Quang Ninh posts fourth fastest growth in Red River Delta

The gross regional domestic product (GRDP) in the northern province of Quang Ninh expanded at an estimated 9.02% year on year during the first half of 2024, ranking fourth in the Red River Delta and eighth nationwide.
Quang Ninh posts fourth fastest growth in Red River Delta
Binh Minh Bridge spanning Cua Luc Bay in Quang Ninh province. (Source: quangninhonline)

The processing - manufacturing industry is a bright spot in the local economy, with an estimated growth rate of 23.05%, 10.3 percentage points higher than that in the same period of 2023, statistics showed.

Total investment in the business sector has risen 5.6% from a year earlier to surpass 48 trillion VND (1.9 billion USD).

More than 1.5 billion USD in foreign direct investment (FDI) has been poured into Quang Ninh between January and June, equivalent to 51% of this year’s target.

Meanwhile, over 30.77 trillion VND has been collected for the State budget, representing 55% of the annual target.

As many as 795 businesses have started up, an increase of 12.6% year on year, while 17,400 new jobs been created during the period, local authorities said.

For 2024, the province targets a double-digit GRDP growth rate, at least 55.6 trillion VND in State budget collection, a rise of over 10% in total investment in society, and at least 3 billion USD in FDI attracted.

Quang Ninh forms one of the three nuclei, aside from Hanoi and Hai Phong City, of the northern key economic region.

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(Source: VNA)