Van Don to get 220 million USD resort complex

Van Don, a rural district of Quang Ninh province in the northeastern region of Vietnam, may soon see a 5 trillion VND (220 million USD) resort complex.

Tuesday, September 19, 2017 20:00

Van Don to get 220 million USD resort complex ảnh 1

A view of Van Don Island in the north-eastern Quang Ninh Province. (Photo: halongtourvietnam.org)

Hanoi (VNS/VNA) - Van Don, a rural district of Quang Ninh province in the northeastern region of Vietnam, may soon see a 5 trillion VND (220 million USD) 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.-VNA

VNA

#Van Don island #Quang Ninh tourism #resort complex in Van Don #CEO Group project in Van Don #Vietnam #Vietnam News Agency #vietnamplus Quang Ninh

See more

Kim Long Motor Hue JSC and Changan Automobile Group sign a cooperation agreement on building a factory. (Photo: VNA)

New passenger car factory to be built in Hue

16/01/2025 04:05

Kim Long Motor Hue Joint Stock Company and Changan Automobile Group (China) on January 14 signed a cooperation agreement to build a passenger car factory at an industrial park in the central city of Hue that will be capable of producing 50,000 vehicles per year.

Vietnam’s GDP growth is projected to reach 7.5% under normal conditions and up to 8% in an optimistic scenario for 2025. (Illustrative photo: VNA)

Vietnam’s GDP growth could reach 8% in 2025 amid challenges: BIDV experts

15/01/2025 18:45

Vietnam’s GDP growth is projected to reach 7.5% under normal conditions and up to 8% in an optimistic scenario for 2025, according to a research group at the Bank for Investment and Development of Vietnam (BIDV).

Deputy Prime Minister and Minister of Foreign Affairs Bui Thanh Son (R) and Ali Ijaz Ahmad, Chief Executive Officer of Singapore-based Makara Capital, at their meeting in Hanoi on January 15. (Photo: VNA)

Makara Capital urged to help Vietnam build international financial centres

15/01/2025 18:35

Deputy Prime Minister and Minister of Foreign Affairs Bui Thanh Son hosted a reception in Hanoi on January 15 for Ali Ijaz Ahmad, Chief Executive Officer of Singapore-based Makara Capital, urging the group to support Vietnam in developing international financial centres.

Oyster chips of the Tan Phat Loi Co-operative in Ca Mau province’s Ngoc Hien district are products under the country’s “One Commune – One Product” Programme. (Photo: VNA)

Mekong Delta food producers busy with production for Tet

15/01/2025 09:19

Food producers in the Cuu Long (Mekong) Delta are ramping up production under their 'One commune - One product' (OCOP) programme to meet demand for the upcoming Tet (Lunar New Year) festival.

The daily reference exchange rate for the US dollar is set at 24,338 VND/USD on January 15. (Photo: VNA)

Reference exchange rate drops 8 VND on January 15

15/01/2025 09:02

The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 24,338 VND/USD on January 15, down 8 VND from the previous day.

To afford a mid-range car, a family of two in Vietnam would have to work for more than three years and have no expenditures. (Photo: VNA)

Only 9% of households in Vietnam own a car

15/01/2025 09:00

Only 9% of households in Vietnam own a car, data from a mid-term population and housing survey for 2024 from the General Statistics Office (GSO) shows.

Quang Ninh sets land clearance as priority for FDI attraction

15/01/2025 03:43

The northern province of Quang Ninh is on a mission to cement its status as one of Vietnam's premier destinations for foreign direct investment (FDI), with a strategic focus on land clearance for industrial park infrastructure projects this year.

A street in HCM City. Vietnam is expected to become the third country in Southeast Asia that Bolt develops its ride-hailing services. (Photo: VNA)

European start-up enters Vietnam's ride-hailing market

14/01/2025 19:29

Bolt, an Estonian ride-hailing start-up, plans to enter Vietnam's market by launching a series of recruitment ads on social media.

Susan Burns, US Consul General in Ho Chi Minh speaks at the event. (Photo: VNA)

Vietnam, US cooperate in developing sustainable industry toward net-zero

14/01/2025 18:09

A workshop themed US-Vietnam Getting to Net-Zero: Roadmap to Sustainable Industrial Development was held in Ho Chi Minh City on January 14 by the US Commercial Service in the city, in partnership with the International Financial Centre (IFC) and Saigon Tel.

Raw coal is delivered to the Vang Danh coal sorting plant in Quang Ninh province (Photo: VNA)

Nearly 3 million tonnes of coal to be extracted to meet January demand surge

14/01/2025 17:26

The demand for coal is projected to rise sharply this month, particularly for power plants, given lower rainfall and increased production to prepare for the upcoming Lunar New Year celebration.

Deputy Prime Minister Tran Hong Ha at the 12th meeting of the national steering committee for IUU fishing prevention and control on January 14 (Photo: VNA)

Deputy PM orders enhanced fishery management tools

14/01/2025 16:55

Deputy Prime Minister Tran Hong Ha has asked the Ministry of Agriculture and Rural Development to complete the comprehensive integration and smooth connectivity to the national fisheries database (VN-Fishbase), vessel monitoring system (VMS), and electronic traceability system (eCDT) in Q1, ensuring seamless data flow from central to local authorities, a move to clamp down on illegal, unreported and unregulated (IUU) fishing.

Illustrative image (Photo: thoibaotaichinhvietnam.vn)

Majority of credit institutions expect profit growth in 2025

14/01/2025 14:36

The majority of credit institutions forecast their business performance in the first quarter and the whole year of 2025 will be more positive than that last year, the latest survey of the State Bank of Vietnam (SBV) shows.

Opportunities, challenges in store for rice exports after New Year

14/01/2025 12:51

After a record year in 2024 export volume and value, Vietnam’s rice sector is moving into a new year of challenges and opportunities, with significant swings expected in both supply and demand for rice on the world stage.

A view of the Van Phong economic zone in Khanh Hoa province. (Photo: VNA)

Huge room for Khanh Hoa to expand cooperation with Chinese firms: official

14/01/2025 11:43

With its strategic importance in the central key economic region, well-developed and interconnected infrastructure, coupled with ample potential for tourism development, Khanh Hoa province is an ideal location for Chinese businesses to seek opportunities for cooperation and investment, Vice Minister of Foreign Affairs Pham Thanh Binh has said.

Products showcased at the Investment & Trade Promotion Centre of Ho Chi Minh City. (Photo: nhandan.vn)

Businesses must embrace new trends to boost exports to US: experts

14/01/2025 10:43

Trade cooperation between Vietnam and the US presents both vast opportunities and significant challenges, as the latter enters a new phase with major adjustments to its economic and foreign policies, which are expected to have a wide-reaching impact on global trade and investment activities.

Vietnamese Ambassador to the UK Do Minh Hung (centre), embassy staff and VBUK members (Photo: VNA)

Vietnamese Business Association in UK sets 2025 agenda

14/01/2025 09:41

The Vietnamese Business Association in the UK (VBUK) has announced plans to reshape the landscape of Vietnam-UK trade relations, focusing on driving business community forward, fostering its unity and strengthening connections with their Vietnamese partners both at home and abroad.