Friday, July 19, 2024 9:08:35 AM - Markets open
VN-INDEX 1,274.44 0.00/0.00%
HNX-INDEX 242.28 -0.21/-0.09%
UPCOM-INDEX 97.78 +0.17/+0.17%
Hoà Vang district offers ready-cleared land to investors
vietnamnews - 7/2/2024 9:26:01 AM
 (0 ratings. You must sign in to rate.)
A river side ring road system connects Đà Nẵng City's beach zone with Hoà Vang district. Hoà Vang district plans to turn it a township between 2030-50. — Photo courtesy of Quốc Vương  
The suburban Hoà Vang District has allocated a total of 775ha of land for investment.
The land will be home to six key projects in terms of a new urban conurbation, an industrial cluster, a wholesale market, an industrial zone, an inland clearance deport and logistics centre and three hi-tech farming areas, according to the plans.
Vice chairman of the district’s People’s Committee, Nguyễn Thúc Dũng explained the plan at a conference where he said ready-cleared locations will be offered to potential investors in the next decades.
Dũng said the district – the only agriculture-based district in the central city of Đà Nẵng – has been converting it into an urban industrialised town and a favourite destination for fast and sustainable investment in 2030-50.
“We have been speeding up land clearance in creating legal and ‘clean’ location for businesses pouring fund and seeking sustainable growth targets in the future. About 30 per cent of planned land lots for investment projects have been available in terms of legal framework, compensation, technical infrastructure readiness and traffic,” Dũng said.
A section of National Highway No 14B passes Hoà Vang District. The road will be expanded to create smooth traffic from Đà Nẵng City's downtown and the suburban district. VNS Photo Công Thành
He said 74 land lots were reserved for development of new living quarters, resettlements, supermarkets and services, stressing that the district has not yet developed a supermarket.
Nguyễn Văn Bình, director of central region of Sun Group, said Hoà Vang District will be the fastest growing urbanisation area in Đà Nẵng, with 80 per cent of agricultural land turned into a town for a total population of 430,000 between 2030-50.
Bình said the property developer Sun Group is to invest VNĐ40 trillion (US$1.6 billion) in developing a world class eco-tour service, entertainment and sports vacation destination in the district in next decades, after a successfully introducing tourism attractions in the mountainous Bà Nà Hills alongside golf courses – which host 60 per cent of tourists visiting Đà Nẵng.
Bình said the district needs to cut administrative procedures and build up lucrative policy to lure global investors to the project.
He suggested Hoà Vang District – 10km from Đà Nẵng downtown – should be an eco-urban centre with well-invested infrastructure and smooth traffic connections.
A hi-tech farm is developed in Tuý Loan village in Hoà Vang district. Three hi-tech farming zones are planned in the district in 2023-30, vision 2050. — VNS Photo Công Thành 
Trần Minh Thái, from DHC Company, said they have invested VNĐ400 billion ($16 million) in Thần Tài Hot Springs and other destinations in the city in the VNĐ1 trillion ($40 million) plan.
The travel business is looking at a larger investment plan, including the development of luxury resorts, medicine herb farms and a mineral water factory in the Đồng Xanh-Đồng Nghệ area – which has a natural lake, in the valley of the Bà Nà Hills.
Secretary of the district’s Party Committee, Tô Văn Hùng said that the district with 58,000ha of forest including 38,000ha primary forest and has plenty of investment opportunities in forest canopy eco-tour services and a rehabilitation and health care centre.
He urged investors coming to the district in seeking investment opportunities with committed support from the district’s leadership.
Hùng said a business supportive team was established in providing assistance and helping investors in procedure, policies and qualified locations of developing projects.
Đỗ Trung Kiên, from Sakae Group, said a five-star resort, a sports entertainment complex and an eco-township could possibly be built in the forest-based zone.
Phan Thị Quỳnh, representative of Central Retail Việt Nam in central region, said the group plans to build a shopping complex in Đà Nẵng and two more supermarkets in Hoà Vang district with an investment from VNĐ50 billion ($2 million) to VNĐ70 billion ($2.8 million) after a successfully completing the Go Vĩnh Trung Market in downtown.  
Proton Company, a wholesale market developer, is planning a 50ha logistics for the wholesale market in the district.  
Tourists explore the natural landscape of Hoà Bắc commune of Hoà Vang district.  Photo courtesy of Hoà Bắc Community-based Tourism
Hòa Vang District, which occupies 75 per cent of the city’s area, also has space for an expansion of the city’s Hi Tech Park, additional bridges, technical logistics for industrial parks, golf and entertainment, education and a further town area in 2030.
The district expects to attract an investment of VNĐ100 trillion ($4 billion) over the next decade. — VNS
Read original article here
Newer News
18/07 Land Law to create investment waves in various sectors: Experts
16/07 New legal framework to create advantages for foreign real estate investors
12/07 Villas in Hanoi see price increases, although the real estate market is still slow
08/07 Early enforcement of real estate laws - a catalyst for the market recovery
05/07 Real estate market to ‘prosper’ from 2025: Batdongsan
05/07 HCM City real estate revenue up 6% in H1
02/07 Two Vinhomes projects granted permission to sell homes to foreigners
Older News
29/06 Property transactions of individuals might be limited
15/06 Property market sees many driving forces for growth
15/06 Hà Nội market accepts new level of apartment price
25/05 Hà Nội sees recovery in low-rise property prices but apartment prices fall
08/05 2024 Land Law to draw real estate investment, increase social housing supply
08/05 Real estate market in the South picking up
19/04 Ministry requests Hà Nội to inspect rising prices of apartments
17/04 Real estate market has positive performances in Q1: VARS
05/04 Developers must verify with foreign homeowner's database before sales
28/03 Management of real estate brokers to be tightened
Newsletter Signup
Top Stories
VCCI recommends mineral mining rights be granted through auction and bidding
Central bank works to raise interbank rates and ease forex market
Inflation a concern following salary increases
National Council for Sustainable Development established
Việt Nam, Cambodia look forward to $20 billion trade
Market Update
Last updated at 9:04:32 AM
VN-INDEX 1,274.44 0.00/0.00%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.