Quang Ninh economic growth highest in 10 years

TPO - Quang Ninh has recorded impressive socio-economic achievements in the first 9 months of 2025. The economic growth rate (GRDP) is estimated at 11.66%, the highest level in the past 10 years.

Quang Ninh's economic breakthrough in the first 9 months saw GRDP increase to a record high in 10 years. Photo: Hoang Duong.

Outstanding growth, attracting explosive investment

Quang Ninh's growth momentum comes from the breakthrough of many economic sectors. The processing and manufacturing industry increased by 24.07% compared to the same period in 2024, while the service sector increased by 15.18%. In particular, tourism continued to be a bright spot when the province welcomed 17.11 million visitors, of which international visitors increased by 25%, bringing in an impressive total revenue of VND44,250 billion.

Regarding investment attraction, Quang Ninh also achieved "huge" numbers. Domestic non-budget investment capital reached more than 194,000 billion VND, 20 times higher than the same period. Total social investment capital is estimated at more than 82,000 billion VND, up 11.4%. These results show the attractiveness of the investment environment in Quang Ninh, especially after the bottlenecks in land use fee collection at major projects such as Ocean Park and Ha Long Xanh were removed.

At the end of 9 months, the state budget revenue in the province is estimated at 51,465 billion VND, reaching over 90% of the estimate assigned by the Central and the province at the beginning of the year. This is a remarkable figure, helping to compensate for revenues affected by the Government's tax exemption and reduction policy.

Processing and manufacturing industry increased by 24.07% over the same period in 2024. Photo: QMG.

Along with that, the favorable business environment has promoted the birth of 2,956 new enterprises and affiliated units, an increase of 41.6% over the same period. Social security is guaranteed, the fields of education, health, labor and employment are all concerned, consolidating the province's leading position in innovation and quality of life indexes.

Drastic "sprint" solutions

Despite many achievements, Quang Ninh is still aware of the shortcomings that need to be overcome, such as the GRDP growth rate has not met the set scenario and the disbursement of public investment capital is still slow. To complete the target of GRDP growth for the whole year at least 12.5%, even striving to reach 14%, the Provincial Party Committee and Provincial People's Committee have proposed key solutions for the last quarter of the year.

Speed ​​up the disbursement of public investment capital and site clearance. This is a key task emphasized by Provincial Party Secretary Vu Dai Thang. It is necessary to ensure 100% disbursement of capital according to plan and focus on site clearance for key projects, especially industrial parks.

At the end of 9 months, state budget revenue in the province is estimated at 51,465 billion VND. Photo: Hoang Duong.

Removing obstacles for investment projects: Continue to support businesses, reduce administrative procedures related to planning and investment licensing to create the most favorable conditions.

Strengthening budget revenue management: Review and analyze each revenue item and each tax to ensure correct, sufficient, and timely collection and prevent revenue loss.

Promoting tourism and services: Implement tourism stimulus activities, pilot night-time economy and complete the smart border gate project in Mong Cai.

With the strong direction of the provincial leaders and the efforts of all levels, sectors, businesses and people, Quang Ninh is showing great determination to complete the set goals, creating a solid foundation for development in the new term.

Source: https://tienphong.vn/tang-truong-kinh-te-quang-ninh-cao-nhat-10-nam-qua-post1783368.tpo