Quang Binh Province approves 35 investment projects

Monday, Jan 18, 2021 15:18

A view of the Son Doong Cave in the central province of Quang Binh. The province has agreed a huge investment package worth nearly US$4 billion. — VNA/VNS Photo

Thirty-five investment projects have been given the green light by the central province of Quang Binh at a conference on Sunday

The projects will help boost trade, tourism and urban development with a total investment capital of about VND93 trillion (US$3.96 billion).

Of the 35 projects, 13 were awarded investment policies, including outstanding ones with large total investments such as Quang Trach II Thermal Power Plant Project invested by Vietnam Electricity (VND48 trillion), and Vinh Hung high-class resort, sports, commercial and entertainment resort (VND2.7 trillion).

The People's Committee of Quang Binh Province also signed investment memorandums to 22 projects of 17 investors with a total investment of nearly VND70 trillion. In which, the largest is the Phuc Loc Tho wind power plant project by the joint venture of Dong Tam Group Joint Stock Company and Quadran International Company of Lucia Group (France) with a total investment of VND28 trillion.

Deputy Prime Minister Trinh Dinh Dung, representatives from the province’s authorities, as well as 500 local and foreign investors, business owners and Government officials were at the event.

Deputy PM Dung said the conference is an important event with great significance, taking place before the 13th National Party Congress.

“Despite the losses caused by historic natural disasters in 2020, the province’s economy still grew by 2.63 per cent,” he said.

“Major industrial projects such as the Quang Trach II Thermal Power Plant and the B&T wind farm cluster have started, showing high determination for growth by the province and investors.

“Quang Binh has played to its strength to grow the tourism economy. This is one of the province’s biggest successes of its tourism development strategy.”

Speaking at the conference, Secretary of the province’s Party Committee Vu Dai Thang said: "The huge amounts of investment capital speak volumes about local and international investors' interest in the province, which is a great sign for a new era of development.

"We would like to continue to receive support from the Party, the State and the Government and all sectors. We would also like to invite businesses in and out of the country to further seek investment opportunities in our province.”

The two-day investment promotion conference which concluded yesterday focused on showcasing the potential and strengths of the central province in the energy industry, tourism, services, agriculture and the marine economic sector.

On the same day, construction work started on a five-star hotel and international convention centre complex by FLC in the province’s Quang Ninh District.

It includes two 12-storey hotels and a multi-functional convention centre with a 12,000-seat auditorium and several conference rooms.

The complex is an important part of the FLC Quang Binh Beach & Golf Resort, which spans 20ha and costs VND20 trillion ($861 million) to build.

Speaking at the inauguration ceremony, vice chair Huong Tran Kieu Dung of FLC’s management board expressed her confidence in the province’s tourism potential.

“Quang Binh is one of the few localities in Viet Nam and the world to be recognised twice by UNESCO as the world’s cultural heritage, which was for the Phong Nha-Ke Bang National Park and Son Doong cave,” she said.

“These invaluable gems make Quang Binh a dream destination for millions of tourists worldwide, and it’s also been leading the country in terms of tourism growth.”

Chairman of Quang Binh People’s Committee Tran Thang said the province highly values FLC’s investment.

He said: “The project will transform the province’s tourism sector and play a huge part in developing its tourism framework, creating major contributions to the region.” — VNS

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