Van Phong, a name that has been expected for a breakthrough over the years. Entering the year 2021, that land is expected to change with billion-dollar projects and plans of international stature.
Van Phong, a name that has been expected for a breakthrough over the years. Entering the year 2021, that land is expected to change with billion-dollar projects and plans of international stature.
Billion-dollar projects expected
One day in January, we returned to the south of Van Phong to visit Van Phong 1 BOT Thermal Power Plant Project (Ninh Phuoc commune, Ninh Hoa town). The project has been deployed for over one year. From the observatory, we could see the initial foundations of the thermal power plant with 2.58 billion USD in total investment. On the construction site, workers were working promptly. Nguyen The Vinh - Chairman of the Board of Members of Van Phong Co., Ltd. (project investor) said that by the end of December 2020, the construction has reached 22.9% of the workload of the whole project. As planned, both units with a total capacity of 1,320MW will be completed and put into operation in 2023. Each year, the plant is expected to supply about 9 billion kWh to the national grid, partly solving power shortages in the south. The investor also plans to build the Van Phong 2 Thermal Power Plant (3,000MW).
Hyundai Vietnam Shipyard
According to Hoang Dinh Phi - Head of the Management Board of Van Phong Economic Zone, recently, the Provincial People's Committee has submitted a document to the Ministry of Industry and Trade to study and consult the Government to put 4 locations for building gas power projects in southern Van Phong in the national power development plan for the period of 2021- 2030. Currently, many investors have offered to construct projects of liquefied gas storage and gas power in this area. In particular, Millenium Petroleum Corporation (USA) applied for a project of liquefied gas storage port and a 14,400MW gas power plant in Ninh Phuoc commune with a total investment up to 15 billion USD. The Electric Power Development Co., Ltd (J-Power) plans to invest in a 3,000MW gas power project in Ninh Thuy Industrial Zone with a total investment of about 3.2 billion USD. In addition, the joint venture Embark United and QuanTum Group (USA) applied for a 6,000MW gas power plant and a 6 million tons/year liquefied gas terminal with a total area of 300ha. The joint venture of Tuan Dung Trading Group Company Limited and foreign investors also proposed implementing gas power projects and supporting industries... If these projects are implemented, the area to develop heavy industries with key industries like energy, petrochemical refining and ship building will form in the south of Van Phong.
Visiting the sites for electrification, Nguyen Khac Dinh - Member of the Party Central Committee, Secretary of the Provincial Party Committee, Head of the National Assembly Delegation of Khanh Hoa province expressed the hope that the prosperity of the south of Van Phong will be soon spread to the whole area, especially to the north of Van Phong - where there is a lot of potential for development.
Secretary of Khanh Hoa Provincial Party Committee Nguyen Khac Dinh surveying at Van Phong Economic Zone
Van Phong expected as a key economic region
According to Nguyen Tan Tuan - Deputy Secretary of the Provincial Party Committee, Chairman of Khanh Hoa Provincial People's Committee, in order for Van Phong to grow, it is necessary to have an international-stature plan along with open policies and simple transparent administrative procedures to attract big investors, accelerating the development of the whole region.
Recently, Johnathan Hanh Nguyen - Chairman of the Board of Directors of Imex Pan Pacific Group (IPPG) has sponsored about 5 million USD to hire KPMG (Korea) to build a new planning for Van Phong. Accordingly, Van Phong is designed to have complex projects, including casino, golf course, non-tariff area, logistics, luxury resort complex with a tourist port for the largest ships in the world to come. In particular, Hanh Nguyen has an idea to build a high-tech industrial residential area in Van Phong. This complex will have modern and smart educational, medical and social infrastructure. If the planning is approved, he will call on professional investors to implement the subdivisions and projects effectively. People affected by the projects will be resettled with good infrastructure and living standards.
Van Phong Bonded Petroleum Terminal
The Provincial Party Committee has just passed a Resolution on the development of Van Phong Economic Zone in the period of 2021 - 2025. In which, the Provincial Party Committee set a target to build Van Phong as a multidisciplinary coastal economic zone as well as a key and driving economic region of the province and the Southern Central region. In the coming time, the province will build a project to adjust the general planning of Van Phong Economic Zone in the period of 2021 - 2030 and a vision to 2050, buid specific policies for Van Phong Economic Zone, deploy technical and social infrastructures to meet the requirements of attracting investment, implement ground clearance to soon hand over the clear sites, ensure the progress of projects in the economic zone, etc.
DINH LAM - XUAN THANH
Translated by T.T
In the 2016-2020 period, Van Phong Economic Zone drew 42 new projects (inlcuding 33 domestic ones, 9 foreign-invested ones) and adjusted to increase capital for 14 projects with 66,045 billion VND in a total registered capital. Budget revenue in the area of Van Phong Economic Zone was 20,950 billion VND, accounting for about 26.6% of the province.
In the period of 2021 - 2025, Khanh Hoa Provincial Party Committee set a target to attract at least 150,000 billion VND in new registered investment in Van Phong Economic Zone, and 75,000 billion VND to be disbursed. Contribution of the economic zone to the State budget is expected to account for 30-40% of the province, the value of industrial production and construction is expected to account for about 40% of the province. The economic zone is expected to create 10,000 stable jobs.
