Over 300 million USD to develop seaport complex in Quang Ninh
A 300 million USD project consisting of a seaport complex and an industrial park at the Dam Nha Mac area in Quang Yen town, the northern province of Quang Ninh, was granted a licence on November 18.
A vision of the Dam Nha Mac seaport and industrial park in Quang Yen town, Quang Ninh province. (Source: quangninh.gov.vn)cQuang Ninh (VNA) – A 300 million USD project consisting of a seaport complex and an industrial park at the Dam Nha Mac area in Quang Yen town, the northern province of Quang Ninh, was granted a licence on November 18.
Investors of the project are the CDC Corporation headquartered in the Cayman Islands, the Middle Utilities Company Pte. Ltd of Singapore, and the Infra Asia Investment Limited of Hong Kong.
With a total investment of 6.94 trillion VND (315.47 million USD), the 50-year project spans nearly 1,193 hectare of land and water surface across Tien Phong, Lien Hoa, Lien Vi, and Phong Coc communes.
Construction will take place on 318.8 hectares of land in the first phase of the project between 2017 and 2021, extending to another 874.1 hectares in the second phase between 2022 and 2031.
All infrastructure of the industrial park will be completed during the last phase scheduled for 2032-2036.
One operational, the project is expected to create 110,000 jobs.-VNA
You should also see
PM calls on ASEAN to pen strategic development vision
The Association of Southeast Asian Nations (ASEAN) should have a strategic and comprehensive vision, and improve its resilience capacity to grasp opportunities and handle global headwinds for stable and sustainable development, Prime Minister Pham Minh Chinh said on April 23.
See more
Business
Tra fish export to UAE jumps 67% in Q1
Vietnam’s tra fish export to the United Arab Emirates (UAE) reached more than 7 million USD in the first quarter of this year, a rise of 67% against the same period last year, statistics of the General Department of Customs showed.
Business
Central bank successfully auctions 3,400 taels of SJC-branded gold bars
The State Bank of Vietnam (SBV) released the outcome of the gold bullion auction on April 23, with two winning bidders securing 34 lots, equivalent to 3,400 taels of SJC-branded gold bars.
Business
Masan completes 250-million-USD investment deal with Bain Capital
Masan Group Corporation on April 23 announced that it has completed the mobilisation of 250 billion USD from Bain Capital, a leading global private investment firm with assets worth 180 billion USD under management.
Business
Capital shortage - headache for construction firms
Domestic construction companies will continue to face difficulties in the second quarter of this year with capital shortage top of their problems, a report has revealed.
Business
An Giang bosters border economy
The Mekong Delta province of An Giang, billed as an economic centre that links Ho Chi Minh city, Can Tho city and Cambodia’s Phnom Penh, has paid due attention to developing border trade and logistics infrastructure so as to tap its border economic potential.
