A corner of Ha Long city, Quang Ninh province (Photo: VNA) Hanoi (VNA) – The northern province of QuangNinh is taking all-out efforts to achieve a Gross Regional Domestic Product(GRDP) growth rate of 9.6 percent in the second quarter of 2021 and 9.3 percent in the first half of the year.
The province sets for its GRDP to grow by 10.1 percentthis year.
The services sector is expected to expand 11.5 percent,industry and construction 9.1 percent, and tax revenue from goods 10.2 percentin the second quarter.
A number of measures are being undertaken to revive andboost local tourism, one of the province’s key sectors which has been hit hardby the pandemic, under the “new normal.”
The provincial Department of Industry and Trade has beenhelping local coal, electricity and cement producers tackle difficulties as theprovince plans to generate about 12.5 million tonnes of clean coal, 10.5million kWh of electricity and 879,000 tonnes of cement.
Meanwhile, the Quang Ninh People’s Committee hasrequested the provincial Economic Zone Authority to actively provide supportfor a number of foreign investors in developing ready-built factories andstorages, liquid bulk terminals and warehouses; and implementing projects.
Quang Ninh targets to attract over 48.34 trillion VND(2.1 billion USD) in investment in local industrial parks and economic zonesfrom April – June. Total State budget revenue is expected to reach 12.23trillion VND, including over 9.15 trillion VND from domestic collection andnearly 3.15 trillion VND from foreign trade.
The province also plans to disburse 50 percent of publicinvestment plan during the period.
In the first quarter of 2021, Quang Ninh’s GRDP surged9.02 percent, twice as high as the national average and the second largestamong those of provinces in the northern key economic region, only after HaiPhong, despite the fact that the third resurgence of COVID-19 in the provinceearly this year has taken some toll on its economy.
The province managed to contain the COVID-19 outbreak inthe shortest possible time. Within only a week from the first local infectionbeing reported in late January, it had completely brought the situation undercontrol, thus minimising the socio-economic impact and stabilising productionand business.
The main growth driver during the period was theprocessing and manufacturing sector, which increased 35.6 percent compared to20.8 percent in the same period last year. That contributed to a record industrial growth of 8.73percent in January-March.
Meanwhile, stable growth in agriculture, forestry, andfisheries made up for contractions in other sectors, including tourism, whichnosedived almost 50 percent in visitor number and revenue during the period.
Quang Ninh is viewed as a strategic destination innorthern Vietnam and an important link in the northern economic growth triangleof Hanoi - Hai Phong - Quang Ninh.
The province possesses major advantages from Van Dondistrict planning to become a multi-sectoral maritime economic zone andentertainment centre with a casino and high-end sea-island tourism andservices. It is also a gateway for international trade, creating unique,modern, and high-quality products that are internationally competitive.
Over the past five years, Quang Ninh has experienced highand 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 higherthan the country’s average figure.
It topped the PCI rankings for the third year in a row in2019, according to the PCI 2019 report from the Vietnam Chamber of Commerce andIndustry.
In addition to the PCI, Quang Ninh also led the countryin the PAR Index for three consecutive years, in 2017, 2018, and 2019. Theprovince has also been among the best performers in the SIPAS for many yearsand rose to the top in 2019.
It has also made great strides forward in improvinggovernance and public administration capacity, moving from 62nd place in 2016to third last year in Vietnam’s PAPI./.
The province sets for its GRDP to grow by 10.1 percentthis year.
The services sector is expected to expand 11.5 percent,industry and construction 9.1 percent, and tax revenue from goods 10.2 percentin the second quarter.
A number of measures are being undertaken to revive andboost local tourism, one of the province’s key sectors which has been hit hardby the pandemic, under the “new normal.”
The provincial Department of Industry and Trade has beenhelping local coal, electricity and cement producers tackle difficulties as theprovince plans to generate about 12.5 million tonnes of clean coal, 10.5million kWh of electricity and 879,000 tonnes of cement.
Meanwhile, the Quang Ninh People’s Committee hasrequested the provincial Economic Zone Authority to actively provide supportfor a number of foreign investors in developing ready-built factories andstorages, liquid bulk terminals and warehouses; and implementing projects.
Quang Ninh targets to attract over 48.34 trillion VND(2.1 billion USD) in investment in local industrial parks and economic zonesfrom April – June. Total State budget revenue is expected to reach 12.23trillion VND, including over 9.15 trillion VND from domestic collection andnearly 3.15 trillion VND from foreign trade.
The province also plans to disburse 50 percent of publicinvestment plan during the period.
In the first quarter of 2021, Quang Ninh’s GRDP surged9.02 percent, twice as high as the national average and the second largestamong those of provinces in the northern key economic region, only after HaiPhong, despite the fact that the third resurgence of COVID-19 in the provinceearly this year has taken some toll on its economy.
The province managed to contain the COVID-19 outbreak inthe shortest possible time. Within only a week from the first local infectionbeing reported in late January, it had completely brought the situation undercontrol, thus minimising the socio-economic impact and stabilising productionand business.
The main growth driver during the period was theprocessing and manufacturing sector, which increased 35.6 percent compared to20.8 percent in the same period last year. That contributed to a record industrial growth of 8.73percent in January-March.
Meanwhile, stable growth in agriculture, forestry, andfisheries made up for contractions in other sectors, including tourism, whichnosedived almost 50 percent in visitor number and revenue during the period.
Quang Ninh is viewed as a strategic destination innorthern Vietnam and an important link in the northern economic growth triangleof Hanoi - Hai Phong - Quang Ninh.
The province possesses major advantages from Van Dondistrict planning to become a multi-sectoral maritime economic zone andentertainment centre with a casino and high-end sea-island tourism andservices. It is also a gateway for international trade, creating unique,modern, and high-quality products that are internationally competitive.
Over the past five years, Quang Ninh has experienced highand 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 higherthan the country’s average figure.
It topped the PCI rankings for the third year in a row in2019, according to the PCI 2019 report from the Vietnam Chamber of Commerce andIndustry.
In addition to the PCI, Quang Ninh also led the countryin the PAR Index for three consecutive years, in 2017, 2018, and 2019. Theprovince has also been among the best performers in the SIPAS for many yearsand rose to the top in 2019.
It has also made great strides forward in improvinggovernance and public administration capacity, moving from 62nd place in 2016to third last year in Vietnam’s PAPI./.
VNA
