Northern province calls upon investment in Van Don Economic Zone

Van Don will become a green, modern and smart coastal city; an economic and cultural center of the region with a focus on developing services and IT-applied sectors; an international luxury tourism and integrated resort according to master plan of socio-economic development of Van Don EZ towards 2030, with a vision to 2050 which was approved by the Prime Minister in December 2018. The Prime Minister defined it as one of the eight coastal EZs which received investment from state budget in the period of 2016-2020.

A recent statistics shows that, in the period of 2007-2018, total investment extracted from state budget for Van Don EZ was 8 trillion VND, of which 1.6 trillion VND from central budget and 6.4 trillion VND from provincial budget. In 2018 alone, Quang Ninh spent 2.168 trllion VND on developing Van Don EZ’s infrastructure.

So far, some infrastructure constructions invested by state budget have been completed and put into operation, contributing to boost socio-economic development, such as the main road connecting provincial road No.334 to Van Don International Airport; the road from resettlement area in Van Yen Commune to the park complex in the east of Cai Bau island, the inter-road running through Quan Lan island to Minh Chau Iisland, the resettlement area in Ha Long commune.

The province also made a proposal submitted to the Politburo and the Prime Minister to approve Sun Group as a strategic investor of the province in general and Van Don EZ in particular. Some major projects that Sun Group is carrying out in Van Don Economic Zone including Van Don International Airport, Ha Long-Van Don Highway, upgrading Highway 18A section Ha Long-Mong Duong, Van Don Luxury Resort and Entertainment Complex.

Apart from that, there are also big projects proposed by other investors with an estimated total investment of up to 56 trillion VND. For example, Sonasea Van Don Harbor City by CEO Group, Furama Ha Long Vietnam Resort and Vilas by Van Hai Viglacera Joint-stock Company, Van Don Heritage Road by Van Don Heritage Road Joint-stock Company, Golf and 5-star hotel at Ao Tien area by Hai Dang Construction and Investment Joint-stock Company, Luxury Resort on Ngoc Vung Island by FLC Group.

As the result, Van Don EZ will soon become a dynamic economic centre, ideal destination for investors, and both domestic and international tourists./.