Proposal to build a 51 million USD hemp factory; Opening of Ben Rung bridge costs more than 1,940 billion VND

Proposal to build a 51 million USD hemp factory; Opening of Ben Rung bridge costs more than 1,940 billion VND

Capital Holding proposed to invest in a 51 million USD hemp fiber factory project in Thai Binh; opened Ben Rung bridge worth over 1,940 billion VND connecting Hai Phong - Quang Ninh... Those are two of the notable news in the past week.

Proposal to invest 1,750 billion VND to build passenger terminal T2 at Dong Hoi Airport

Vietnam Airports Corporation – JSC (ACV) has just submitted a document to the Ministry of Transport requesting consideration and appraisal of the Feasibility Study Report on the construction investment of Component Project 1 – Construction of Terminal T2, Dong Hoi Airport in Loc Ninh Commune, Dong Hoi City, Quang Binh.

Perspective of Passenger Terminal T2 Dong Hoi Airport.

This is a level I traffic project belonging to group B project with a designed life span of 100 years, with the investor being the ACV Board of Directors.

Accordingly, Dong Hoi Airport's T2 passenger terminal will be designed with a capacity of 3 million passengers/year (equivalent to 1,200 passengers/peak hour) and has an expansion plan to increase capacity to 5 million passengers/year when needed (after 2030).

Dong Hoi Airport T2 Passenger Terminal is designed with a scale of 2 floors combined with a mezzanine with 2 separate departure and arrival levels. The total floor area of ​​the terminal is 17,567 m2, connected to the aircraft parking area including 3 walkways by passenger tube bridge code C and 1 walkway by cobus. According to the preliminary design, the terminal will have 24 check-in counters, traditional baggage check-in, 2 conveyor belts for loading and unloading departing baggage and 3 conveyor belts for returning arriving baggage.

In addition to the terminal building, Component Project 1 - Construction of Terminal T2, Dong Hoi Airport also builds synchronous auxiliary items including electricity and water systems; fire fighting; wastewater treatment, solid waste collection; motorbike and car parking; canteen; toll station; traffic system, parking lot; main road access to the terminal, etc.

With the above investment scale, Component Project 1 - Construction of Terminal T2, Dong Hoi Airport has a total investment of 1,750 billion VND, of which compensation and resettlement costs are 45 billion VND; construction costs are 1,073 billion VND; equipment costs are 387 billion VND...

ACV representative said that the project is expected to start construction in the third quarter of 2024 and be completed and put into use in the first quarter of 2026. When completed, the project will improve service quality, promote economic development, tourism and ensure traffic safety for the locality.

It is known that the existing Dong Hoi Airport passenger terminal has a designed capacity of about 500,000 passengers/year. In 2022, Dong Hoi Airport received and served about 718,000 passengers; in 2023, the number of passengers passing through the airport reached about 750,000 passengers.

The growth rate of passenger transport through Dong Hoi Airport in recent years has been higher than the average of the Vietnamese airport system. Thus, currently the passenger terminal of Dong Hoi Airport is operating beyond its design capacity, affecting service quality and security conditions during operation.

Therefore, investing in the construction of a new passenger terminal at Dong Hoi Airport is necessary to meet the transportation needs at Dong Hoi Airport in the coming time and contribute to improving the quality of the airport's operational services.

Proposal to invest in Van Phong Airport under PPP method, capital of 7,900 billion VND

Khanh Hoa Provincial People's Committee has just submitted a document to the Ministry of Transport (MOT) and the Civil Aviation Authority of Vietnam on the planning project of Van Phong Airport, Khanh Hoa province for the period 2021 - 2030, with a vision to 2050.

Accordingly, the location of Van Phong Airport is studied in Van Thang commune, Van Ninh district, Khanh Hoa province, about 65km south of Nha Trang city, about 101km south of Cam Ranh international airport, and about 49km north of Tuy Hoa airport.

The total planned land area is about 497 hectares. The planned airport area is located entirely on the coastal water surface, without residents, protected forests, mangrove forests, historical relics and no planning for boat anchorage or storm shelters, convenient for compensation and site clearance, without affecting houses and existing structures.

In the first phase, Van Phong Airport will be invested with a capacity of 1.5 million passengers/year, according to ICAO level 4E design standards and level I military airport.

Khanh Hoa Provincial People's Committee has developed 3 investment options for Van Phong Airport under the public-private partnership (PPP) model. Option 1, the state will support the relocation. PPP investors will invest in the complete construction of airport infrastructure. Option 2, PPP investors will invest in a number of essential works including the construction of a passenger terminal, aircraft parking lot, and traffic infrastructure. State budget sources (central and local budgets) will invest in the remaining items, including airport leveling; construction of runways and taxiways; and construction of works to ensure flight operations.

