Quang Ninh calling for investment

                                                        Photos: Duc Anh

Range of projects calling for investment in home of Ha Long Bay, including in tourism and property.

Northern Quang Ninh province is seeking capital for at least 14 investments in the tourism and property sector during the 2016-2020 period.

Mr. Truong Manh Hung, Deputy Head of the Investment and Promotion Agency (IPA) under the Quang Ninh Department of Planning and Investment (DPI), confirmed with VET that these projects are among 43 in which the province is calling for investment.

This full list of projects has already been approved by the province, he added.

Of the 14 projects, an eco-tourism resort on Phuong Hoang Island is the most prominent. The project is located at the Van Don Economic Zone and covers an area of 691 ha, with beaches, villas, hotels and a marina. It requires capital of $250 million, all of which must come from the investor.

The second most notable project is an ecotourism area in Minh Chau commune on Quan Lan Island, which will feature a golf course and three- to six-star hotels and requires capital of $159 million.

Another ecotourism resort has total capital of $150 million and is located on an area of 116 ha on Nat Dat Island, with beaches, villas, hotels and a marina.

"Investors can propose other projects, but they must be suitable with the province's planning," Mr. Hung said. "Each locality within the province will also issue a list of projects seeking investment."

Other projects include the Hon Chin high-class ecotourism complex in Van Yen commune with capital of $113 million, a tourism site in Binh Lieu ward with total investment capital of 38 million, the Cao Ba Lanh tourism site, with capital of $38 million.

Some projects are in principle economic fields and advantageous sectors, including the Dam Nha Mac Industrial and Service Zone, an Administrative Center in the Van Don Economic Zone, the Van Don - Tien Yen Highway, and an Industrial Breeding Development Center.

As at August 20, Quang Ninh province had granted investment certificates to 1,619 new projects with total registered capital of $9.795 billion, up 24.3 per cent year-on-year, while 770 existing projects added a total of $4.571 billion to their investment capital, or 83.7 per cent of the figure in the same period last year.

In the first seven months of this year Quang Ninh welcomed over 5.9 million visitors, an increase of 4 per cent year-on-year, according to the Quang Ninh Department of Culture, Sports and Tourism. Of these, 2.1 million were international visitors, up 42 per cent year-on-year.

by Ngoc Lan / vneconomictimes