Van Don Economic Zone needs 358.2 million USD for infrastructure

The People’s Committee of northeastern Quang Ninh Province has released a plan to implement Prime Minister Nguyen Xuan Phuc’s conclusion on the development of Van Don Economic Zone (EZ) that would require more than 8.35 trillion VND (358.2 million USD) to expand its infrastructure by 2030.
Van Don Economic Zone needs 358.2 million USD for infrastructure ảnh 1A view of Cai Rong port in the Van Don Economic Zone (Photo: enternews.vn)
Hanoi (VNA) - The People’s Committee of northeastern Quang NinhProvince has released a plan to implement Prime Minister Nguyen Xuan Phuc’sconclusion on the development of Van Don Economic Zone (EZ) that would requiremore than 8.35 trillion VND (358.2 million USD) to expand its infrastructure by2030.

The plan aims to make Van Don an economic hub of Vietnam and get the citylisted as one of the best places to live in the Asia-Pacific region.

The provincial budget will allocate 2.4 trillion VND in the 2019-2025 period forinvestment into infrastructure. The province has proposed supplementing thiswith 2.1 trillion VND from the State budget. The Van Don EZ will also mobilise 350billion VND from land funds and use its State budget collection forre-investment. It was estimated that the State budget collection would be some 3.5trillion VND in the 2026-2030 period.

Quang Ninh province set five key tasks to reach the goals. The priority taskwas to develop the EZ’s infrastructure including air, road and waterwaytransport systems and tourism infrastructure.

The plan proposed studying expanding the annual capacity of Van Don Airport tomore than five million arrivals and 30,000 tonnes of goods by 2030.

It also suggested attracting investors to build helipads on the province’sislands to facilitate transport between Van Don and Ha Long, Mong Cai and otherislands.

The plan would also accelerate the construction of Van Don – Mong Cai Expresswayand bridges connecting Cam Pha city to Van Don EZ.

The province also planned to build a coastal route along the new urban areas ofBai Tu Long Bay and upgrade the roads on Quan Lan – Minh Chau islands and thecable car route from Cai Bau to Tra Ngo – Cai Lim islands.

Van Don expected to attract investment in maritime infrastructure as well,including Hon Net– Con Ong Port, Cái Bầu Island Port and tourism ports on Minh Chau,Quan Lan, Ngoc Vung, Thang Loi and Van Canh islands.

The plan would give priority to supporting strategic investors in tourism and resortcomplexes. It would help investors complete investment procedures for theconstruction of high-end hotels in the Bai Dai and Cai Rong urban areas.

Other key tasks include the development of a modern high-tech tourism industry,high-tech agriculture and sustainable aquaculture.-VNA
VNA

See more

Domestic fuel prices adjusted upward from 3pm on June 12. (Photo: VNA)

Fuel prices continue upward trend on June 12

The price of E5 RON92 petrol is now capped at 19,462 VND (0.75 USD) per litre, up 199 VND from the previous adjustment, while RON95-III costs no more than 19,967 VND per litre, up 269 VND.

Minister of Industry and Trade Nguyen Hong Dien (R) meets with Senator Roger Marshall. (Photo: VNA)

Vietnam ready to further open market for US exports: Minister

Regarding the ongoing negotiations on a Reciprocal Trade Agreement between the two countries, he emphasised that Vietnam remains consistent in its approach to the talks with the US, aiming for a bilateral agreement based on respect for sovereignty, independence, political system, harmonisation and balance of interests, as well as in line with international commitments and the development level of each country.

Vietnam’s auto sales near 30,000 units in May (Illustrative photo: VNA)

Vietnam’s auto sales near 30,000 units in May

Of the vehicles sold, there were 20,014 passenger cars, 8,983 commercial units, and 213 special-purpose vehicles. While passenger car sales dipped 3.6% from the previous month, commercial vehicles surged 4% and specialised ones climbed 6%.

PM Pham Minh Chinh visits the French National Railway Company (SNCF) in Paris on June 11. (Photo: VNA)

PM urges France to share expertise in railway development

Visiting the SNCF, Prime Minister Pham Minh Chinh and his entourage learnt about the company's models, approaches, and experiences in investing in, constructing, and operating railway projects in many countries, particularly high-speed rail systems.