In the first nine months of 2021, Quang Ninh’s GRDP expanded 8.6 per cent, higher than the same period in 2020 which rose 8.5 per cent. Many specific and flexible solutions have been promptly implemented, especially amid the COVID-19 pandemic, helping Quang Ninh’s economy stand firm. The goal is that by 2025, the share of industry-construction in GRDP will reach 49- 50 per cent, of which processing and manufacturing accounts for more than 15 per cent and industry added value grows an average of 10 per cent per year, in which processing and manufacturing increases by 17 per cent per year on average, luring in more than $2.17 billion and averaging $434 million per year. Quang Ninh focuses on restructuring the processing and manufacturing industry to play a driving role in socioeconomic development from there creating a breakthrough in investment capital attraction and raising added value for the industry quickly increasing its contribution to GRDP and budget revenue and attracting skilled, high-quality labour in parallel to securing a population increase in both size and quality. The processing and manufacturing industry is small compared to the mining industry, but its value has seen constant growth.ĭetermining the key role of the processing and manufacturing industry as a driving force for local economic development, the first resolution issued by the 13th Party Central Committee for the 2020-2025 term underlined the rapid and sustainable development of the processing and manufacturing industry, with a vision to 2030.

In Quang Ninh, this industry has shown early development in the mining industry, accounting for a large proportion of the province’s gross regional domestic product (GRDP) structure. On average, in the period 2011-2020, this industry accounted for 14.9 per cent GDP of the whole economy.

In Vietnam, the proportion of the processing and manufacturing industry in GDP has risen constantly from just 13 per cent in 2010 to about 20 per cent in 2020.

In the past two decades, the processing and manufacturing industry has often contributed about 20 per cent of the GDP of either developed or new emerging industrialised nations like China, South Korea, Japan, Thailand, and Singapore.

The province’s economic zone leaders have worked with dozens of investors to promote its potential, Photo Do Phuong

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