Business

Quang Ninh accelerates efforts to post 12.08% Q1 growth

In February, Quang Ninh authorities rolled out synchronised measures to sustain production and business activities while ensuring a well-organised Lunar New Year for residents. The province welcomed 4.1 million visitors, including more than 1.1 million during the Tet holiday alone.

Workers of the Lioncore Vietnam Co.Ltd at Dong Mai industrial park, Quang Ninh province. (Photo: VNA)
Workers of the Lioncore Vietnam Co.Ltd at Dong Mai industrial park, Quang Ninh province. (Photo: VNA)

Quang Ninh (VNA) - Chairman of the Quang Ninh People’s Committee Bui Van Khang has reaffirmed the determination to remove bottlenecks facing major projects in order to secure an impressive 12.08% GRDP growth rate in the first quarter.

Speaking at the province’s regular February meeting to roll out key tasks for March, Khang said despite positive signals, sectors and localities must not be complacent. A key solution is to fast-track investment preparation and construction of both public investment projects and those financed outside the state budget.

In particular, the Hanoi–Quang Ninh high-speed railway project has been identified as a top priority. The provincial leader urged investors to make full use of favourable weather conditions and press contractors to mobilise maximum machinery, equipment and manpower to stay on schedule.

He also called for effective and compliant settlement of advance payments and disbursement of public investment capital for 2026, avoiding a year-end rush. The province pledged to continue reviewing and removing legal and land clearance obstacles to support the business community.

The provincial People’s Committee has set a target of about 17.23 trillion VND (661.7 billion USD) in state budget revenue in the first quarter of 2026. To achieve this, authorities are required to implement robust revenue-enhancing measures while stepping up efforts to prevent revenue losses.

In February, Quang Ninh authorities rolled out synchronised measures to sustain production and business activities while ensuring a well-organised Lunar New Year for residents. The province welcomed 4.1 million visitors, including more than 1.1 million during the Tet holiday alone. The Yen Tu historical and scenic complex received 171,000 visitors. The index of the processing and manufacturing industry rose 33.4% year-on-year, while state budget revenue in the first two months reached 12.5 trillion VND, equivalent to 73% of the Q1 revenue scenario and up 32% compared to the same period last year.

These results provide a solid foundation for Quang Ninh to fulfil its first-quarter financial targets and broader 2026 development goals./.

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