Van Don, a rural district of Quang Ninh province in the northeastern region of Vietnam, may soon see a US$220 million resort complex.
Real estate developer
CEO Group has proposed to the provincial People’s Committee its intention to
build the SonaSea Dragon Bay complex which will have a total area of 94ha.
This will include a hotel complex of 5,000 rooms, a water park, shopping centres
and a shop house, as well as docks and a public beach. The project is expected
to take shape during the 2018-22 period.
The committee has asked the group to complete its planning and submit a
proposal for consideration this month.
With this investment plan, the CEO Group will revive the largest tourism
project in Van Don, which has been sluggish for the past decade.
The CEO Group’s investment plans for Van Don come just before the National
Assembly prepares for the approval of the Special Administrative-Economic Zone
Act, which will create preferential policies on governance, tax incentives and
business operations.
Holding in high regard the advantages of tourism and its mechanism to attract
investors to the Quang Ninh province, especially the special economic zone
mechanism in the near future, the CEO Group chose Van Don to be the next
strategic location in its investment and development in Vietnam.
Source: VOV
Prime Minister Pham Minh Chinh attended a groundbreaking ceremony for an electronic printed circuit board (PCB) factory at Da River Left Bank Industrial Park in Hoa Binh province on April 13. The electronic PCB factory is invested by Japan's Meiko Group at a total cost of 200 million USD.
In the first quarter of 2024, the credit institutions in the province have actively deployed the legal documents of the State and the State Bank relating to currency, credit and interest rates. At the same time, they have promoted the capital mobilization, focusing on the solutions to expand the credit investment along with strengthening the credit quality management, lending to priority programs to promptly meet the capital needs for export - business and consumer demand during Tet in 2024.
Outside the key economic region of Hoa Binh, yet Lac Son district has utilised its potential and strengths regarding labour, land, and transportation connectivity to attract investment to the locality, contributing to promoting socio-economic development.
In a move to expedite the execution and disbursement of the 2024 capital plan for ODA projects, aiming for a disbursement rate of over 90% of the allocated funding, the Hoa Binh People's Committee issued Document No. 483/UBND-KTN on April 3, 2024, regarding such efforts.
Nguyen Van Thap from Kim Duc hamlet, Vinh Tien commune, Kim Boi district, has built the brand of Hoa Qua Son for local fruits. His efforts have brought about income for his family and generated job opportunities for locals, helping hundreds of households escape from poverty.
The Hoa Binh administration was entrusted by the Prime Minister with a budget of 3.43 trillion VND (142.91 million USD) for investment in 2024. The provincial People's Council approved nearly 3.76 trillion VND, which has been meticulously allocated to projects, achieving 100% of the assigned capital plan.
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