The People’s Committee of  Ninh Binh province in northern Vietnam  has approved investors for two key projects in Ha Nam ward, including an Educational-Training and Commercial Service Complex, and a Non-Public Multi-Purpose Cultural Area.

The Mat Troi Training Institute Ltd. Co. has been licensed to invest in the Educational-Training and Commercial Service Complex, with total capital estimated at over VND3.48 trillion ($131 million). The investor will contribute 15% of the capital, with the remainder mobilized from other legal sources.

Construction is scheduled to begin in the fourth quarter of 2026, and the project is expected to become operational in late 2032.

Meanwhile, the Ba Na Suoi Mo Golf Course Joint Stock Company will develop the Non-Public Multi-Purpose Cultural Area, with an investment of more than VND718 billion ($27 million). The investor will contribute 20% of the funding.

The project is slated for implementation between 2025 and 2030.