Work on a number of key projects valued at over $ 12 billion begins in Quang Ninh, Vietnam

by | Oct 24, 2021 | Golf Training

QUANG NINH, Oct. 24 (Vietnam News / ANN): Groundbreaking ceremonies began in Quảng Ninh province on Sunday for four key projects that marked the reopening of one of Vietnam’s pillar economies after a long hiatus due to Covid-19.

These projects included the urban area of ​​the Ha Long Green Complex in Quang Yen Town and Ha Long City, the Dong Trieu Golf Course, the Quảng Ninh LNG Power Plant and the Vạn Ninh General Port. The series of projects, valued at more than VN283.3 trillion ($ 12.5 billion), demonstrated Quang Ninh’s efforts to develop the economy amid the effects of the pandemic in Vietnam and around the world.

“The events are some of the many positive initiatives by Quảng Ninh Province to achieve the dual goals of contributing to the economic growth target and to celebrate the 58th anniversary of the founding of Quảng Ninh Province,” said Nguyen Thị Hạnh, vice chairman of The Provincial People’s Committee Quang Ninh said at the laying of the foundation stone 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 VN 232.4 trillion.

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

Ha Long Xanh, which is used on an area of ​​more than 4,100 hectares, is also intended to become a multifunctional urban area with luxury resorts and hotels, amusement parks and golf courses, thus promoting the socio-economic development in Quảng. contribute nine and significantly change the socio-economic life of people in the region.

The project is expected to contribute around VN 7.25 trillion per year to the state budget, of which around VN 3.5 trillion per year from value added tax and almost VN 3.8 trillion per year from corporation tax.

The Dong Trieu golf course is located in the city of Dong Trieu and was invested by the Silk Path Hotel JSC. The golf course is built on an area of ​​almost 130 hectares and serves around 800 guests daily.

The golf course will also include low-rise housing projects, high-rise hotels, golf training courses, entertainment areas and a world-class eco-resort.

It is scheduled to go into operation in the third quarter of 2024.

Another two projects that started on the same day were the Quảng Ninh LNG power plant and the Vạn Ninh general port (phase 1).

The Quang Ninh LNG Power Plant Project is located in Cam Thinh Ward, Cam Pha City, with a total investment capital of VN47.48 trillion. This will be the first power plant with imported LNG in the northern area with an expected output of 1,500 MW.

The project is being invested in a joint venture between PV Power, Colavi JSC, Tokyo Gas and Marubeni.

Once the project is completed, it will feed a large amount of electricity into the national grid to ensure energy security and reduce greenhouse gas emissions.

Van Ninh General Port (Phase 1) is located in Vạn Ninh Municipality with investments from Vạn Ninh International Port JSC with a total investment capital of over VN 2.2 trillion. The project will contribute to the system of seaport infrastructure and services and help protect national security.

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

Given its efforts to contain the spread of Covid-19, the province has a strategy to achieve the goal. The industrial and construction sectors are expected to be the driving force behind the acceleration in the final period of 2021. – Vietnam Nes / ANN