According to data from local authorities, the gross regional domestic product (GRDP) in Quang Ngai in the first quarter of 2025 is estimated at VND 14,029.9 billion (2010 comparable prices), up 8.07% over the same period last year. With this result, Quang Ngai ranked 26th in the country, 4th out of 14 provinces and cities in the North Central and Central Coast regions and 3rd in the Central Key Economic Zone.

Regarding the structure of contribution to growth, the agriculture, forestry and fishery sector increased by 3.38%, contributing 0.57 percentage points; industry - construction increased by 10.79%, contributing 3.87 percentage points; services increased by 7.26%, contributing 2.26 percentage points; product taxes minus product subsidies increased by 8.49%, contributing 1.37 percentage points.

The scale of Quang Ngai's economy in the first quarter of 2025 at current prices is estimated at VND30,728 billion. Of which, the agriculture, forestry and fishery sector accounts for 15.78%; the industry - construction sector accounts for 40.62%; the service sector accounts for 27.55%; product taxes minus product subsidies account for 16.05%.

With GRDP growth in the first quarter of 2025 reaching 8.07%, Quang Ngai ranked 3rd among the provinces and cities of the Central Key Economic Region.

Agricultural, forestry and fishery production remained stable in the first quarter. The winter-spring crop took place on schedule, with suitable seed structure; disease prevention and control were effectively implemented, helping to minimize damage. Forest timber exploitation increased significantly, and fishery output increased slightly compared to the same period last year.

In the industrial sector, the production index of the whole industry increased by 12.17%. In particular, the processing and manufacturing industry has strongly recovered, many industries have grown by double digits, such as: coke and refined petroleum products production increased by 16.82%, bed, wardrobe, table and chair production increased by 50.2%.

Trade and service activities continue to be vibrant. After the Lunar New Year 2025, businesses have implemented many incentive programs to stimulate consumption. Prices of some essential goods and gold have increased following the world market. Total retail sales of goods and service revenue have maintained a good growth momentum. Passenger and cargo transport has developed steadily; tourism has been invested in and expanded, attracting a large number of tourists.

Industry and construction - key sectors in the economic structure of Quang Ngai in the first quarter of 2025.

Since the beginning of the year, the province has focused on improving urban infrastructure, expanding transportation, promoting investment and trade, contributing to enhancing the role of the service industry in the local economy.

However, a major "bottleneck" is that the progress of public investment disbursement is still very low. The province's total public investment plan for 2025 is more than 5,300 billion VND, but by the end of the first quarter, only about 387 billion VND was disbursed, reaching 7.3% of the plan, ranking 47th out of 63 provinces and cities nationwide. Some key projects such as Hoang Sa - Doc Soi road, Dung Quat - Sa Huynh road are behind schedule...

Dung Quat Economic Zone - Quang Ngai province.

Although Quang Ngai's growth rate in the first quarter of 2025 is quite impressive, the upcoming workload is still very large. The province will simultaneously carry out many key tasks such as restructuring the administrative apparatus, implementing a program to eliminate temporary and dilapidated houses, and completing key projects to achieve the annual GRDP growth target of 8.5% or more.

Therefore, the provincial leaders have requested departments, branches and localities to continue to closely follow the direction from the Central to the Provincial Party Committee and Provincial People's Committee, effectively implementing the 2025 Socio-Economic Development Plan. At the same time, it is necessary to boost budget collection, prevent revenue loss, ensure economical and effective spending and resolutely remove obstacles to speed up the disbursement of public investment capital in the coming time...

Source: https://thoibaonganhang.vn/quang-ngai-tang-truong-kinh-te-quy-i2025-dat-807-162769.html