Quảng Ninh promotes private sector growth and semiconductor industry

Quảng Ninh is implementing strategic measures to bolster its private sector and advance high-tech industries. In the first nine months of 2026, the province saw the establishment of 2,700 new businesses and units, with a total registered capital of 33,186 billion VND. The private sector has become a vital economic pillar, contributing 45,114 billion VND to the budget—approximately 60.9% of total revenue—and providing employment for over 70% of the local workforce.

To support this growth, the provincial government is focusing on administrative reform, reducing processing times for business-related procedures by 38%, and addressing bottlenecks in land use and planning. Additionally, Quảng Ninh has launched a development strategy for the semiconductor industry through 2030, with a vision toward 2050. This includes developing a concentrated digital technology zone in Tuần Châu to attract high-tech investment and integrate the province into the global semiconductor and electronics value chain.