Quang Ninh Province’s October 2025 Economic Highlights
The People’s Committee of Quang Ninh Province recently convened its October 2025 regular meeting to assess the province’s socio-economic development achievements over the month and the first ten months of the year.
According to the Provincial Chairman, Quang Ninh has achieved remarkable progress in October and the first ten months of 2025, marked by the implementation of numerous new initiatives and significant events.
Notably, the province’s Industrial Production Index (IIP) for October increased by 15.33% compared to the same period in 2024, with a cumulative 10-month increase of 16.17%. The manufacturing sector led this growth, recording a 36.46% surge in October and 34.16% over the ten months.
New industrial products, including cameras, photographic equipment, cooling systems, and automobiles from Thanh Cong Group, have been launched, showcasing the province’s shift toward modern, high-value manufacturing.
The service and tourism sectors continued their robust growth. Retail sales and service revenue in October rose by 18.23%, while tourist arrivals reached 1.32 million, a 17% increase year-on-year. Tourism revenue totaled VND 4,113 billion, up 26%.
Over the first ten months of 2025, Quang Ninh welcomed 18.43 million visitors, generating VND 48,362 billion in revenue—a 21% increase compared to 2024—solidifying its position as a leading tourism hub in Northern Vietnam and the country.
Ha Long Bay: A Symbol of Quang Ninh’s Tourism Growth
Alongside strong industrial and tourism growth, Quang Ninh’s trade and investment activities have seen impressive breakthroughs.
Export-import turnover increased by over 10%, and state budget revenue reached VND 67,960 billion, 123% of the central target and 54% higher than the same period in 2024.
Investment attraction yielded positive results, with October alone securing over VND 6,000 billion. Cumulatively, domestic non-state investment in the first ten months exceeded VND 204,000 billion, a 10.5-fold increase year-on-year.
Foreign direct investment (FDI) reached USD 528.65 million (VND 13,460 billion), underscoring Quang Ninh’s appeal to both domestic and international investors.
Social issues were effectively addressed, with significant progress in land clearance and material supply challenges for major projects, paving the way for year-end growth.
Quang Ninh’s Sustained Double-Digit Growth
Despite these achievements, challenges remain. Public investment disbursement remains slow, and import-export tax collection has not met targets.
Quang Ninh aims for a 12.5% GDP growth rate in 2025, as per the Government’s resolution, with an ambitious target of 14%. To achieve this, a 14.25% growth rate is required in Q4 2025.
In the first nine months, Quang Ninh’s GDP grew by 11.66%, the highest in a decade. This places Quang Ninh first among 34 provinces nationwide in GDP growth.
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Breaking News: Vingroup’s $18 Billion Mega-Project Unveils Latest Developments Under Billionaire Pham Nhat Vuong’s Leadership
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