Hundreds of projects to be granted investment certificates by Lang Son

October 01, 2019 | 17:58
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Based on its favourable location and plentiful potential to develop trade, investment, agriculture, and tourism, Lang Son is appearing on investors' radar.
hundreds of projects to be granted investment certificates by lang son
Lang Son project has welcomed $4.6 billion in investment pledged by domestic and international investors

At the Lang Son Investment Promotion Conference 2019 held on September 30, over 100 projects by 80 businesses valued at around VND105 trillion ($4.57 billion) have received their investment certificates.

Some of the largest projects and investors in Lang Son, which received a memorandum of understanding (MoU) or investment certificates include:

- FLC Group with a VND400 billion ($17.4 million) hi-tech farm project and some infrastructure, tourism, and resort projects worth VND6.564 trillion ($285.4 million);

- Sun Group with a VND3.5 trillion ($152.17 million) eco-tourism project in Mau Son district and some infrastructure, tourism, and resort projects worth VND12 trillion ($521.74 million);

- Hoang Anh Gia Lai Group with VND1 trillion ($43.48 million) of infrastructure and logistics projects;

- TNG Holdings Vietnam with infrastructure and urban projects valued at VND7.829 trillion ($340.4 million);

- Infrastructure Investment and Transportation Construction JSC (Intracom) with the VND2.346 trillion ($102 million) Lang Son anise processing plant and the VND1.055 trillion ($45.87 million) Ban Nang Lake resort and tourism project;

- TMS Group with a resort, entertainment, and sports centre in Chi Lang district invested VND13.858 trillion ($602.52 million) and infrastructure, tourism, and resort projects worth VND5.5 trillion ($2390.13 million);

- Asia-Pacific Investment JSC (APEC) with an apartment and commerce centre building valued at VND778.3 billion ($33.84 million), inter-level international school worth VND1.5 trillion ($65.22 million), and an eco-urban area in Lang Son city valued at VND3.126 trillion ($135.9 million);

- Son Ha International JSC with VND5.808 trillion ($252.52 million) going into a dry port and a clean water supply project;

- DABACO Group with a VND550 billion ($23.9 million) high-quality husbandry project;

- IDJ Group with the VND1.582 trillion ($68.78 million) Diamond Park urban area and shophouse;

- Military Petrochemical JSC (MIPEC) to invest VND1.034 trillion ($44.96 million) into the processing zone I project in Dong Dang-Lang Son border-gate economic zone;

- KoSy Group's VND1.399 trillion ($60.83 million) new urban area in Lang Son city;

- Hoang Duong Investment & Construction JSC to develop a five-star Marriot hotel and commerce centre with the total investment of VND2.297 trillion ($99.87 million);

- The joint venture of NNP Investment JSC and CDC Hanoi JSC to develop an affordable housing project valued at VND671.4 billion ($29.2 million);

- 3D Vietnam JSC to develop transportation and logistics projects from VND1.483 trillion ($64.48 million);

- The joint venture of Vinaconex Power & Construction JSC and Hanoi Real Estate Investment (HANDICO) to develop power projects from VND4 trillion ($173.9 million);

- The joint venture of Thinh Phat Lang Son JSC and Truong Thinh Phat JSC to develop the VND2.218 trillion ($96.43 million) Huu Lung new urban area project;

- Tan Viet Bac Lang Son Hydropower JSC to develop the VND214.3 billion ($9.32 million) Deo Khach hydropower project, and the VND1.56 trillion ($67.83 million) hydropower project in downstream Ky Cung River.

Apart from these, a lot of projects worth dozens of million dollars each, covering the sectors of power and infrastructure, have received MoU, in-principle approval, or investment certificates at the conference.

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