Option 3: State budget (central and local budgets) to support relocation; invest in projects to ensure flight operations; and partially support the ground leveling work of the airport area.

The PPP investor will invest in the remaining items, including leveling the civil aviation area; building the airport area, civil aviation area; and connecting traffic system. However, option 3 is proposed for study and implementation, because according to the People's Committee of this province, it ensures feasibility.

According to this locality's calculations, the preliminary total investment in the construction of Van Phong Airport in the first phase is about 7,892 billion VND (excluding loan interest), serving 1,500,000 passengers/year, equivalent to 600 passengers/peak hour.

Of which, the State budget capital (central budget and local budget) is proposed to support about 2,150 billion VND (accounting for 27.2%) to implement the Project of investing in works to ensure flight operations; partially supporting the work of leveling the airport area.

The BOT investment capital is about VND 5,742 billion (accounting for 72.8%) including equity capital and commercial loans mobilized by investors. The expected payback period is about 47 years.

Asia's second richest billionaire announces plan to build seaport in Da Nang

According to international press sources, Adani Ports and Special Economic Zone CEO Karan Adani, the eldest son of billionaire Gautam Adani, said in an interview that the company has received preliminary approval from the Vietnamese government to develop a new seaport in Da Nang City.

Billionaire Gautam Adani.

He revealed that the project will have a container terminal and a multi-purpose terminal to handle various types of cargo. However, the project is in the initial planning stage and the total investment required has not been decided yet.

According to Mr. Karan, the port planned to be built in Da Nang will be the fourth international port of the Adani Group, after Haifa port in Israel, Colombo port in Sri Lanka and Dar es Salaam port in Tanzania.

The Adani Group is owned by Indian billionaire Gautam Adani, the second richest man in Asia. Adani Ports, a subsidiary of the Group, is the fourth largest port operator in India.

The group is handling about 5% of international cargo volume into India and wants to increase this to 10% by 2030. The Adani Group is looking for opportunities in the Middle East, Southeast Asia, East Africa, Bangladesh, Sri Lanka, Maldives, Vietnam and Cambodia - areas that have bustling trade relations with India.

“Our idea is to make India a maritime hub. We are targeting countries with good manufacturing or high population that have potential as a consumer market. We are focusing on exports from these countries,” said Mr. Karan.

It is known that in December 2023, Adani Group Chairman Gautam Adani shared that the Indian group plans to invest up to 10 billion USD in infrastructure and renewable energy in Vietnam.

According to Mr. Adani, the group is aiming to invest in seaports, green energy, power transmission, airports, inland waterways and other areas of mutual interest.

VinFast breaks ground on $200 million electric vehicle assembly plant in Indonesia

The factory is built in Subang, Indonesia's new industrial hub, with an initial investment of about 200 million USD, an expected capacity of 50,000 vehicles/year, and main areas are body shop, assembly, painting, and testing area.

Building a factory in the most potential electric vehicle market in Southeast Asia will create job opportunities for local workers, affirming VinFast's strong determination in its expansion strategy in the regional market and its commitment to promoting the Indonesian electric vehicle industry.

The project will also create thousands of job opportunities for local people, increase the proportion of skilled labor, strongly contribute to the economic and social development of local communities as well as make an important contribution to promoting green transportation in Indonesia.

General H. Moeldoko, Chief of Staff of the Indonesian President, shared that the presence of the VinFast factory in Subang not only has a positive impact on the local economy but also creates many new job opportunities and improves the lives of the community.

The Indonesian government has always strongly encouraged foreign investment, especially in the automotive industry. We believe that the presence of VinFast will bring much-needed technological innovation and knowledge transfer to enhance the competitiveness of the national automotive industry.

Mr. Temmy Wiradjaja, General Director of VinFast Indonesia, said that just a few months after officially launching the brand in the market, the groundbreaking event of the factory affirms VinFast's strategy of expanding and enhancing its competitiveness in the Indonesian market, marking an important milestone in the strategy of expanding and conquering the region's leading potential electric vehicle market. We believe that the project will be a testament to VinFast's long-term commitment to Indonesia, contributing to promoting the electric vehicle industry, supporting economic growth and improving the quality of life of the Indonesian people.

VinFast has been quick to launch its business activities and increase its brand awareness in Indonesia. The company has officially launched two electric SUV models, the VF 5 and VF e34, in the right-hand drive version, opened dealerships, applied flexible sales policies and pioneered the introduction of a unique battery leasing policy to the market.

PV Power proposes energy project complex expected to cost 3.98 billion USD in Ninh Thuan

Mr. Trinh Minh Hoang, Vice Chairman of Ninh Thuan Provincial People's Committee, had a working session to listen to the report on the research results of the proposed Lam Son Pumped-Storage Clean Power Production Complex invested by Vietnam Oil and Gas Power Corporation (PetroVietnam Power, abbreviated as PV Power).

