Vinh city will have many new urban areas.

Efforts to attract investment

Attracting investment is an important task and is key in attracting resources for development.Vinh urban constructionincreasingly spacious and modern. Although it is an attractive urban area for investors nationwide, Vinh also has certain limitations in infrastructure, far from major centers, so up to now the real estate market in Vinh still has certain "bottlenecks".

In addition, the recent Covid-19 pandemic and economic difficulties have also had a profound impact. However, overcoming many difficulties, the city has achieved many important results.

Vinh urban space is increasingly developing. Photo: Lam Tung

With the view of maximizing all resources and increasing investment attraction for socio-economic development, Vinh City has synchronously deployed promotional activities,investment promotionthrough major provincial and city conferences such as the Conference on implementing Notice No. 55-TB/TW of the Politburo and the annual investment attraction conference.

The city has also developed and submitted to the Provincial People's Committee for approval the city's land use plan until 2030 and the annual land use plan in a timely manner. Completed the surveying and mapping of cadastral maps and built a land database in the area to make information on land resources and production sites transparent.Public planningLand use in the city on the website and other media.
Strictly manage land funds planned to develop important projects and functional areas according to planning.

The city signed many investment memorandums of understanding such as: Urban Area Project in Vinh City, Nghe An Province of Vingroup Corporation; Urban Area Project in Vinh City, Nghe An Province of FLC Group Joint Stock Company; Ben Thuy Commercial, Tourism and Urban Complex Project, Vinh City and development projects of T&T Group Joint Stock Company; Urban Area Project in Vinh City of Euro Window Holding Joint Stock Company; Commercial Center Project in Vinh City of LOTTE Vietnam Commercial Center Joint Stock Company; Urban Area Project in Vinh City of TDH Ecoland Urban Investment and Development Joint Stock Company (member of Ecopark Group)...

Vinh City is an attractive destination for investors. Photo: Tran Chau

In 2020, a number of other projects have been and are being implemented: Urban area and social housing in Hung Hoa commune have selected investors and are being implemented; Urban area in Cua Nam ward, New urban area in Dong Vinh ward (western area); Southwest urban area of ​​Vinh city in Vinh Tan ward; New urban area in Nghi Phu commune and Hung Loc commune; Ben Thuy urban tourism service complex in Ben Thuy ward has approved planning and is implementing investment procedures to select investors.

In addition, there are: New urban area in Dong Vinh ward (eastern area); Planning is underway (Nghe An Railway Infrastructure Development Investment Joint Stock Company sponsors planning costs); New urban area in the Southeast of Hung Chinh commune (Villa Garden Park urban area) has submitted to the province for permission for Crystal Bay Joint Stock Company to sponsor planning costs; Adjustment of detailed planning at a scale of 1/500 of Vinh market area has submitted to the Provincial People's Committee for permission for D'Gold Real Estate Development Investment Joint Stock Company to sponsor planning; Project to build a High-tech Park in Hung Hoa commune, currently HCJ Joint Stock Company is researching and establishing an investment project.

The Southwest urban area of ​​Vinh city in Vinh Tan ward is under construction. Photo: Lam Tung

In addition, the city carries out planning procedures and invests in technical infrastructure of Hung Dong 2 industrial cluster to invite businesses to invest; Focuses on directing the completion of infrastructure investment procedures, deploys to attract businesses and cooperatives to invest in flower and ornamental plant markets in Nghi An commune; Develops a plan to bid for management and business exploitation of the night street; Directs to speed up the completion of the final items of the walking street...

Continue to promote infrastructure projects

To have investment capital for the period 2020 - 2025, Vinh city proposed that the Central Government and the province allocate capital; supplement the Medium-term Public Investment Plan for the period 2021-2025 with capital from the central budget and provincial budget with 10 projects using the central budget, with a total estimated investment of 1,373 billion VND and 27 projects using the provincial budget, with a total estimated investment of 5,865 billion VND, focusing on key projects on transportation, flood prevention, climate change prevention...

Actively complete procedures to implement a number of large projects that are a driving force for socio-economic development in the area, such as: Project using ODA loans "Priority infrastructure and urban development adapting to climate change in Vinh city, Nghe An province"; Renovation and upgrading of National Highway 1A through Vinh city

In addition, upgrading and expanding National Highway 46; building the extended Tran Hung Dao Street; the extended Le Mao Street; upgrading and expanding the extended Hai Thuong Lan Ong Street; burying the power line system, urban beautification; building a smart city.

The extended Le Mao route opens up opportunities for investors. Photo: Lam Tung

"In the period 2016 - 2020, 52 projects with a total registered capital of nearly 8,000 billion VND were granted investment certificates in Vinh City. Among them, many large projects of corporations such as Vingroup, FLC, T&T, Tecco, Ecopark... Every month, Vinh City proactively organizes and maintains conferences and dialogues to meet with business enterprises, directly solving difficulties for enterprises together with industries and associations. In case the petition cannot be resolved, it will be submitted to a higher level.

The city attaches importance to local resources, increasingly bringing confidence to investors and businesses with an increasingly improved investment environment. At the same time, the city is expanding the city's administrative boundaries according to the city's general planning adjustment. Urgently completing the functional zoning plan of some wards and communes, detailed planning of functional areas in accordance with the general planning, ensuring feasibility and attracting investment." - Mr. Tran Ngoc Tu - Chairman of Vinh City People's Committee said.