“Reaching a Decade-High Peak: This Locality Leads the Nation in GRDP Growth for the First 9 Months of the Year”

Quang Ninh Leads the Nation in Economic Growth for the First Nine Months

On October 2, the Standing Committee of the Quang Ninh Provincial Party Committee held a conference to review and discuss the socio-economic performance for the first nine months, key tasks, and solutions for the fourth quarter of 2025, along with other significant matters.

According to the conference, Quang Ninh recorded an estimated economic growth rate of 11.67% in the first nine months, ranking first among 34 provinces and cities nationwide. Notably, this is the highest growth rate the province has achieved in the past decade, with previous years ranging from 8.02% to 10.12%.

State budget revenue in the first nine months reached an impressive 51.465 trillion VND, exceeding 90% of the assigned target. Major tax and fee collections progressed well, compensating for revenue losses due to central government’s exemption and reduction policies.

Additionally, domestic non-state investment capital surged to over 194 trillion VND, 20 times higher than the same period last year. Total social investment capital reached more than 82 trillion VND, up 11.4%. The province established 2,956 new enterprises and dependent units, a 41.6% increase year-on-year.

Despite these achievements, the conference highlighted challenges that need addressing. The agriculture, forestry, fisheries, and industrial-construction sectors, along with product taxes, fell short of their growth targets.

Public investment disbursement and land clearance for project implementation and groundbreaking remain slower than planned. Land price determination, though improved, still faces delays in many projects.

Aiming for 14% or Higher Economic Growth in 2025

The Standing Committee discussed key solutions for the final quarter to achieve a minimum 12.5% GDP growth and strive for 14% or higher.

Mr. Vu Dai Thang, Secretary of the Quang Ninh Provincial Party Committee, praised the socio-economic achievements in the third quarter and the first nine months of 2025, amidst administrative restructuring. These results contributed significantly to the nation’s overall growth.

He emphasized that the last three months are crucial for meeting government targets and provincial goals. The workload is substantial, requiring greater determination and effort from all levels and sectors. The construction sector, with its large-scale projects, is expected to drive breakthroughs.

Mr. Thang directed specific tasks, including ensuring full disbursement of public investment capital. The province will launch a high-intensity campaign to accelerate public investment projects and expedite preparations for new projects.

For non-state investment projects, the province will continue to support and resolve implementation obstacles. Quang Ninh will also explore streamlining administrative procedures related to planning adjustments, investment licensing, and environmental impact assessments. The Secretary stressed the need to prioritize land clearance for industrial zone infrastructure projects to attract new investments.