Want to be in the loop?
subscribe to
our notification
Business News
QUẢNG NGÃI LEADS IN GRDP GROWTH IN FIRST HALF OF 2025
Quảng Ngãi Province achieved the highest gross regional domestic product (GRDP) growth in Việt Nam in the first half of 2025, reaching a record 11.51 per cent.
An oil refinery in Quảng Ngãi Province. The province recorded the highest GRDP growth rate in Việt Nam in the first half of the year. — Photo thanhnien.vn
QUẢNG NGÃI — Quảng Ngãi Province achieved the highest gross regional domestic product (GRDP) growth in Việt Nam in the first half of 2025, reaching a record 11.51 per cent.
At current prices, the province’s GRDP was estimated at around VNĐ67.4 trillion (approximately US$2.6 billion).
Industry and construction accounted for the largest share, followed by services and agriculture.
Under its former boundaries prior to the merger with Kon Tum Province, the growth rate was even higher, at 12.4 per cent.
The industry and construction sector of the new Quảng Ngãi Province served as the main growth driver, expanding by 21.38 per cent.
Industry grew by 22.59 per cent, driven by oil and steel production.
Several industrial sectors, including clothing production, metal manufacturing, electricity supply, and wastewater treatment, saw strong growth.
The services sector also rose by 8.6 per cent.
Tourism, accommodation, food services and private healthcare and education were promoted by events such as Quảng Ngãi Tourism Week, street festivals and the 80th anniversary of the historical Ba Tơ Uprising.
Despite the impacts of climate change, the agriculture, forestry and fisheries sector still posted growth of nearly three per cent, mainly from stable aquaculture and seafood output.
The results stem from the province's efforts to streamline administration, address investment challenges, expedite public capital disbursement, and support business expansion.
With the national GDP growth estimated at 7.5 per cent in the first half of the year—the highest rate in 15 years—the province’s top ranking underscores its growing role in the economic landscape of central Việt Nam and the country as a whole.
Bùi Thị Quỳnh Vân, secretary of the Provincial Party Committee, said that the province would build on this momentum to reach its annual targets.
“The province would continue to improve the investment environment, upgrade transport infrastructure and speed up key projects,” she said. VNS
Source: VNS
Related News
MEMBER CORNER / PROMOTIONS
KNIC ENGAGES WITH GOVERNMENT AND HIGH-TECH BUSINESS COMMUNITIES IN CHINA
From Beijing to Shandong, KN Holdings and KN Industrial City are continuing to expand their engagement with government authorities, trade promotion organizations, and high-tech business communities in China. In Beijing, the delegation met with the Center for International Economic and Technological Cooperation under the Ministry of Industry and Information Technology (MIIT), exchanging perspectives on industrial and technology cooperation between the two markets.
VIETNAM ECONOMY INVESTMENT
VIETNAM’S TRADE TOPS $825 BILLION BY MID-SEPTEMBER
Figures released on September 21 showed goods trade reached nearly $55 billion in the first 15 days of September alone, bringing cumulative turnover since the beginning of the year to more than $825 billion. The strong growth reflects robust trade flows, with demand for consumer goods and production inputs remaining high.
TECHNOLOGY
VIỆT NAM'S BUSINESSES MOVE TOWARDS AI AGENTS
Việt Nam’s AI landscape is entering a new phase as businesses move beyond generative AI (GenAI) tools designed to assist human users towards autonomous AI, agentic AI and AI agents that can take action with limited supervision, experts have said. The shift comes as Việt Nam seeks to accelerate science and technology, innovation and digital transformation under Politburo Resolution 57-NQ/TW, issued on December 22, 2024.
GARMENT / TEXTILE
VIỆT NAM TARGETS $48 BILLION IN TEXTILE-GARMENT EXPORTS
Việt Nam’s textile and garment industry is facing both opportunities and challenges amid complex and unpredictable developments in the global market, prompting businesses to improve growth quality, optimise production costs and enhance adaptability in pursuit of an export turnover of about $48 billion this year. The target is considered an important milestone that requires concerted efforts from management agencies and the business community.
INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT
CUTTING LOGISTICS COSTS KEY TO BOOSTING EXPORTS
Reducing costs has become an increasingly urgent priority for import-export activities, particularly logistics costs, a conference in Hà Nội was told on Tuesday. According to Deputy General Director of the Ministry of Industry and Trade's Agency for Foreign Trade, Trần Thanh Hải, import-export activities has remained a bright spot for the economy in recent years, playing an important role and helping drive macroeconomic growth.
LEGAL UPDATE / POLICY
FLEXIBLE FISCAL POLICY HELPS DRIVE ECONOMIC GROWTH
Việt Nam’s fiscal policy has been implemented in a targeted expansionary manner since early 2026, helping maintain macroeconomic stability and supporting the country’s goal of achieving double-digit economic growth. According to the Ministry of Finance, State budget revenue in the first eight months of 2026 was estimated at VNĐ2.02 quadrillion (US$77.7 billion), equivalent to 80 per cent of the annual estimate and up 16 per cent year-on-year.
Events Sponsors
