Work on a series of key projects worth over $12bil. starts in Quang Ninh

Groundbreaking ceremonies for four key projects were launched on October 24 in Quang Ninh Province, marking the reopening of one of the pillar economies in Vietnam after a long break due to COVID-19.

Nguyen Tuong Van, chairman of the Quang Ninh provincial People's Committee presents a decision on the approval of project investors.

Nguyen Tuong Van, chairman of the Quang Ninh provincial People's Committee presents a decision on the approval of project investors.
 


These projects included the Ha Long Green complex urban area in Quang Yen Town and Ha Long City, Dong Trieu Golf Course, Quang Ninh LNG Power plant and Van Ninh general port. The series of projects, worth a total of more than 283.3 trillion VND (12.5 billion USD), demonstrated Quang Ninh’s effort in developing the economy amid the impact of the pandemic in Vietnam and around the world.

“The events are some of the many positive initiatives of Quang Ninh Province in achieving the dual goals, contributing to the economic growth target and in celebration of the 58th anniversary of the founding of Quang Ninh Province,” Nguyen Thi Hanh, Vice Chairwoman of the provincial People’s Committee, said at the groundbreaking ceremony of the 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 232.4 trillion VND. The project, which is invested by a consortium of Vingroup JSC and Vinhomes JSC, will become Quang 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 Quang Ninh and significantly changing the socio-economic life of people in the region.

The project is expected to contribute around 7.25 trillion VND per year to the State budget, of which about 3.5 trillion VND per year from value-added tax and nearly 3.8 trillion VND per year from corporate income tax.

The 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 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 tehe Quang Ninh LNG power plant and Van Ninh general port (Phase 1).

The Quang Ninh LNG power plant project is in Cam Thinh Ward, Cam Pha City, with total investment capital of 47.48 trillion VND. 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.

The Van Ninh general port (Phase 1) is in Van Ninh commune with investment from Van Ninh International Port JSC, with total investment capital of over 2.2 trillion VND. The project will contribute to the system of seaport infrastructure and services, helping to protect national security.

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

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./.

Source: VNA

 
 

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