Business

PM kicks off two major projects in Quang Nam

Prime Minister Nguyen Xuan Phuc attended ceremonies to commence work on two major projects in the central coastal province of Quang Nam on April 24.
PM kicks off two major projects in Quang Nam ảnh 1Prime Minister Nguyen Xuan Phuc presses the button to kick off the South Hoi An resort complex in Quang Nam province. (Source: VNA)

Quang Nam (VNA) – Prime Minister Nguyen Xuan Phuc attended ceremonies to commence work on two major projects in the central coastal province of Quang Nam on April 24.

The first project is the South Hoi An Resort tourism complex with the total capital of 4 billion USD, the biggest ever in Quang Nam. It is invested by VinaCapital and Gold Yield Enterprises Corporations.

The project covers an area of 985.6 hectares spanning three communes: Duy Hai and Duy Nghia communes in Duy Xuyen district and Binh Duong commune in Thang Binh district.

Once completed in 2035, it will become a five-star resort and entertainment complex featuring a culture, trade and service centre and a tourism processional training school.

Its first phase, worth 500 million USD, will build an 18-hole golf course and a resort area of 1,000 villa and hotel rooms. About 2,000 labourers are expected to be employed after the phase is completed in 2019.

Meanwhile, the 210-ha expanded Chu Lai-Truong Hai auto mechanical industrial park will have a car manufacturing factory with capacity of 100,000 units per year and a truck manufacturing factory producing 100,000 units per year, alongside bus and minibus manufacturing factories, each with capacity of 10,000 units per year.

The investor, Truong Hai Auto Group, will also establish sea transport routes directly linking the park to the Republic of Korea, Japan and China to cut logistics costs. The Tam Hiep residential area will be built to provide accommodations for those who work in the Chu Lai-Truong Hai IP in particular and the Chu Lai Open Economic Zone in general.

Speaking at the ceremonies, PM Nguyen xuan Phuc applauded the great significance of the two projects, saying that they would contribute to develop the economy of Quang Nam and the central region as well.

He affirmed the Government’s commitment to ensuring a stable and transparent investment climate for investors and creating favourable conditions for them to implement their projects./.

VNA
#Hoi An #VinaCapital #Chu Lai #Truong Hai
Follow VietnamPlus

Related News

Quang Nam: Cua Dai beach dyke approved

Quang Nam: Cua Dai beach dyke approved

The province of Quang Nam has approved the second phase of a project to build concrete dikes along Cua Dai beach to cope with worsening coastal erosion near Hoi An, a UNESCO World Heritage Site,
Naha, Hoi An cities agree on eco-city project

Naha, Hoi An cities agree on eco-city project

The old city of Hoi An in the central province of Quang Nam and Naha city, the capital of Okinawa Prefecture, have come to an agreement on the third phase of the Eco-city Achievement Support Project.
Local car-maker Thaco to up production

Local car-maker Thaco to up production

Thaco will begin construction on the expansion of the Truong Hai-Chu Lai Mechanical Automobile Industrial Zone with an investment of 794 billion VND (35.3 million USD) in Quang Nam province.

See more

Quang Tri province continues to mobilise resources to complete storm shelters and anchorage areas for fishermen. (Photo: VNA)

Quang Tri province mobilises resources for fisheries infrastructure

The provincial People's Committee assigned the Department of Agriculture and Environment to prepare an investment proposal for upgrading and expanding the Con Co storm shelter in Con Co special zone. The project has a total investment of 400 billion VND (15.4 million USD) and is scheduled to be implemented from 2026 to 2028.

A farmer in Tan Phuoc 3 commune, Dong Thap province, harvest pineapples. (Photo: VNA)

Digital transformation ushers Dong Thap agriculture into modern era

The province’s farmers are gradually embracing advances in science and technology and digital transformation, providing an important impetus for the agricultural sector to shift toward modern production in line with Politburo Resolution No. 19-NQ/TW dated June 16, 2022.

Customers shop for handicrafts at a trade fair in Hanoi (Photo: VNA)

Hanoi handicrafts reach 89 international markets

Major export products include rattan and bamboo products, sedge and wickerware, fine wooden furniture and handicrafts, ceramics, lacquerware and textiles. Many craft village products feature diverse designs and good quality, gradually enhancing their competitiveness in both domestic and international markets.

General Secretary of the Communist Party of Vietnam Central Committee and President To Lam and French President Emmanuel Macron witness the exchange of cooperation documents and agreements between the two countries. (Photo: VNA)

Finance Ministry, AFD exchange 48.6 million USD financial cooperation deals

An AFD-funded project in Dien Bien province aims to improve the management and efficient use of water resources and strengthen water regulation between river basins, helping secure water supplies for production and daily life while improving resilience to drought, erosion, flooding and climate change.

The working session between Vietnamese Minister of Industry and Trade Le Manh Hung and Andrey Slepnev, Minister in charge of Trade of the Eurasian Economic Commission (photo: moit.gov.vn)

Vietnamese minister proposes EAEU open market to Vietnamese goods

Minister of Industry and Trade Le Manh Hung asked the EAEU to consider removing several obstacles to bilateral trade, with a focus on eliminating the threshold safeguard measure on Vietnamese textile and garment products and opening the Russian market further to Vietnamese fishery products.

Vice Chairman of the Hanoi People’s Committee hands over investment policy approval for Moscow House project in Hanoi to the Moscow authorities. (Photo published by VNA)

Hanoi, Russian localities step up cooperation in urban railways, technology

Secretary of the Hanoi Party Committee Tran Duc Thang and the delegation held talks with Moscow authorities to review implementation of the 2025-2027 cooperation programme and discuss key priorities for the new period, including urban transport, science and technology, digital transformation, trade and investment, and cultural exchanges.

Vietnamese Ambassador to Mexico Nguyen Van Hai (fourth from right) and others attend the seventh Veracruz International Energy Congress. (Photo: VNA)

Vietnam, Mexico strengthen energy, port cooperation

A number of Mexican state Veracruz businesses expressed their wish to organise a delegation to Vietnam to gain first-hand insights into the market, seek partners and explore investment and business opportunities, initially focusing on trade, energy, agriculture and tourism.