Vinh City attracts dozens of large infrastructure investment projects

Developing Vinh into a coastal city

With its geographical location advantage, long history of development, going through many historical stages, Vinh has always been identified as a central urban area not only for Nghe An province, but also the North Central region and has national significance in a number of fields.

As a young city with a population of over 500,000 people, Vinh city shows dynamism, attractiveness, and has many potentials that are being exploited to play a leading role.

The vision and future development of Vinh city has been determined by Resolution 26 of the Politburo. That is "together with Cua Lo, to develop into an economic growth pole and spearhead of the province", to become one of the coastal cities of Vietnam; to be a place of economic exchange and infrastructure development with the Southeast Economic Zone of Nghe An province; to be the center of the North Central region in the fields of: Finance, trade, tourism, science - technology, information technology, high-tech industry, health, culture, sports, education - training; to have an important position in terms of security - defense, a national and international traffic hub.

With such a location and future, Vinh has been and is the destination for investors, especially real estate investors. Vinh has attracted many projects from many investors such as VNPT Group, BRG, TH, Ecopark, Euro Window, Vietravel Company, TECCO, Handico, Northern Power Corporation, etc.

Perspective of a section of Vinh - Cua Lo avenue. Photo: Tran Chau

However, with a large open land fund, moving towards the East and investing in a new connecting traffic system by axes such as Vinh - Cua Lo Boulevard, Vinh 72m Vinh - Hung Tay Road, especially with the announcement of the development planning on both sides of Vinh - Cua Lo Boulevard taking place in 2019, Vinh City is in need of investment capital to create a new driving force to develop more worthy, more modern and more bustling, worthy of the planned position of Vinh City.

Hope to "attract" "huge" projects

Taking place on September 8, 2019, the Conference to implement the contents of Notice No. 55 dated April 20, 2019 of the Politburo on the development of Vinh City is a conference to mobilize resources for the development of Vinh City, an event of great significance not only for the city. Here, Vinh City called for 27 large-scale projects, attracting the participation of many "talents".

Mr. Tran Ngoc Tu - Chairman of Vinh City People's Committee, said: Vinh City proposed 6 areas that need to promote calling for large investment capital, 6 priority areas to attract investment from the budget, capital calling for socialized cooperation partners, public-private partnership capital (PPP), ODA loans... to build a bustling and most developed Vinh city in the North Central region.

There are many attractive projects as follows:

- Project to renovate and upgrade the public lighting system of Vinh city. Scale of about 30 routes. Total estimated investment is 250 billion VND, capital source is public-private partnership (PPP).

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

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

Scale: BRT bus route. Hung Nguyen - Vinh - Cua Lo axis (Hung Tay - Vinh - Cua Lo road) is the route connecting the high-speed railway station (Hung Nguyen) with Vinh and Cua Lo, 17.7 km long; Connecting key points of Vinh central urban area (airport, Vinh station, Vinh market, Ho Chi Minh Square, Le Nin street) 15.5 km long. Total estimated investment is 3,200 billion VND. ODA loan source. Expected investment period 2021 - 2030.

Vinh River Improvement - an important project of Vinh city in the near future. Photo: Tran Chau

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

This project also upgrades Hung Hoa wastewater treatment plant; builds Le Mao road to extend Vinh river section - Vinh bypass; improves Vinh river; builds regulating lake and pumping station at the end of Rao Dung river. Total estimated investment is 160 million USD; ODA capital.

- Project to build landscape lighting system, art lighting system of Vinh city.Scale of about 15 routes with total expected investment of 200 billion VND (100% calling for socialization (funding by route).

In the field of tourism and culture, there are also many large projects:

- Quyên mountain forest park tourist area projectt. Area: 147.70 ha, of which: Effective exploitation area: 17 ha; Remaining area of ​​Quyet mountain and forest park: 30.7 ha.

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

According to the detailed planning: Quyet Mountain and Phuong Hoang Trung Do tourist area is approved as a tourist area with a system of cultural, historical, entertainment and commercial service works of Vinh city, including: Reception area, small war relic 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 relic. Total expected investment: 600 billion VND with 100% investor capital.

- Lam River tourism project:Area of ​​about 100 hectares; including the area on both sides of Vinh bypass from Ong Hoang Muoi temple to the end of the mangrove forest in Hung Hoa commune. Total estimated investment is 1,500 billion VND with 100% investor capital.

- Vinh Citadel Park Project:Total expected investment: 1,000 billion VND with 100% investor capital.

- Amusement park project of the Air Conditioning Lake in Hung Loc commune - Hung Hoa:The implemented items include: Amusement park, sports, recreational activities related to water (boating, swimming...); Water park, thrilling games; Commercial and supporting service works (restaurants, hotels...); Regulating lake. Total estimated investment is 1,000 billion VND with 100% investor capital.

- Amusement and Sports Park Project in Hung Hoa Commune:The implemented items include: Amusement area, sports and recreation, water-related activities (boating, swimming...); Amusement park; Auxiliary service and commercial area; Total estimated investment is 1,000 billion VND with 100% investor capital.

In addition, there are many new urban area projects in suburban communes in Hung Hoa, Nghi Duc, Nghi An, Vinh market construction, business and management project, Hong Son ward...

Vinh City is currently a young urban area with quality human resources and many universities and colleges in the area. Photo: Lam Tung

Due to the impact of the Covid-19 epidemic, many real estate and commercial projects are currently stagnant. The city is still actively urging and promoting other projects, especially infrastructure and urban renovation projects, to create a new look, worthy of being a regional center in more than 10 fields in the spirit of Resolution 26/NQ-TW of the Politburo./.