PV Power representative reported the research results to propose the Lam Son clean power production complex to the Ninh Thuan Provincial People's Committee. Source: NTV.

At the meeting, according to PV Power's proposal, the Lam Son clean energy production complex is located in Lam Son commune, Ninh Son district; including three component projects: a 1,440 MW pumped storage hydropower project (6 units), a 3,500 MWp solar power project and a 350 MW battery storage system (BESS).

The complex's electricity output reaches 5.87 billion kWh/year; the preliminary total investment is 3.98 billion USD. The expected land use demand is about 184.2 hectares for pumped storage hydropower and about 2,000 hectares for solar power (new investment combined with purchasing electricity from existing investors).

The project implementation period is from 2026, put into operation at the end of 2030. The project's goal is to maximize the potential of solar energy and pumped storage hydropower in Ninh Thuan to produce clean electricity; thereby meeting the goal of making Ninh Thuan the country's renewable energy center.

Speaking at the meeting, Mr. Trinh Minh Hoang, Vice Chairman of Ninh Thuan Provincial People's Committee, highly appreciated the investor's proposed idea for the project, the project's suitability with the province's development orientation. Therefore, Ninh Thuan Provincial People's Committee agreed and created favorable conditions for PV Power to conduct surveys and prepare project documents.

The Vice Chairman of Ninh Thuan province also requested the investor to speed up the process of completing investment procedures so that the project can be implemented; adjust the appropriate area for the proposal of the solar power project to save land fund...

In the list of 55 priority projects calling for investment (according to Decision No. 193, dated March 30, 2024), Ninh Thuan province is calling for investment in 9 energy and renewable energy projects. Of which, Phuoc Hoa Pumped Storage Hydropower Project in Ninh Son and Bac Ai districts has an area of ​​136.97 hectares, a total investment of VND 22,865 billion, and a capacity of 1,200 MW.

Korean corporations want to invest in energy, smart agriculture in Vietnam

On July 16, the Korea Trade-Investment Promotion Agency (KOTRA) under the Ministry of Trade, Industry and Energy of Korea (MOTIE) organized the event "2024 Vietnam - Korea Plus Partnership Week" in Ho Chi Minh City.

Vietnam - Korea Enhanced Partnership Week 2024.

The event took place in the context of the bilateral relationship between Vietnam and Korea being upgraded to a "Comprehensive Strategic Partnership" following the declaration of the two countries' senior leaders during the state visit to Korea by the President of Vietnam in December 2022.

With the theme of smart and environmentally friendly industries such as: Energy and environment, health and healthcare, smart agriculture… KOTRA aims to lay the foundation for future prospects of Vietnam – Korea “plus” economic cooperation.

Mr. Lee Ji Hyung, Director of Economic and Trade Cooperation of KOTRA, said that this year's Vietnam - Korea Enhanced Partnership Week focuses on main activities such as: Connecting B2B trade with Korean enterprises in the smart industry; conference to introduce prospective ODA (Official Development Assistance) and PPP (Public-Private Partnership) projects in the Southern region...

In particular, the B2B trade connection activity in the smart industry attracted the participation of more than 70 Korean enterprises and about 150 Vietnamese enterprises. In particular, there were also Vietnamese enterprises from the Northern and Central provinces.

Tomorrow, July 17, the Conference to introduce ODA and PPP projects in the Southern region will also be held. Accordingly, there will be 6 project investors, which are state agencies and organizations based in Ho Chi Minh City and the Southern provinces, who will introduce dozens of projects that Korean contractors and investors are interested in.

This event attracted about 40 Korean enterprises, including big names such as Dohwa Engineering, Hyundai E&C, Kumho E&C, Posco E&C, Samsung (Samsung SDS, Samsung E&A), Taihan Cable & Solution...

Currently, Vietnam and Korea have many relatively diverse cooperation mechanisms and frameworks, including multi-sectoral and specialized cooperation, multilateral and bilateral, at many different levels.

These include the Asia-Pacific Cooperation Forum (APEC), the Asia-Europe Meeting (ASEM), the Mekong-Korea cooperation mechanism, ASEAN-Korea, ASEAN+3, the ASEAN Regional Forum (ARF), the East Asia Summit (EAS), the Diplomatic-Security-Defense Strategic Dialogue at the Deputy Ministerial level, the Vietnam-Korea Security Dialogue at the Deputy Ministerial level, the Vietnam-Korea Defense Dialogue at the Deputy Ministerial level, etc.

