Hanoi (VNS/VNA) - Quang Ninh has set an ambitious gross regional domestic product (GRDP) growth target of 14% for 2025, exceeding the rate assigned by the Prime Minister Pham Minh Chinh and 2 percentage points higher than the province’s previous resolutions.
This highest-ever growth scenario was outlined by the Standing Committee of the Provincial Party Committee during a meeting on February 11.
Secretary of the provincial Party Committee Vu Dai Thang emphasised that achieving this target would require Quang Ninh’s economy to reach approximately 395 trillion VND (15.4 billion USD) in 2025, demanding maximum efforts from the entire political system, businesses and residents.
To support this growth, Quang Ninh will focus on accelerating investment and resolving bottlenecks in areas such as planning, land clearance, land resources and outdated regulations.
The province has prioritised speeding up public investment disbursement from the beginning of the year while providing maximum support for private-sector projects, particularly in real estate and industrial development.
It also aims to clear land for industrial parks to attract foreign direct investment (FDI), especially in renewable energy projects. Meanwhile, the tourism sector has set a target of welcoming 20 million visitors in 2025, generating revenue of 55 trillion VND through major events and the development of new tourism products.
Industry and construction remain the key drivers of economic growth. One of the major industrial goals is to launch commercial production at the Thanh Cong Viet Hung automobile plant in 2025, with an annual capacity of 20,000 vehicles. Additionally, projects by Foxconn, Lite-On, TCL, and other manufacturing enterprises will be closely monitored to ensure timely implementation.
In construction, Quang Ninh aims to mobilise over 120 trillion VND in social investment in 2025 to drive socio-economic development.
Beyond 2025, the province is working on long-term development strategies, including urban expansion around Cua Luc Bay to enhance Ha Long’s competitive edge. Additionally, authorities are finalising a proposal for a special administrative mechanism for Van Don Economic Zone.
Quang Ninh will also intensify efforts in scientific research, technological innovation, and digital transformation, in line with Resolution 57-NQ/TW./.
