Q1 growth in Quang Ninh doubles national average

Hit hard by a resurgence of COVID-19 in the first quarter, the northern province of Quang Ninh nonetheless posted gross regional domestic product (GRDP) growth of 9.02 percent, or double the national average, data shows.
Q1 growth in Quang Ninh doubles national average ảnh 1An aerial view of Ha Long city of Quang Ninh province (Photo: baoquangninh.com.vn)

Quang Ninh (VNA) - Hit hard by a resurgence of COVID-19 in thefirst quarter, the northern province of Quang Ninh nonetheless posted grossregional domestic product (GRDP) growth of 9.02 percent, or double the nationalaverage, data shows.

This gives the province second place in terms of GRDP growth in thenorthern key economic region, following the neighbouring city of Hai Phong.

The main growth driver in the first three months was the processing and manufacturingsector, which increased 35.6 percent compared to 20.8 percent in the sameperiod last year.

That contributed to a record industrial growth of 8.73 percent inJanuary-March.

Meanwhile, stable growth in agriculture, forestry, and fisheries made upfor contractions in other sectors, including tourism, which nosedived almost 50percent in visitor number and revenue during the period.

Quang Ninh managed to contain the COVID-19 outbreak in the shortestpossible time. Within only a week from the first local infection being reportedin late January, it had completely brought the situation under control, thusminimising the socio-economic impact and stabilising production and business.

Secretary of the provincial Party Committee Nguyen Xuan Ky said theachievements in Q1 are a major source of encouragement for Quang Ninh toachieve the twin targets of fighting COVID-19 and boosting socio-economicdevelopment to post double-digit GRDP growth this year.

Q1 growth in Quang Ninh doubles national average ảnh 2A view of Ha Long Bay, a tourist magnet in Quang Ninh province (Photo: Vietnam Pictorial)

The province has set a goal to have modern industry and service sectors and become one of the region’s comprehensive and dynamic development hubs by 2025, which is part of growth targets of the province for 2020 – 2025, which were outlined in the resolution of the 15th provincial Party Congress, which took place from September 25 – 27 last year.

The other goals included building strong and transparent Party and political apparatus; promoting unity, democracy, discipline, and innovation; mobilising concerted efforts for sustainable socio-economic development; and ensuring defence and security.

Regarding economic growth, the province aims to increase its GRDP by 10 percent on an annual average during the period, and the per capita GRDP to over 10,000 USD by 2025. The urbanisation rate is expected to surpass 75 percent, while the rate of poor households to go down to below 1 percent. Quang Ninh will work to maintain its leading position nationwide concerning the provincial competitive index (PCI), public administration reform (PAR) index, Satisfaction Index of Public Administration Services (SIPAS), and Public Administration Performance Index (PAPI). By the end of 2030, the province targets to complete the new-style rural area building task.

Quang Ninh posted an estimated GRDP growth rate of 10.05 percent in 2020 despite the adverse impact of COVID-19.

In 2021, the province aims to maintain its GRDP growth rate at more than 10 percent and total state budget revenue of over 51 trillion VND.

Over the past five years, it has experienced high and sustainable growth, with an average annual growth rate of 10.7 percent. Average GRDP per capita is estimated at 6,700 USD in 2020, two times higher than the country’s average figure.

The province topped the PCI rankings for the third year in a row in 2019, according to the PCI 2019 report from the VCCI.

In addition to the PCI, Quang Ninh also led the country in the PAR Index for three consecutive years, in 2017, 2018, and 2019. The province has also been among the best performers in terms of the SIPAS for many years and rose to the top in 2019.

It has also made great strides forward in improving governance and public administration capacity, moving from the 62nd place in 2016 to third in Vietnam’s 2019 PAPI list./.

VNA

See more

Overview of the meeting (Photo: PVdrilling.com)

Domestic oil rig demand set to soar with new projects

The PV Drilling 8 rig, newly acquired in 2024, is slated to commence operations in Vietnam by September, while PV Drilling 6 will return from overseas to serve a contract at Block B – Phu Quoc in mid-2027, positioning the company for stronger revenue growth.

The Vietnam Connect Forum 2025 takes place in Hanoi on April 23. (Photo: VnEconomy)

Vietnam remains attractive destination for foreign enterprises: forum

Over nearly four decades of Doi moi, Vietnam remains consistent in encouraging foreign investment. It has continued to create an optimal investment environment by improving its legal framework, enhancing administrative reforms, and developing infrastructure and human resources.

Checking the operation of 110kV power projects in the Central Highlands provinces. (Photo: VNA)

PM urges drastic measures to ensure power supply for peak period

It noted that as ensuring national energy security and sufficient electricity supply is one of the fundamental and decisive factors for the successful implementation of the country’s socio-economic growth targets, the Government and the Prime Minister have proactively and decisively directed relevant tasks and solutions early and from afar to ensure adequate power supply.

Vietnamese Minister of Industry and Trade Nguyen Hong Dien ̣(fourth from left) holds phone talks with US Trade Representative Jamieson L. Greer on April 23 evening. (Photo: VNA)

Vietnam, US kick start bilateral economic, trade negotiations

Vietnamese ministries and sectors stand ready to address the US’s concerns and work together to find mutually beneficial solutions based on the principle of harmonised interests and shared risks, said Minister of Industry and Trade Nguyen Hong Dien.

Deputy Prime Minister Nguyen Chi Dung speaks at the Vietnam Innovation and Private Capital Investment Forum 2025 (VIPC Summit 2025) in Hanoi on April 22. (Photo: VNA)

Deputy PM commits to innovation-driven growth at VIPC Summit 2025

Vietnam identifies sci-tech, innovation, and digital transformation as key economic drivers over the next decade, Deputy PM Dung said, noting that Vietnam’s strategic appeal to global tech giants is bolstered by a major shift in global supply chains, allowing the country to expand its manufacturing footprint in electronics, semiconductors, and AI.

A customer buys gold at a Bao Tin Minh Chau store in Hanoi (Photo: VNA)

Gold price hits new record

At 10am on April 22, Saigon Jewelry Company (SJC) listed gold bar prices at 120.5-122.5 million VND per tael.

A shopping centre in HCM City. The affordable and mid-range segments will remain pivotal in the city's retail property. (Photo: VNA)

HCM City retail property market faces challenges

New retail malls are consistently being introduced in districts outside the central areas, offering a wide array of business models. This trend is gradually transforming traditional street-front retail, which is under significant pressure from the growing e-commerce sector.

The event "The Essences of Vietnam Fruits" promotes typical fruits of localities across Vietnam. (Photo: congthuong.vn)

High-quality Vietnamese fruits to be showcased in Hanoi

Each displayed product will have a QR code which helps visitors easily access detailed relevant information, such as product origin, growing area, production and preservation processes, and official sales addresses.

A worker checks information on product origin at Dong A steel factory (Photo: www.sggp.org.vn)

Vietnam tightens product origin rules to boost global trade edge

As Vietnam deepens its integration into the global economy through more than 15 free trade agreements (FTAs), including the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the EU-Vietnam Free Trade Agreement (EVFTA), origin transparency has become a non-negotiable requirement to access tariff preferences and avoid trade defence measures.