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.
Binh Minh Bridge spanning Cua Luc Bay in Quang Ninh province (Photo: VNA)
Quang Ninh (VNA) – 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.
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 ke𒐪y economic region./.
The northern province of Quang Ninh, which owns many tourist attractions from UNESCO-recognised World Natural Heritage Site of Ha Long Bay to beaches and islands, has seen a boom in tourism activities since the beginning of summer – the peak tourism season.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
