Quang Ninh among top five budget collectors

The northern province of Quang Ninh posted total budget revenue of USD1.5 billion in 2014. (Source: VNA)

The northern province of Quang Ninh posted total budget revenue of VND33 trillion (some USD1.5 billion) in 2014, remaining one of the top five budget collectors in the country.

The information was heard at the 18th session of the provincial People’s Council on December 9th.

The province’s gross domestic product (GDP) is expected to grow 8.8 percent this year, the highest level among seven localities in the northern key economic region and higher than the country’s average.

Its economic structure continues to see positive changes with agro-forestry-fisheries accounting for 5.8 percent; industry-construction, 50 percent; and services, 44.2 percent.

Chairman of the provincial People’s Council Nguyen Duc Long attributed the locality’s achievements to the high determination of the whole political system, businesses and people.

Thanks to high budget incomes, Quang Ninh has invested in many key projects such as the Ha Long-Hai Phong expressway and Bac Luan II bridge while spending nearly VND1 trillion (USD47.6 million) on social security, he said.

The province has attracted a number of large investors from Hong Kong, Taiwan and Thailand, he added.

During this session, the council decided on the province’s socio-economic development objectives and solutions as well as defence-security tasks for 2015./.