Quang Ninh strives to become economic spearhead

The northeastern coastal province of Quang Ninh is planned to become an economic locomotive of the North and the country by 2020 with strengths in modern services and industry, an advanced and synchoronised socio-economic and technical infrastructure, and a status of an international tourism centre. Report by Vietnam Government Portal.
The northeastern coastal province of Quang Ninh is planned to become aneconomic locomotive of the North and the country by 2020 with strengthsin modern services and industry, an advanced and synchoronisedsocio-economic and technical infrastructure, and a status of aninternational tourism centre. Report by Vietnam Government Portal.

The target is set in a master plan on the province’s socio-economicdevelopment to 2020 with a vision to 2030, recently approved by PrimeMinister Nguyen Tan Dung.

Economically, Quang Ninhprovince strives to reach an average growth rate of 12-13 percent/yearfor the 2011-2020 period while the gross domesitc product (GDP) percapita will be 3,600-4,000 USD, 8,000-8,500 USD and 20,000 USD by 2015,2020 and 2030 respectively.

It will fosterdevelopment of trade, services and especially tourism, turning itselfinto an economic locomotive pushing the northern and nationaldevelopment and a gateway for international economic cooperation,particularly that with China.

Tourism, which isexpected to become one of the major economic growth sources of theprovince by 2020 with around 10.5 million visitors, will be developedcomprehensively with a focus on available assets of cultural and worldnatural wonder heritage whilst environmental protection is enhanced.

Industrially, Quang Ninh province plans to achieve anannual 14 percent growth rate in processing and manufacturing industryby 2020 while attracting foreign investment in assembly industry,electronic manufacturing services (EMS), and promoting food processingin large-scale factories and medium and small enterprises.

Sustainable coal extraction is also a priority accompanying targets oftourism development and living standard improvement. Coal industry isexpected to grow by 3.5 percent/year in the 2011-2015 period and 3.1percent/year in the 2015-2020 period.

The provincewill supply power sustainably and stably to all households by 2015,striving to reach 25.3 percent/year growth rate to 2015 and 22.1percent/year in the 2015-2020 period.

In addition,Quang Ninh province will continue to maintain the development ofnon-metallic material extraction, construction materials, ceramics,handicrafts and engineering.

Ha Long city will bethe centre of the province’s development while western and easterncorridors will be established, together with two economic spearheads ofVan Don and Mong Cai economic zones, in order to ensure a linkage amongthe province’s localites and to promote strengths of each locality, aswell as to enhance the province’s position in the Red River delta andthe northern key economic region.

An urban network will be developed by upgrading numerous towns and regions to urban areas by 2015 and 2020.-VNA

See more

Illustrative Image (Photo: VNA)

Fuel prices cut again from 3pm on May 8

Vietnam’s retail fuel prices were reduced for the second consecutive time from 3pm on May 8, under an urgent directive issued on the same day by the Ministry of Industry and Trade (MoIT).

Deputy Prime Minister Tran Hong Ha speaks at the meeting on May 7. (Photo: VNA)

Deputy PM calls for acceleration of public capital disbursement

Seven localities with disbursement rates higher than the national average were Phu Tho (46.71%), Thanh Hoa (39.02%), Ha Tinh (29.43%), Nghe An (22.56%), Quang Binh (19.23%), Bac Giang (18%), and Hoa Binh (17.34%). Notably, the Ministry of Construction and Hanoi city had the absolute disbursement figures, over 11.82 trillion VND and nearly 9.6 trillion VND, respectively.

Illustrative photo (Photo: VNA0

Stock market upgrade expected by September

The Ministry of Finance (MoF) is actively implementing a comprehensive plan to enhance market capabilities and meet the stringent criteria set by international rating agencies such as FTSE Russell and MSCI.

Illustrative image (Photo: VNA)

Vietnamese businesses invest 309.3 million USD abroad in four months

This includes over 269 million USD poured into 43 new projects, nearly three times higher than the same period last year and an additional 40 million USD injected into 12 existing projects, 69 times higher than the amount recorded in the corresponding period of 2024.

Visitors explore products at the Ho Chi Minh City Pavilion during the Sydney Build Expo 2025. (Photo: VNA)

Vietnam impresses at Sydney Build Expo 2025 with largest-ever pavilion

Sydney Build Expo is Australia’s largest annual construction and design trade show, backed by the Mayor of Sydney and Premier of New South Wales. The expo offers a valuable platform for Vietnamese firms to explore market trends, connect with distributors and contractors, and promote their products on the global stage.

The first months of 2025 have seen increases in both new business registrations and firms returning to the market. (Photo: VNA)

Vietnam’s reform efforts boost business confidence: Official

The first quarter of this year saw the registration of 36,400 new businesses, on par with 2024 but up around 1.2 times compared to same time in the 2017–2023 period. Notably, the amount of newly-registered capital also rose by about 1.5% year-on-year.

At a WTO committee's meeting (Photo: VNA)

Vietnam attends WTO meetings on trade defence

The World Trade Organisation (WTO) committees on trade defence held a series of meetings from April 28 to May 1, the Permanent Mission of Vietnam to the United Nations, the WTO, and other international organisations in Geneva, Switzerland, announced on May 6.