Since Van Don Economic Zone was approved in 2007 by the Prime Minister, Quang Ninh has effectively promoted its advantages and potential and call for investment, aiming at gradually realizing the target of developing Van Don Economic Zone as an economic driving force for Vietnam and becoming one of top livable cities in Asia-Pacific region.
According to master plan of socio-economic development ofVan Don Economic Zone towards 2030, with a vision to 2050 which was approved by the Prime Minister on Dec 27th 2018, 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…The Prime Minister defined Van Don Economic Zone as one of the 8 coastal EZs which received investment from state budget in the period of 2016-2020.
According to a recent statistics, in the period of 2007-2018, total investment extracted from state budget for Van Don Economic Zone was 8 trillion VND, of which1.6 trillion VND from central budget and 6.4 trillion VND from provincial budget. In 2018 alone, Quang Ninh spent 2,168 billion VND on developing Van Don Economic Zone’s infrastructure.
To date, some infrastructure constructions invested by state budget have been completed and put into operation, contributing to boost socio-economic development, namely 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 Island, the resettlement area in Ha Long Commune.
Quang Ninh 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-MongDuong, Van Don Luxury Resort and Entertainment Complex…
Along with on-going Sun Group’s projects, there are also big projects proposed by other investors with an estimated total investment of up to 56 trillion VND (2.4 billion USD). For example, Sonasea Van Don Harbor City by CEO Group, Furama Hạ 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.
Thanks to connected transportation network and investors’ interest, Van Don Economic Zone will soon become a dynamic economic center, ideal destination for investors, and both domestic and international tourists.
Translated by Quynh Trang
