continue to be a strong "lever" to promote production and business sectors, infrastructure investment and urban development. The strong increase in budget revenue mainly comes from domestic revenue sources, especially revenue from land use fees and taxes and fees. Quang Ninh Tax Department reported that by the end of October 2025, domestic revenue reached VND 54,285 billion, equal to 145% of the central budget estimate and an increase of 89% over the same period last year. Of which, land use fee revenue is a bright spot with VND 22,274 billion, equal to 405% of the estimate. This revenue reflects the excitement of the real estate market, the determination in auctioning and exploiting land funds and the effectiveness of large infrastructure projects. However, the province also saw certain pressures from import-export revenue when this amount only reached about VND 13,655 billion, equal to 77% of the estimate and decreased by 10% compared to the same period due to the impact of tax policies and fluctuations in the international market. A clear analysis of these bright spots and bottlenecks helps the province make timely policy adjustments to achieve the overall goal.
In addition to budget collection activities, the picture of investment and business development in Quang Ninh also made a strong impression, creating a chain of "double growth" - a strong increase in budget accompanied by effective investment and economic expansion. As of October 30, 2025, the whole province had established 1,991 new enterprises, reaching 99.55% of the yearly plan and increasing by 28.7% over the same period, with registered capital reaching about 18,323.6 billion VND. Not only the enterprise sector, the cooperative sector also had a breakthrough when the number of newly established cooperatives reached 173, an increase of 215% of the plan. This shows that the investment and business environment in Quang Ninh is truly open, transparent and an attractive destination for investors.
Mr. Chen Bin, Chairman of Xiamen Solex High-Tech Industries - an FDI enterprise specializing in manufacturing smart, high-end sanitary equipment in Deep Bac Tien Phong Industrial Park, said: Although the factory has just been inaugurated, the Company has quickly operated the entire production line, speeding up production to meet the schedule of export orders for partners in the US, Europe and Japan. What we appreciate most in Quang Ninh is the support of the government, administrative procedures are completely cut, support in site clearance and land access is very fast. This not only helps us save time but also creates great confidence to continue expanding production scale, contributing to local budget revenue through taxes and fees".
Along with the development of the non-budgetary sector, public investment activities are also strongly promoted. After adjustment and supplementation, the total public investment capital plan for 2025 of the province is 17,064 billion VND, 5,158 billion VND higher than the plan assigned by the Prime Minister at the beginning of the year of 11,906 billion VND. In the first 11 months of 2025, the whole province disbursed over 7,400 billion VND in public investment capital, reaching 62.5% of the plan assigned by the Prime Minister.
The public investment capital plan as of October 28 is 16,754 billion VND, 4,848 billion VND higher than the plan assigned at the beginning of the year. The province has disbursed over 7,400 billion VND, reaching 62.5% of the plan assigned by the Prime Minister. Although this is a great effort, this rate is still a bottleneck that needs to be thoroughly resolved in the final stage of the year, because public investment disbursement is the driving force behind aggregate demand and promotes related economic sectors. Non-budgetary investment capital also achieved outstanding results, demonstrating the attractiveness of the province. In 10 months, 320 projects were approved for investment with a total registered/adjusted capital of over 240,264 billion VND. These results are not accidental but are part of a proactive strategy to improve the effectiveness of budget revenue and expenditure management; strengthen financial discipline; and strongly combat revenue loss and tax fraud; At the same time, it has made good use of resources from land investment, real estate, tourism services and seaports. The province has actively implemented the principle of budget collection to support businesses, from disbursement of investment capital to regional linkages, from institutional innovation to digital transformation, creating a comprehensive picture for the locality to not only achieve high goals this year but also lay a solid foundation for the coming years.
Realizing resources as development driving force
However, the large budget resources are not only an advantage but also a bigger challenge: how to turn those advantages into development motivation, into reality for projects, for people, for businesses and for the future of the province. Prospects but still require great efforts because a strong increase in budget revenue does not automatically translate into development if it is not accompanied by effective management, quick disbursement, attracting quality investment and ensuring a balanced environment and society.
At a recent meeting with the Working Group on implementing tasks in the fields of finance, budget, investment and regional connectivity of the province, Comrade Bui Van Khang, Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People's Committee, Head of the Working Group, clearly emphasized this key point. He pointed out that bottlenecks such as public investment disbursement not fully meeting the plan, import-export revenue being affected by international fluctuations, or the implementation of some business support mechanisms still need to be further promoted. To turn budget collection results into development strength, Comrade Bui Van Khang requested departments and branches in the final stage of the year to focus highly on three key groups of tasks: First, speed up the progress of budget collection, especially in items with large space and not yet implemented. Second, urge the disbursement of public investment capital, ensure the transfer of capital into completed and operational projects, and not let capital stagnate. Thirdly, continue to improve the policy framework to support businesses, promote a favorable investment environment, and create the best possible conditions for production and business activities.
The Chairman of the Provincial People's Committee emphasized the spirit of "clear people, clear work, clear responsibilities": "Investors of projects must closely follow the progress, clearly assign responsibilities to people and clear work. Must promptly transfer capital from unfeasible projects to projects with good disbursement capacity, ensuring that the actual capital is disbursed 100% of the plan". This is a highly decisive direction, demonstrating the refusal to compromise with stagnant projects, in order to ensure that capital is circulated and promoted with the highest efficiency.
In addition, listening to opinions from the business community is a key factor. Mr. Nguyen Quoc Khanh, Director of LG Vietnam Branch in Quang Ninh, shared: Up to this point, the unit has completed 90% of the year's revenue. The remaining amount, equivalent to about 5 billion VND, is being deployed with many flexible solutions, focusing on consulting and developing reasonable and effective construction and installation plans for customers to close orders and complete revenue before the end of the year.
In addition to economic goals, many businesses have planned to take care of workers' lives, ensure income, give Tet bonuses and organize practical welfare, creating motivation for long-term commitment. In the economic "picture" from the beginning of the year until now, the bright spot of Quang Ninh is the stable investment and business environment, the government accompanies businesses, administrative procedures, infrastructure and services supporting production, import and export have been strongly improved. Many policies to encourage technological innovation, green transformation, and sustainable development are also being implemented synchronously, helping businesses reduce costs, improve productivity and competitiveness.
With a determined spirit, a strong financial foundation, and close direction from the provincial leaders, Quang Ninh not only completed the 2025 plan but also laid a solid foundation for a more breakthrough development period in the future, making Quang Ninh a model province in socio-economic development.
Source: https://baoquangninh.vn/quang-ninh-tang-toc-ve-dich-3387396.html
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