Quang Ninh among localities with highest economic growth in H1

Northeastern Quang Ninh province’s economic growth is estimated at 10.16% in the first half of 2018, according to the provincial Department of Planning and Investment.

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A concer of Ha Long city, the capital of Quang Ninh province. (Photo: VNA)
The growth rate helps Quang Ninh rank in the leading group of provinces and cities in the northern key economic region and big localities nationwide, the department said.

This year, Quang Ninh sets an economic growth target of over 10.6 percent. To achieve the goal, the province plans to take concrete measures to boost the economic growth in the remaining months. 

It will also continue helping enterprises tackle difficulties, supporting start-up businesses and facilitating production.

The province has maintained a relatively high economic growth over the past few years. In 2017, its Gross Regional Domestic Product (GRDP) exceeded VND12.5 trillion (US$553 million), a year-on-year increase of 10.2%. The GRDP per capita reached US$4,500 per year, up 11% year on year.

The economic structure has gradually shifted towards services which rose by 14.5 percent, the highest among the local industries.

The province also saw a year-on-year expansion of 10.1 percent in total investment to VND60.6 trillion. Investors have put in a large investment to upgrade the transport system, promoting the development of Quang Ninh. 

These include Van Don airport project, with a total investment capital of nearly VND7.5 trillion, which will support the development of the Van Don special administrative and economic zone.

Other projects, like Ha Long–Hai Phong Highway and Ha Long–Van Don Highway, will create transport links in the economic triangle of Hanoi – Hai Phong – Quang Ninh and the Hanoi – Hai Phong – Ha Long – Van Don Highway to attract more investment and contribute to the local socio-economic development and the northern key economic region.

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