Quang Ninh’s GRDP growth ranks first in the Red River Delta

Quang Ninh province’s gross regional domestic product (GRDP) is estimated to reach 11.03 per cent in 2023, 0.74 percentage points higher than the previous year, according to Provincial Statistics Department.

Of which, agriculture, forestry, and fishery increased by 4.43%; the industry and construction sectors increased by 11,47%; the service sector increased by 12,56%. 

The province's economic scale is estimated at over 312 trillion VND (13 billion USD).

Quang Ninh’s GRDP growth ranks first in the Red River Delta and ranks third on the national scale. Its economy has seen double-digit growth for eight consecutive years.

Total state budget revenue hit an estimated VNĐ55.6 trillion by the year-end, up 3 per cent year-on-year. Of which, domestic revenue is estimated at VNĐ39.6 trillion, surging 7 per cent over the previous year while revenue from import and export activities will likely top VNĐ16 trillion.

At the same time, administrative reform and improvement of the business investment environment continue to be promoted by the province. Quảng Ninh is known as a locality with an open and favourable investment environment, wholeheartedly dedicated to businesses and investors.

The province has to date attracted $5 billion worth of investment, including $3.1 billion in foreign direct investment (FDI), temporarily securing its position as the leading province nationwide in attracting FDI this year.

It has also kept its position among the best performers nationwide in terms of the Provincial Competitiveness Index (PCI), Public Administration Reform (PAR) Index, Satisfaction Index of Public Administration Services (SIPAS), and Provincial Governance and Public Administration Performance Index (PAPI).