Investment News


Quang Yen town’s development helps Quang Ninh achieve double-digit growth

19/10/2021

With its advantage as a southwestern coastal urban area of Quang Ninh province, Quang Yen town has attracted many large projects in various fields. The town is exerting every effort to become a motivator helping Quang Ninh achieve the goal of double-digit growth in 2021 amidst complicated developments of the COVID-19 pandemic.

Officials examine a site for land clearance in Quang Yen town.

With its advantage as a southwestern coastal urban area of Quang Ninh province, Quang Yen town has attracted many large projects in various fields. The town is exerting every effort to become a motivator helping Quang Ninh achieve the goal of double-digit growth in 2021 amidst complicated developments of the COVID-19 pandemic.
This year, Quang Yen set a target of clearing ground for nine projects, including four transport infrastructure projects, four industrial parks and the Ha Long Xanh urban complex, with a total area of 4,470ha and more than 6,700 households affected.
One of the projects with a large area to be cleared is the Ha Long Xanh urban complex invested by VinGroup with a total capital of over 232.3 trillion VND (10 billion USD). The project covers about 4,110ha, with 3,186ha belonging to the territory of Quang Yen town. The number of affected households is 2,054.
To date, around 2,800ha of Quang Yen have been checked. The town is accelerating the work, with a hope to hand over the ground to the investor by the end of this year.
In order to ensure the goal of handing over the ground on time, the Centre for Land Fund Development is working with relevant localities to quickly complete land surveying.

Specifically, the area of land surface water, rivers, roads and irrigation has been reviewed and completed to hand over the site to the investor, reaching over 1,736 hectares. The town must conduct a tally of more than 1,000 ha/1,397.8 ha of agricultural land of all kinds of 1,482 households and organizations; complete 1,098 inventory records to establish the origin of land use and plan for compensation and site clearance. Currently, specialized agencies are completing inventory records for communes and wards to determine the origin of land use as a basis for making compensation plans. Pham Minh Ha, Deputy Director of the Centre, said that the unit has arranged its staff to work on Saturdays, Sundays and overtime to ensure the work and make compensation plans.
To achieve a double-digit growth rate and budget revenue of 51 trillion VND (over 2.2 billion USD) this year, the northern province of Quang Ninh is working to sustain the productivity of its economic pillars.
Authorities are taking action to address market-related difficulties and the increase in unsold inventory so as to encourage the coal industry, a major sector in Quang Ninh, to maximize the mining output, thus contributing to the gross regional domestic product (GRDP), the State budget, and social security.

Local authorities are tackling difficulties and creating optimal conditions for the processing and manufacturing industry, especially flour, plant oil, textile - garment, electronics, and mechanical factories, to maximize capacity and output so that this sector can serve a true growth impulse.
Some projects in local industrial parks will be sped up so as to partly or wholly become operational in Q4, thereby creating new products and subsequently a new impulse for growth.
Quang Ninh is also accelerating procedures so that work on four key projects worth over 283.2 trillion VND in total will begin this October. They are the Ha Long urban area complex, the Quang Ninh LNG gas power plant, Phase 1 of the Van Ninh general port, and the Dong Trieu golf course.

(TTXVN/Vietnam+)