Work on a series of key projects worth over $12 billion starts in Quảng Ninh

[ASEAN NOW News]

Delegates attending the groundbreaking ceremony of Đông Triều Golf Course in Đông Triều town, Quảng Ninh Province on Sunday morning. — VNS Photo  Ly Ly

 

QUẢNG NINH — Groundbreaking ceremonies for four key projects were launched on Sunday in Quảng Ninh Province, marking the reopening of one of the pillar economies in Việt Nam after a long break due to COVID-19.

 

According to Vietnam News, these projects included the Hạ Long Green complex urban area in Quảng Yên Town and Hạ Long City, Đông Triều 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 Quảng 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,” Nguyễn Thị Hạnh, Vice Chairwoman of the People’s Committee of Quảng Ninh Province, said at the groundbreaking ceremony of Đông Triều Golf Course. 

 

Of these four key projects, Hạ Long Green Complex Urban Area is the largest, with an estimated investment capital of 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. 

 

Hạ 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 VNĐ3.8 trillion per year from corporate income tax.

 

Đông Triều Golf Course is in Đông Triều town with investment from Silk Path Hotel JSC. The golf course is built on an area of 130 hectares, serving about eight hundred 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 Quảng Ninh LNG power plant and Vạn Ninh general port (Phase 1).

 

Quảng Ninh LNG power plant project is in Cẩm Thịnh Ward, Cẩm Phả 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.

 

Vạn 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. — VNS