Quang Ninh has unveiled an ambitious economic growth scenario for 2025, projecting a 14% increase—the highest level ever to be recorded.

This growth rate surpasses the target set by the Prime Minister for the northern province (12%) and exceeds the goals outlined in the resolutions of the provincial Party Committee and the provincial People's Council regarding socio-economic development tasks for 2025.

According to the Quang Ninh Provincial People's Committee, this scenario is based on meticulous calculations of each resource and growth factor in every industry and field. The plan also includes decisive and direct solutions to address issues under the best possible implementation conditions across all three economic sectors.

To achieve the GRDP growth target of 14% in 2025, with an economic size projected to reach approximately VND395 trillion (nearly $15.6 billion), Secretary of the Quang Ninh Provincial Party Committee Vu Dai Thang emphasized the need to comprehensively tackle long-standing bottlenecks and obstacles. These include planning, site clearance, and sources of landfill. Additionally, it is crucial to promptly review and adjust regulations that are no longer suitable for the current reality.

In terms of attracting foreign direct investment (FDI) projects, the focus should be on site clearance within the planned scope of industrial zones, ensuring the province is well-prepared with land reserves to attract new investment projects.

This is especially important to capitalize on the current strong trend of investment relocation in the region. Furthermore, the province should prioritize attracting investment projects in the clean energy and renewable energy sectors.