Quang Ninh reinforces economic pillars to maintain double-digit growth

To achieve a double-digit growth rate and budget revenue of 51 trillion VND (over 2.2 billion USD) this year, the northern province of Quang Ninh is working to sustain the productivity of its economic pillars.
Quang Ninh reinforces economic pillars to maintain double-digit growth ảnh 1Coal is loaded on to a ship for transportation in Quang Ninh province (Photo: VNA)
Quang Ninh (VNA) – To achieve a double-digit growth rate and budget revenue of 51 trillionVND (over 2.2 billion USD) this year, the northern province of Quang Ninh isworking to sustain the productivity of its economic pillars.

Authorities are takingactions to address market-related difficulties and the increase in unsoldinventory so as to encourage the coal industry, a major sector in Quang Ninh, tomaximise the mining output, thus contributing to the gross regional domesticproduct (GRDP), the State budget, and social security.

The province looks to raisethe clean coal output in 2021 by 2.82 million tonnes compared to the target setat the start of the year. It will work to secure 10.2 billion kWh ofelectricity produced in the fourth quarter and 38.5 billion kWh in the wholeyear.

Local authorities aretackling difficulties and creating optimal conditions for the processing andmanufacturing industry, especially flour, plant oil, textile - garment,electronics, and mechanical factories, to maximise capacity and output so thatthis sector can serve a true growth impulse.

Some projects in localindustrial parks will be sped up so as to partly or wholly become operationalin Q4, thereby creating new products and subsequently a new impulse for growth.

Quang Ninh is alsoaccelerating procedures so that work on four key projects worth over 283.2trillion VND in total will begin this October. They consist of the Ha Long urban area complex, the Quang NinhLNG-fired power plant, Phase 1 of the Van Ninh general port, and the Dong Trieugolf course.

With totalinvestment of more than 17 trillion VND, three key projects expected to act asdriving forces for the province’s development are scheduled to be completed byDecember 31, namely Van Don - Mong Cai Expressway, the coastal road linking HaLong and Cam Pha cities, and Cua Luc 1 Bridge.

Infrastructureconstruction is being hastened at the Nam Tien Phong, Bac Tien Phong, and DamNha Mac industrial parks, Hai Ha Seaport, and Van Ninh Port. Relevant agenciesare also making efforts to attract strategic investors to developing seaportinfrastructure and logistics services at Hon Net - Con Ong Port in Cam Phacity.

As Quang Ninh has managed tocontain the latest COVID-19 outbreak, it is making use of every opportunity topromote the service sector, particularly retail sale, cross-border trade, andtransport services.

While obstacles have beenhandled to facilitate to export and import via local border gates and crossings,competent agencies are stepping up online trade promotion activities,

They are also consideringplans to welcome tourists, especially foreigners, back once the pandemic is putunder control and implementing travel stimulus policies.

In terms of agriculture,forestry, and fisheries, authorities have been assisting businesses to boost shipmentsto potential markets, helping farmers to develop sea farming sustainably,improving the agro-forestry-fishery processing capacity, fostering export viaofficial channels, and pushing ahead with building hi-tech farming zones inDong Trieu town and Dam Ha district.

Quang Ninhrecorded an estimated GRDP growth rate of 8.2 percent in the first nine monthsof 2021.

In particular, the processing andmanufacturing industry has increased by 36.2 percent year on year, serving asthe main driving force for the industrial sector. It has made up for thepandemic-caused downturn in services, tourism, coal, and electricity sectors.

Meanwhile, nearly 34.38 trillion VND has beencollected for the State budget, equivalent to 67 percent of this year’s target.

Quang Ninhis one of the three nuclei of the northern key economic region and viewed as astrategic locality in northern Vietnam.

It looks to expand its GRDP by 10 percent onan annual average during 2020 - 2025, and the per capita GRDP to over 10,000USD by 2025. The urbanisation rate is expected to surpass 75 percent, while therate of poor households to go down to below 1 percent./.
VNA

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