Quang Ninh Successfully Fulfills Socio-economic and Anti-Pandemic Goals

11:42:46 AM | 4/2/2021

In recent years, Quang Ninh province has focused on many effective solutions to respond to the challenges and impacts of the Covid-19 pandemic, and completed the "dual goal" of fighting the pandemic and maintaining economic and social growth in 2020.

The province successfully ensured socio-economic stability. The GDP growth was estimated at 10.05%, State budget revenue was forecast at VND49,300 billion in 2020, exceeding the target assigned by central authorities and the plan set at the beginning of the year. The industrial and construction sector of Quang Ninh posted high growth, thus compensating for the shrinking service and tourism sector. Strong stimulus measures and many new unique tourism products also helped Quang Ninh to attract 8.8 million visitors in 2020. The province continued to make great progress in improving the business investment environment, maintaining the leading position in the country in the Provincial Competitiveness Index (PCI) and the Public Administration Reform Index (PAR Index).

To achieve these results, Quang Ninh has prioritized and focused on urgent solutions to prevent the pandemic to avoid risks on efforts to create a safe environment for socio-economic recovery and development. The province has provided timely support for enterprises to complete and operate processing, electronics, audio equipment, yarn, knitting, towel and fabric production projects; added new production capacity, boosted industrial growth, and compensated for the service sector shrinkage caused by the pandemic. Specifically, the mining industry expanded by 7.1%, accounting for 17.7% of the GRDP and contributing to 39% of the province’s total budget revenue. In 2020, Vietnam National Coal, Mineral Industries Holding Corporation Limited (Vinacomin) paid an estimated VND18 trillion to the State Budget, of which nearly VND15 trillion to the Provincial Budget. Workers were paid VND12 million a month on average.

New investment projects have registered to invest over VND24 trillion, a 1.5-fold increase over the same period of 2019. The province has commenced and completed many strategic traffic projects such as Van Don - Mong Cai Expressway, Ha Long - Cam Pha coastal road. People's livelihoods have been improved. Per capita income is over US$6,700, twice that of the national average, ranking first in the northern region.

Dong Mai Industrial Park, considered to have favorable access to road, waterway and airway, now has the most synchronous infrastructure and has the highest occupancy rate in Quang Ninh province, nearly 72%. The province has attracted many environment-friendly and high-tech industrial projects from Japan, South Korea and other countries to manufacture top brands in the world. Recently, Foxconn Group in Dong Mai Industrial Park manufactured the first batch of high-tech products after one year of investment. According to investors, the added value of products made in Dong Mai Industrial Park was estimated at US$301 million in 2020 and expected to increase to US$940 million in 2021. High-tech electronics are mainly exported to big countries like the United States, Mexico and India.

In addition to developing Dong Mai Industrial Park, Quang Ninh province is focusing on building Viet Hung Industrial Park for high-tech and supporting industries to form sustainable production chains in a green growth model constituted by industrial - urban - service zones. Recently, construction began on Thanh Cong Viet Hung Auto Complex on a scale of 340 hectares. This complex will not only supply core automobile products for Thanh Cong Group, but will export auto parts to the regional and global markets. For its part, Quang Ninh province will boost regional linkages in order to optimize the increasingly synchronous and modern transport infrastructure system, create economic and competitive advantages and change the growth model from "brown" to "green".

In 2021, Quang Ninh will “maintain a safe area and growth momentum in the new normal; accelerate development speed and complete socio-economic infrastructure system; and speed up regional connectivity.” Quang Ninh expected to achieve the GRDP growth of over 10%, State budget revenue of at least VND51 trillion, and over 2,000 new enterprises. The province targets to maintain its leadership in the country in the Provincial Competitiveness Index (PCI), the Public Administration Reform Index (PAR Index), the Satisfaction Index of Public Administrative Services (SIPAS) and the Vietnam Provincial Governance and Public Administration Performance Index (PAPI).

Source: Vietnam Business Forum

Forthcoming Events