Work on a series of key projects worth over US$12 billion starts in Vietnam's Quang Ninh

Delegates attending the groundbreaking ceremony of Dong Trieu Golf Course in Dong Trieu town, Quang Ninh Province on Sunday (Oct 24, 2021) morning. - Vietnam News/ANN

QUANG NINH, Oct 24 (Vietnam News/ANN): Groundbreaking ceremonies for four key projects were launched on Sunday in Quảng Ninh Province, marking the reopening of one of the pillar economies in Vietnam after a long break due to Covid-19.

These projects included the Hạ Long Green complex urban area in Quang Yen Town and Ha Long City, Dong Trieu Golf Course, Quảng Ninh LNG Power plant and Vạn Ninh general port. The series of projects, worth a total of more than VNĐ283.3 trillion (US$12.5 billion), demonstrated Quang Ninh’s effort in developing the economy amid the impact of the pandemic in Việt Nam and around the world.

“The events are some of the many positive initiatives of Quảng Ninh Province in achieving the dual goals, contributing to the economic growth target and in celebration of the 58th anniversary of the founding of Quảng Ninh Province,” Nguyen Thị Hạnh, Vice Chairwoman of the People’s Committee of Quang Ninh Province, said at the groundbreaking ceremony of Dong Trieu Golf Course.

Of these four key projects, Ha Long Green Complex Urban Area is the largest, with an estimated investment capital of nearly VNĐ232.4 trillion.

The project, which is invested by a consortium of Vingroup JSC and Vinhomes JSC, will become Quảng Ninh’s and the country’s new centre of economy, culture and tourism.

Ha Long Xanh, which is deployed on an area of ​​more than 4,100 hectares, is also planned to become a multi-functional urban area with luxury resorts and hotels, amusement parks and golf courses, contributing to promoting socio-economic development in Quảng Ninh and significantly changing the socio-economic life of people in the region.

The project is expected to contribute around VNĐ7.25 trillion per year to the State budget, of which about VNĐ3.5 trillion per year from value-added tax and nearly VNĐ3.8 trillion per year from corporate income tax.

Dong Trieu Golf Course is in Dong Trieu town with investment from Silk Path Hotel JSC. The golf course is built on an area of nearly 130 hectares, serving about 800 guests per day.

The golf course will also have low-rise accommodation projects, high-rise hotels, golf training courses, entertainment areas, and a high-class eco-resort space.

It is expected to be put into operation in the third quarter of 2024.

Another two projects, which started the same day, were Quảng Ninh LNG power plant and Vạn Ninh general port (Phase 1).

Quang Ninh LNG power plant project is in Cam Thinh Ward, Cam Pha City, with total investment capital of VNĐ47.48 trillion. This will be the first power plant using imported LNG in the northern area with an expected capacity of 1,500 MW.

A joint venture by PV Power, Colavi JSC, Tokyo Gas and Marubeni is the investor of the project.

Once the project is completed, it will add a large amount of electricity to the national grid, ensuring energy security and reducing greenhouse gas emissions.

Van Ninh general port (Phase 1) is in Vạn Ninh commune with investment from Vạn Ninh International Port JSC, with total investment capital of over VNĐ2.2 trillion. The project will contribute to the system of seaport infrastructure and services, helping to protect national security.

According to Quảng Ninh Provincial People's Committee, in the first nine months of 2021, the province's GRDP rose by 8.6 per cent, higher than the same period last year, which was 8.5 per cent, but 1.1 percentage points lower than the growth scenario set at the beginning of the year (9.7 per cent).

Given its efforts in containing the spread of Covid-19, the province has a strategy to achieve the target. In which, the industrial and construction sectors are expected to be the driving force leading the acceleration in the final period of 2021. - Vietnam Nes/ANN

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Next In Aseanplus News

Myanmar's foreign ministry condemns the joint statement released by the US and six other countries
Multilateralism essential to boost global economic recovery, says Cambodian expert
Laos high speed rail brings buzz to border town in Thailand
Eight African countries barred from Brunei; measures announced to control Covid-19 spread in country
China study warns of 'colossal' Covid-19 outbreak - up to 630,000 cases a day - if it opens up like US and France
Singapore’s PM says Omicron could lead to return of some curbs
Cops rescue 17 Myanmar nationals from human traffickers in Kedah
Indonesia imposes travel ban on South Africa as new variant spreads
Thailand bans entry from eight African countries from December
Philippines to reopen to some foreign tourists starting December 1

Others Also Read