Quang Ninh to Host 200 European Billionaires
According to the Quang Ninh provincial portal, in early 2025, Ha Long City will be the venue for the “Art for Climate – Ha Long Bay 2025” festival, featuring the participation of over 200 European billionaires. The billionaires will arrive in Ha Long on mega yachts.
As shared by the Quang Ninh Tourism Promotion Center, the event is expected to attract approximately 80,000 attendees, including policymakers, local administrators, artists, environmental activists, investors, and students.
Slated for January 13-19, 2025, the “Art for Climate – Ha Long Bay 2025” festival has garnered significant international attention. This is a special decision, as Ha Long Bay was chosen as the venue instead of a Middle Eastern country as initially planned.
Arsuprema, the event organizer from France, selected Ha Long Bay not only for its natural beauty but also to convey a message about heritage conservation and environmental protection.
Ha Long Bay receives approximately 4,000 to 6,000 visitors daily, 90% of whom are international guests. Despite the impact of Storm No. 3, most activities in the bay have resumed normal operations.
In the first nine months of 2024, Ha Long City welcomed 9.2 million visitors (a 33% increase compared to the same period in 2023). International visitors reached 2.13 million (more than double the number in the previous year). Total tourism revenue is estimated at VND 20,300 billion (up 34% from 2023).
Economic Developments in Quang Ninh Province
On October 4th, the Quang Ninh Party Committee held its 56th conference to discuss the province’s performance and results in the first nine months of 2024 and outline key tasks for the fourth quarter. The conference reported an economic growth rate of 8.02% for the province, slightly lower than the expected growth rate but still a commendable achievement considering the challenges and the severe impact of Storm No. 3.
The manufacturing industry was the primary driver of growth, increasing by 20.45%, which is 4.05 percentage points higher than the same period last year. The service sector is estimated to have grown by 13.55%, an increase of 1.76 percentage points compared to the previous year.
Quang Ninh welcomed over 15.6 million tourists in the first nine months, a 20% increase year-on-year, including approximately 2.59 million international visitors. Total tourism revenue reached VND 36,856 billion, a 39% increase compared to the same period last year.
Retail sales of goods and consumer services revenue increased by an estimated 12.97% year-on-year. Revenue from transportation, warehousing, and supporting transportation services rose by 27.4% compared to the same period last year. Export turnover of enterprises in the province reached USD 2,570 million, a 13.8% increase year-on-year.
Total state budget revenue reached VND 40,479 billion, equivalent to 73% of the estimate, with domestic revenue estimated at VND 26,434 billion, or 62% of the estimate and 92% of the same period last year. In the first nine months of 2024, 1,342 new enterprises were established, a 7.6% increase compared to the same period in 2023.
The province created additional jobs for 23,500 laborers, an increase of 1,800 compared to the same period last year, achieving 78.3% of the annual plan. Total social security expenditure is estimated at VND 1,435 billion, a 38.4% increase year-on-year.
For the whole of 2024, Quang Ninh aims to maintain double-digit GRDP growth, with state budget revenue not less than VND 55,600 billion. The province targets to attract USD 3 billion in FDI and receive over 19 million tourists this year.
At the conference, the province outlined several tasks to achieve these goals, including the urgent and comprehensive implementation of solutions to support the people and businesses in recovering from the impact of Storm No. 3.
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In January 2025, a province in Vietnam is set to welcome over 80,000 visitors, including more than 200 billionaires from Europe. This influx of high-net-worth individuals presents a unique opportunity for the province to showcase its cultural and natural offerings to a global audience. With such a diverse range of visitors, the province has the chance to establish itself as a premier destination, offering a wealth of experiences that cater to a variety of interests and lifestyles. The upcoming event highlights the province’s growing appeal and its potential to captivate and enchant visitors from all walks of life.
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