Vinh City attracts dozens of major infrastructure investment projects.

Developing Vinh into a coastal city.

With its advantageous geographical location and long history of development spanning various periods, Vinh has always been identified as a central urban area not only for Nghe An province, but also for the North Central region and has national significance in several fields.

As a young city with a population of over 500,000, Vinh City demonstrates dynamism, attractiveness, and possesses many potentials that are being unlocked to fulfill its role as a leading urban center.

The vision and future development of Vinh City have been defined by Resolution 26 of the Politburo. It is to "develop, together with Cua Lo, into an economic growth pole and a leading growth engine of the province," becoming one of Vietnam's coastal cities; a place of economic intersection and infrastructure development with the Southeast Economic Zone of Nghe An province; a center of the North Central region in the fields of finance, trade, tourism, science and technology, information technology, high-tech industry, healthcare, culture, sports, education and training; and a strategically important location for national and international security and defense, serving as a national and international transportation hub.

With such a location and promising future, Vinh has been and continues to be a sought-after destination for investors, especially real estate investors. Vinh has already attracted numerous projects from various investors such as VNPT Group, BRG, TH, Ecopark, Euro Window, Vietravel, TECCO, Handico, and the Northern Power Corporation…

Perspective view of a section of the Vinh - Cua Lo highway. Photo: Tran Chau

However, with its vast land reserves expanding eastward and investments in new connecting transportation systems such as the Vinh-Cua Lo Boulevard, the 72m Vinh-Hung Tay road, and especially with the announcement of the development plan for both sides of the Vinh-Cua Lo Boulevard in 2019, Vinh City needs new investment capital to create momentum for more appropriate, modern, and bustling development, befitting its planned status.

Hoping to attract "mega" projects

Held on September 8, 2019, the Conference to Implement the Contents of Announcement No. 55 dated April 20, 2019, of the Politburo on the Development of Vinh City was a conference to mobilize resources for the development of Vinh City, an event of significant importance not only for the city itself. At this conference, Vinh City invited 27 large-scale projects, attracting the participation of many talented individuals.

Mr. Tran Ngoc Tu, Chairman of the Vinh City People's Committee, stated: Vinh City has proposed six areas requiring significant investment promotion, six priority areas for attracting investment from the state budget, socialized cooperation partners, public-private partnerships (PPP), ODA loans, etc., with the aim of building Vinh into the most bustling and developed city in the North Central region.

Several projects are currently attracting attention, including the following:

- Project to renovate and upgrade the public lighting system in Vinh CityThe project will comprise approximately 30 routes. The total estimated investment is 250 billion VND, funded by a public-private partnership (PPP).

- Investment project to construct an overpass connecting the intersection between National Highway 1A (Mai Hac De - Nguyen Trai) and the 72m road.Scale: Prestressed reinforced concrete overpass; 4 lanes for motor vehicles. Total estimated investment: 400 billion VND, funded by ODA loan.

- Investment project to build public transport routes connecting Vinh - Quan Hanh - Cua Lo.

Scale: The BRT (Bus Rapid Transit) line. The Hung Nguyen - Vinh - Cua Lo axis (Hung Tay - Vinh - Cua Lo road) is a 17.7 km route connecting the high-speed railway station (Hung Nguyen) with Vinh and Cua Lo; and a 15.5 km route connecting key points of the central Vinh urban area (airport, Vinh train station, Vinh market, Ho Chi Minh Square, Lenin Street). The total estimated investment is 3,200 billion VND. Funding source: ODA loan. Investment is expected to be implemented in the period 2021 - 2030.

The Vinh River renovation project is a key undertaking for Vinh City in the near future. Photo: Tran Chau

- The Vinh City Sustainable Urban Development and Climate Change Adaptation Project.The investment items include: renovating and constructing new sewer lines in the drainage basin of the Hong Bang canal (approximately 6 km); renovating and constructing new sewer lines in the drainage basin of canal No. 2, with a total length of approximately 8 km; constructing new sewer lines in the drainage basin of canal No. 1 (approximately 4 km); and renovating and constructing new sewer lines in the drainage basin of the moat surrounding the ancient citadel and Cua Nam lake (approximately 4 km).

This project also includes upgrading the Hung Hoa Wastewater Treatment Plant; constructing the extended Le Mao road section from Vinh River to the Vinh bypass; rehabilitating the Vinh River; and building a regulating reservoir and drainage pumping station at the end of the Rao Dung River. The total estimated investment is 160 million USD; funded by ODA.

- Project to build a landscape lighting and artistic lighting system for Vinh City.The project will include approximately 15 routes with a total estimated investment of 200 billion VND (100% of which will be raised through social mobilization (funding per route)).

In the tourism and cultural sectors, there are also many large projects:

- Quyet Mountain Forest Park Tourist Area ProjectTotal area: 147.70 hectares, of which: Area under effective exploitation: 17 hectares; Remaining area of ​​Quyet Mountain and forest park: 30.7 hectares.

Mount Quyet, Lam River, Vinh City. Photo: Sach Nguyen

According to the detailed plan: The Quyet Mountain and Phuong Hoang Trung Do Forest Park tourist area is approved as a tourist area with a system of cultural, historical, entertainment and commercial services of Vinh City, including: Reception area, war relic mini-park; Entertainment service area; Natural landscape ecological area; Historical and cultural park area; Buddhist construction planning area; Restoration of Phuong Hoang Trung Do Imperial Citadel. Total estimated investment: 600 billion VND with 100% investor capital.

- Lam River waterfront tourism project:The area covers approximately 100 hectares, encompassing the region on both sides of the Vinh bypass road, from the Ông Hoàng Mười temple to the end of the mangrove forest in Hưng Hòa commune. The total estimated investment is 1,500 billion VND, with 100% of the capital provided by the investor.

- Vinh Ancient Citadel Park Project:The total projected investment is 1,000 billion VND, with 100% of the capital coming from investors.

- The project for a recreational park and lake in Hung Loc - Hung Hoa commune:The project includes the following components: a recreational area with sports and water-based activities (boating, swimming, etc.); a water park with thrill rides; supporting commercial and service facilities (restaurants, hotels, etc.); and a regulating lake. The total estimated investment is 1,000 billion VND, entirely funded by the investor.

- The amusement and sports park project in Hung Hoa commune:The project includes: a recreational area, sports facilities, and water-based entertainment activities (boating, swimming, etc.); an amusement park; and an auxiliary commercial and service area. The total estimated investment is 1,000 billion VND, with 100% of the capital coming from the investor.

In addition, there are many new urban area projects in suburban communes in Hung Hoa, Nghi Duc, Nghi An, the Vinh Market Construction, Business and Management Project, Hong Son ward…

Vinh City is currently a young urban center with a high-quality workforce, boasting numerous universities and colleges within its boundaries. (Photo: Lam Tung)

Due to the impact of the Covid-19 pandemic, many real estate and commercial projects are currently stalled. The city is actively urging and promoting other projects, especially infrastructure and urban renovation projects, in order to create a new look befitting its status as a regional center in over 10 areas, in accordance with Resolution 26/NQ-TW of the Politburo.