Investment of 430 million USD poured into Van Don economic zone

Sunday, 2022-05-01 15:35:00
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The delegates press the buttons to launch the investment project. (Photo: NDO)
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NDO – A ground-breaking ceremony was held at Ao Tien high-class tourist urban area and harbor in Ha Long commune on April 30 to kick off the major construction projects in Van Don economic zone.

The projects were Ao Tien - Cat Linh Van Don luxury hotel and apartment complex; Crystal Holidays Harbor Van Don tourism, resort and entertainment complex; the category of hotels and villas under the Sonasea Van Don Harbor City Resort and Tourism Complex – Division 1; Van Don industrial cluster; and investment policy of a high-class furniture factory in Van Don economic zone.

All projects have a total investment of nearly 10 trillion VND (about 430 million USD). Once completed, they are expected to attract thousands of workers.

At the ground-breaking ceremony, Vice Chairman of Quang Ninh provincial People’s Committee Cao Tuong Huy said Van Don district and the management board of Van Don economic zone have made efforts to make planning easier, improve the investment and business environment, including administrative reform to build trust among investors and businesses as well as always support the firms to overcome all difficulties and challenges due to the COVID-19 pandemic.

At the ceremony, Quang Ninh provincial People’s Committee handed over the decision on the investment of the high-class furniture factory project in the Van Don economic zone to Van Don Sun Joint Stock Company.

The project has a land-use area of 34.53 hectares and a total investment of nearly 1 trillion VND. The first phase of the plant is expected to be put into operation in the third quarter of 2023 and the project is expected to be fully inaugurated in the fourth quarter of 2024.