World · Vietnam Bureau
Quang Ninh outpaces nation with robust nine-month growth performance
The northern Vietnamese province of Quang Ninh has emerged as the country's fastest-growing region, recording gross regional domestic product expansion of 15.04 percent in the third quarter. Authorities have set an ambitious 14 percent growth target for 2025, with plans to leverage cultural industries and tourism to sustain economic momentum.
LSN Vietnam ·
Quang Ninh's economic performance in the first nine months of the year has positioned it ahead of all other provinces and cities nationwide, driven by robust expansion across multiple sectors. The region's third-quarter GRDP growth of 15.04 percent reflects accelerating momentum as the province adjusts targets on a quarterly basis to reflect evolving economic conditions and development priorities.
Local authorities have demonstrated confidence in sustained expansion by setting a 14 percent GRDP growth target for 2025. This ambitious goal builds on the province's demonstrated capacity to generate rapid economic development while maintaining strategic focus on long-term competitiveness and regional positioning.
Quang Ninh is increasingly turning to cultural industries and tourism as engines for continued expansion. These sectors are being developed as part of a broader strategy to achieve green growth objectives, aligning economic development with environmental sustainability. The approach reflects growing recognition that high-quality growth rooted in cultural heritage and responsible tourism can deliver both immediate economic gains and lasting competitive advantages.
The province's performance underscores the potential for regional differentiation in Vietnam's broader economic expansion. Quang Ninh's success in combining rapid headline growth with strategic sector development offers a model for balancing short-term momentum with long-term sustainability objectives.