Vingroup’s $ 10 billion super project progress in Quang Ninh

3 min read
Thủ tục triển khai siêu dự án 10 tỉ USD của Vingroup đang thực hiện đến đâu? - Ảnh 1.

Project perspective of Ha Long Xanh complex urban area. (Source:

Quang Ninh Provincial People’s Committee has just sent documents to relevant departments and Vingroup on the implementation of the project of Ha Long Xanh urban area in Quang Yen town and Ha Long city.

Accordingly, after listening to the report of the Department of Planning and Investment (Planning and Investment) and the comments of the units, Vice Chairman of the Provincial People’s Committee Cao Tuong Huy gave guidance on the research boundary of the land swap fund. National defense in Dai Yen ward, Ha Long city (swap the factory land fund of X48 and Brigade 170 to construct a road project connecting Ha Long City with Cam Pha City).

In this regard, the Provincial People’s Committee issued a written approval for the research policy on the plan of the swap land fund at the position adjacent to Battalion 471, 472 / Brigade 147 in Dai Yen ward, Ha Long city with an area of about 20 ha, including the waters. However, at the request of the Naval Region 1 Command, the land area required was about 20 hectares.

Therefore, the Provincial Vice Chairman requested the Department of Construction to implement the direction of the Chairman of the Provincial People’s Committee to preside over and coordinate with relevant departments and agencies and the People’s Committees of localities in Ha Long and Quang Yen to review the current historical status use the land in the area to advise and propose the Provincial People’s Committee at another location for the provincial People’s Committee to report to the Ministry of Defense as a basis for project implementation.

At the same time, the leaders of this province also requested departments and branches to have specific documents at the request of the Department of Planning and Investment to send them to the Department before September 12. Then, this Department synthesizes the written explanation of the PPC and sends it to the MPI.

For Vingroup, the provincial leaders urgently requested to complete the environmental impact assessment dossier to submit to the Ministry of Natural Resources and Environment for appraisal and approval as a basis for reporting to the Prime Minister for decision on the project investment.

The Ha Long Xanh Complex Urban Project has a size of about 4,109 ha, total estimated investment of 232,369 billion VND (equivalent to about 10 billion USD), by the joint venture Vingroup Group (Code: VIC) and Vinhomes JSC ( Code: VHM) to be an investor.

In which, the investor’s contributed capital is equal to 15% of the total investment or other minimum required amount. Vingroup plans to contribute 30% of the capital in cash. The remaining 85% of total investment is raised by Vinhomes from banks, credit institutions and other legitimate sources of capital.

The project implementation site is in the wards of Ha Khau, Dai Yen (in Ha Long City) and the wards, Tan An, Ha An, Hoang Tan, Lien Hoa wards (of Quang Yen town).

The project, after completion, will be a multi-purpose complex, with coastal urban identity, associated with ecological resorts, golf courses and services, This is a city oriented development today modern and synchronous technical and social infrastructure, meeting the needs of local people and developing tourism infrastructure according to the approved planning.

Previously, in early June 2020, the People’s Committee of Quang Ninh province issued a decision to recognize the partnership of Vingroup Group – Vinhomes Joint Stock Company meeting the preliminary requirements on capacity and experience to register for the project.

Source: – Translated by