Mr. Do Nhat Hoang, Director of the Foreign Investment Agency (Ministry of Planning and Investment) informed that economic, trade and investment cooperation plays a pivotal role in the relationship between the two countries. Korea continues to maintain its position as Vietnam's number 1 partner in foreign direct investment; second in the role of bilateral ODA donor to Vietnam; and third in two-way trade exchange with Vietnam.

Regarding investment, cumulatively up to June 2024, total direct investment from Korea to Vietnam reached nearly 87.5 billion USD with more than 10,000 investment projects. Of which, investment in the processing and manufacturing industry accounted for nearly 3/4 of the total registered capital and nearly 1/2 of the total number of projects.

Regarding development cooperation (ODA), Vietnam continues to be the top priority partner to which Korea provides development assistance, accounting for about 20% of Korea’s total aid. Priority areas receiving Korea’s ODA are urban transport infrastructure, education and training, environment, clean energy, information technology, etc.

In June 2023, the two sides signed a cooperation agreement for the 2023-2030 period worth 2 billion USD to implement large-scale development projects in the field of transport and urban infrastructure in Vietnam. By the end of 2023, the Korean Government's non-refundable aid to Vietnam through KOICA - Korea International Cooperation Agency, reached about 600 million USD and preferential loan aid through EDCF - Korea Economic Development and Cooperation Fund, reached nearly 2.6 billion USD.

In terms of trade turnover, bilateral trade has grown dramatically from a modest 500 million USD in the first year of establishing diplomatic relations to 87 billion USD in 2022 and 76 billion USD in 2023. In the first 6 months of 2024 alone, it reached nearly 39 billion USD. The two countries are aiming to reach a turnover of 150 billion USD by 2030.

In addition, South Korea has surpassed China to rise to the No. 1 position in the number of visitors to Vietnam in the post-Covid-19 period from 2022 to present, and ranked 3rd in Vietnam's labor export market.

“Therefore, to attract FDI capital, Vietnam has been persistent in stabilizing and developing the macro economy for many years; continuously reforming institutions, improving the investment environment, investing in infrastructure, etc. At the same time, Vietnam also prioritizes foreign investment linked with domestic enterprises to create mutual support in the coming time,” Mr. Do Nhat Hoang shared.

In the coming period, Vietnam will prioritize industries to attract investment such as electronics, semiconductors, renewable energy, digital economy - digital transformation, high-tech agriculture, financial centers, innovation, research and development, etc.

Hung Yen attracts nearly 1.5 billion USD in the first half of 2024

In recent times, Hung Yen’s investment environment has been significantly improved. Incentive policies to attract domestic and foreign investment have helped Hung Yen receive large investment sources, creating momentum to promote economic growth. The right orientations have made Hung Yen one of the “strongholds” chosen by investors.

Currently, the province has 578 foreign-invested projects, with a total registered capital of over 7.5 billion USD. Countries with many projects and large investment capital are Japan (176 projects, registered capital of 3.8 billion USD, accounting for 50.98% of total registered capital), South Korea (154 projects, registered capital of over 900 million USD, accounting for 11.88%), China (151 projects, registered capital of 1.1 billion USD, accounting for 15.52%...).

Recently, Hung Yen welcomed an additional 760 million USD in foreign investment and 10,000 billion VND in domestic capital. Among the projects that were granted certificates this time, there are 2 urban construction investment projects. These are the Central Park and Dong Khoai Chau New Urban Area Investment Project (total registered capital of more than 3,100 billion VND, equivalent to more than 122 million USD) and the Minh Hai - Phan Dinh Phung Urban Area Investment Project (more than 3,200 billion VND, equivalent to nearly 127 million USD).

Mr. Pham Thieu Hoa, Chairman of Vinhomes Joint Stock Company - the investor of Dai An Urban Area Project and Dream City Eco-Urban Area in Hung Yen province, commented: "Infrastructure is being invested strongly by Hung Yen province with the largest number of projects and scale ever, such as Ring Road 4, the road project connecting Hanoi - Hai Phong and Cau Gie - Ninh Binh expressways... During the development process, Hung Yen has paid special attention to attracting and calling for investors to participate in urban infrastructure development to solve the housing problem for people, experts, workers as well as high-class entertainment and shopping destinations to improve the quality of life of the province. And we feel secure coming to Hung Yen".

Regarding the foreign direct investment (FDI) projects registered to invest in Hung Yen this time, it can be seen that they mainly come from Singapore, Japan... That is, the project of Hung Yen Alpha Logistics Park Joint Stock Company (Singapore), with a total registered capital of more than 114 million USD; RFID label production project (using radio waves to read and collect information stored on tags attached to objects), more than 67 million USD; Project to invest in building factories, warehouses, offices and other facilities.

Source: https://baodautu.vn/de-xuat-lam-nha-may-soi-gai-51-trieu-usd-thong-xe-cau-ben-rung-hon-1940-ty-dong-d220417.html