Investors, both foreign and domestic, have been flocking to thenortheastern province of Quang Ninh as it is expected to be aninternational urban area by 2050, the English language news portalVietNamNet Bridge reported on September 10.
The province is one ofthe most attractive destinations for real estate developers thanks toits great advantages for tourism development and local authorities’desire to encourage investment in the service sector.
Quang Ninhbecame even more attractive recently when the provincial authoritiesannounced a plan to build it into an international urban area by 2050.
A special economic zone, Van Don, will be set up there in the future, while a casino project has been put into discussion.
ThaiAmata Group is reportedly moving ahead with its plan to build a hi-techindustrial and urban zone in Quang Ninh with investment capital of up to2 billion USD. This is expected to be a 7.8 hectare complex, comprisinga high-technology park, free trade area, research & developmentcentre, educational establishments and urban area.
The Quang Ninhprovincial authorities have requested the investor to submit thedetailed plan for approval and investment licensing, slated forSeptember.
IPP Group and the partners from Australia on June 10visited to seek investment opportunities in Van Don, where they plan tobuild duty-free shops.
The US-based ISC Corp has also expressedits willingness to invest in a 7.5 billion USD recreation complex with acasino on Tuan Chau Island in Ha Long city.
Meanwhile,Quang Ninh’s authorities have called for investments in a series of hugeprojects, including a recreational complex with a casino, capitalized atroughly 4 billion USD.
While foreign investors have drawn theirprojects on paper, domestic investors have been more confident abouttheir investments.
Tuan Chau Group of renowned businessman DaoHong Tuyen has planned a series of big projects in the fields of tourism,trade, hotels, amusement parks, marinas and golf courses.
Thecompany recently signed a credit contract with LienViet Post Bank onfunding the international marina and Smart City projects worth hundredsof millions of dollars.
Meanwhile, Syrena Vietnam, a subsidiaryof Bim Group, is going to kick off Little Vietnam, a project in the HaLong Marina Urban Area.
Vingroup, owned by Pham Nhat Vuong, theonly Vietnamese dollar billionaire, has also landed in Quang Ninh withVincom Center Ha Long project. It comprises four floors and one basementwith total floor area of 37,240 square metres.
Sources said Vingroup is also considering developing a resort with 5-star hotel in Ha Long city on an area of 4.96 hectares.
SunGroup has asked for the provincial authorities’ help with three bigprojects, including a coastal amusement park, an eco-tourism complex onMinh Chau – Quan Lan Island and a hot spring resort in Cam Phacity.
Asenior executive of Bim Group said the group can see great potential inQuang Ninh which is considered as a golden land for tourism & resortdevelopment.-VNA
The province is one ofthe most attractive destinations for real estate developers thanks toits great advantages for tourism development and local authorities’desire to encourage investment in the service sector.
Quang Ninhbecame even more attractive recently when the provincial authoritiesannounced a plan to build it into an international urban area by 2050.
A special economic zone, Van Don, will be set up there in the future, while a casino project has been put into discussion.
ThaiAmata Group is reportedly moving ahead with its plan to build a hi-techindustrial and urban zone in Quang Ninh with investment capital of up to2 billion USD. This is expected to be a 7.8 hectare complex, comprisinga high-technology park, free trade area, research & developmentcentre, educational establishments and urban area.
The Quang Ninhprovincial authorities have requested the investor to submit thedetailed plan for approval and investment licensing, slated forSeptember.
IPP Group and the partners from Australia on June 10visited to seek investment opportunities in Van Don, where they plan tobuild duty-free shops.
The US-based ISC Corp has also expressedits willingness to invest in a 7.5 billion USD recreation complex with acasino on Tuan Chau Island in Ha Long city.
Meanwhile,Quang Ninh’s authorities have called for investments in a series of hugeprojects, including a recreational complex with a casino, capitalized atroughly 4 billion USD.
While foreign investors have drawn theirprojects on paper, domestic investors have been more confident abouttheir investments.
Tuan Chau Group of renowned businessman DaoHong Tuyen has planned a series of big projects in the fields of tourism,trade, hotels, amusement parks, marinas and golf courses.
Thecompany recently signed a credit contract with LienViet Post Bank onfunding the international marina and Smart City projects worth hundredsof millions of dollars.
Meanwhile, Syrena Vietnam, a subsidiaryof Bim Group, is going to kick off Little Vietnam, a project in the HaLong Marina Urban Area.
Vingroup, owned by Pham Nhat Vuong, theonly Vietnamese dollar billionaire, has also landed in Quang Ninh withVincom Center Ha Long project. It comprises four floors and one basementwith total floor area of 37,240 square metres.
Sources said Vingroup is also considering developing a resort with 5-star hotel in Ha Long city on an area of 4.96 hectares.
SunGroup has asked for the provincial authorities’ help with three bigprojects, including a coastal amusement park, an eco-tourism complex onMinh Chau – Quan Lan Island and a hot spring resort in Cam Phacity.
Asenior executive of Bim Group said the group can see great potential inQuang Ninh which is considered as a golden land for tourism & resortdevelopment.-VNA
