Vietnam continues its ambitious infrastructure push with the groundbreaking of a key expressway segment, utilizing a public-private partnership to accelerate completion of the vital North-South corridor.
Project to deliver a total of 69,000 sq m of world-class ready-built industrial space for lease, with handover of the first factories expected in March 2024.
Northern Quang Ninh province is developing a professional night economy. Night activities are currently mostly concentrated in Ha Long city and Mong Cai city, but they are small, fragmented, and yet to receive adequate investment.
Dubbed “miniature Vietnam” due to its terrain of mountains, islands, plains, midlands, and borders, and with 632 historical, cultural, and scenic sites, including Ha Long Bay, which has been recognized by UNESCO as a World Cultural Heritage, northern Quang Ninh province is becoming a major tourist center in the country. In the first eight months of this year, the province welcomed 8.2 million visitors, with total revenue reaching nearly VND18 trillion ($758 million), up 249 per cent year-on-year.
Staying abreast of trends in shifting global supply chains, northern Quang Ninh province is transforming from tourism being a spearhead economic sector to focusing on hi-tech industry. It is now prioritizing the development of infrastructure along with seaport - industrial park complexes.
Northern Quang Ninh province has signed an MoU and presented an investment certificate to the $1.5-billion Stavian Petrochemical Plant project. This will be the first oil refinery and petrochemical plant in the province, to be built in Quang Yen town on an area of 30 ha and with a capacity of producing 600,000 tons of polypropylene a year.
Northern Quang Ninh province will promote investment attraction in three key economic zones - Quang Yen, Van Don, and Mong Cai - with special priority given to attracting investment in 15 industrial parks. To realize the policy, in addition to promoting investment in infrastructure development, the province will also soon complete planning and create the most favorable conditions for investors and foreign enterprises to access information.
At a cooperation conference between Hai Phong city and Hai Duong and Quang Ninh provinces in the 2022-2025 period, held on March 13, the three northern localities agreed to continue to focus on investing in transport infrastructure and to closely link the economic triangle of the Northern Key Economic Region with the rest of the country.
The two spans of the Van Tien Bridge in northern Quang Ninh province came together on December 5 after eleven months of construction. With a length of 1.5 km and costing more than VND800 billion ($35 million), the bridge is part of the Van Don - Mong Cai Expressway, which itself is part of the country’s national highway network.