Economic growth of Kinh Mon town exceeds the standards of a type III urban area.

According to the People's Committee of Kinh Mon town, the local economic growth in 2024 will reach 11.7%, exceeding the set plan by 2%. On average, the town's economic growth will reach 9.39% in the 3 years from 2021 to 2023. With this result, Kinh Mon town exceeds the economic growth standard of a type III urban area (required at 8-9%).

The economic structure of Kinh Mon town will shift towards increasing the proportion of industry, services, and trade, and reducing the proportion of agricultural production. The average income per capita in 2024 will reach 8.5 million VND/person/month, an increase of 0.83 million VND/person/month compared to 2023.

State budget revenue in 2024 will reach more than 2,200 billion VND, exceeding 64% of the estimate, budget expenditure will be nearly 1,200 billion VND, increasing 39% of the estimate. The town ensures a surplus in budget revenue and expenditure. The poverty rate in the town in 2024 will be only 0.93%, exceeding 0.07% of the set target, down 0.42% compared to 2023...

In addition to the level of socio-economic development ensuring the standards of a type III urban area, Kinh Mon town has an important position and function in the urban network of Hai Duong province. The town is located near the northern economic centers (Hai Phong, Quang Ninh), located in the development triangle of Hanoi - Hai Phong - Quang Ninh.

Kinh Mon is identified as one of the four dynamic urban areas of the province with the function of a comprehensive central urban area, promoting socio-economic development in the northeast of the province. In addition to being the center of industry, supporting industry, logistics, and service industries serving the province and neighboring areas, Kinh Mon town is planned and oriented to become one of the key centers of cultural, historical, and craft village landscape tourism in the province.