Quang Ninh adjusts GRDP growth targets for each quarter

To collect more than 100 trillion VND (3.7 billion USD) in state budget revenue this year, the provincial People’s Committee issued a decision mapping out detailed GRDP growth waypoints for each leg of the year: 12.58% in the second quarter, taking first-half growth to 11.07%; 15.48% in the third quarter, lifting nine-month growth to 12.56%; and 14.86% in the fourth quarter, yielding a full-year print of 13.21%.

Trucks carry coal mined in Quang Ninh province. (Photo: VNA)
Trucks carry coal mined in Quang Ninh province. (Photo: VNA)

Quang Ninh (VNA) – The northern province of Quang Ninh posted broad-based socio-economic expansion in the first half and is pushing to deliver full-year gross regional domestic product (GRDP) growth above 13%, an all-time high.

To collect more than 100 trillion VND (3.7 billion USD) in state budget revenue this year, the provincial People’s Committee issued a decision mapping out detailed GRDP growth waypoints for each leg of the year: 12.58% in the second quarter, taking first-half growth to 11.07%; 15.48% in the third quarter, lifting nine-month growth to 12.56%; and 14.86% in the fourth quarter, yielding a full-year print of 13.21%.

Secretary of the provincial Party Committee Quan Minh Cuong called for more aggressive measures to unlock all available resources. Top of the list is the removal of long-standing bottlenecks that have paralysed projects, particularly those tied up in land-related tangles, using entirely new approaches and delivery methods. The bet is that clearing these logjams will quickly restart stalled projects and feed directly into local growth.

Alongside a faster pace of public investment disbursement, Quang Ninh is actively scouting and harnessing new growth drivers in sectors with ample untapped potential, including energy and tourism, while continuing to invest in cultural and human development and social welfare.

With the entire political system engaged and firms and residents enlisted, the province’s emulation drive for sustainable double-digit growth in the 2026–2030 period is gaining traction, providing a powerful impetus for Quang Ninh to meet its socio-economic goals.

Industrial production and construction remained the economic backbone in the first half. Services posted robust growth, drawing over 12.4 million tourist arrivals and generating tourism revenue of nearly 35.2 trillion VND. The agro-forestry-fisheries sector held steady, with total aquatic output reaching 102,970 tonnes.

Notably, state budget revenue was estimated at 58.75 trillion VND, or 59% of the annual target and up 95% year-on-year.

Total social investment in the first half was estimated at 59.62 trillion VND, while public investment disbursement hit 97% of the six-month target. The province also broke ground on several key infrastructure and energy projects under its new growth model, laying a solid foundation for the current development cycle.

On the social front, momentum was maintained in culture, health care, education and welfare, with 14,650 new jobs created for local workers./.

VNA

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