Quang Ninh targets double-digit GRDP growth in 2020 hinh anh 1A corner of Van Don district (Photo: VNA)

Quang Ninh (VNA) – The northern coastal province of Quang Ninh targets double-digit growth in the gross regional domestic product (GRDP), and State budget collection of a 48 trillion VND (approximately 2 billion USD) in 2020, according to Secretary of the provincial Party Committee Nguyen Xuan Ky.

Ky said the local authorities are striving to fulfil its socio-economic development goals in the year amid difficulties caused by the COVID-19 pandemic.  

Accordingly, the locality will focus on key measures such as supporting enterprises and investors, especially those operating in mining industry, processing and manufacturing, to address difficulties facing their production and business activities.  

Attention will be also paid to reviewing the disbursement of public investment capital, and adjusting capital plans of projects that fail to meet the rate of progress of disbursement.

The coal industry continues to affirm its role as a driver to the local economic growth recovery.

Regarding the tourism sector, by focusing on stimulating domestic and local market demand, the province has set to welcome 3 million tourists in the fourth quarter.

Although affected by the COVID-19 epidemic, the economic growth of Quang Ninh still reached 6.5 percent in the first nine months of 2020.

The industry – construction sector grew 8.9 percent, remaining the role as an important contributor to the local economic growth. Meanwhile, the service and agro-forestry-aquaculture sectors rose 3.5 percent and 3.2 percent, respectively.

The State budget collection of the locality in the reviewed period was estimated at over 36.3 trillion VND, up 5.8 percent from the same period last year, in which, revenue from import and export activities reached an estimated 9.7 trillion VND and domestic revenue was about 26.6 trillion VND.

Along with promoting administrative reform and improving the business and investment environment, Quang Ninh focuses on the areas of planning, land, natural resources and environment.

It has also paid heed to accelerating land clearance and implementing key projects to create momentum for economic growth.

However, the number of tourists to Quang Ninh was only 52 percent of that in the same period last year.

Besides, preparations for public investment projects have remained limited, while the disbursement of public investment has seen changes but still slow compared to the requirement.

The number of newly-established enterprises was estimated to decrease by 15.9 percent over the same period last year, and local enterprises’ production and business have still faced difficulties.

Quang Ninh is viewed as a strategic destination in northern Vietnam and an important link in the northern economic growth triangle of Hanoi - Hai Phong - Quang Ninh.

The province possesses major advantages from Van Don district planning to become a multi-sectoral maritime economic zone and entertainment centre with a casino and high-end sea-island tourism and services. 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 high and sustainable growth, with an average annual growth rate of 10.7 percent.

It topped the PCI rankings for the third year in a row in 2019, according to the PCI 2019 report from the Vietnam Chamber of Commerce and Industry.

In addition to the PCI, Quang Ninh also led the country in the PAR Index for three consecutive years, in 2017, 2018, and 2019. The province has also been among the best performers in the SIPAS for many years and rose to the top in 2019.

It has also made great strides forward in improving governance and public administration capacity, moving from 62nd place in 2016 to third last year in Vietnam’s PAPI./.