An airport to take shape in Quang Ninh

Category Archives:Vietnam Investment News

An airport to take shape in Quang Ninh

Quang ninh airport - project

Prime Minister Nguyen Tan Dung has authorized the Quang Ninh provincial People’s Committee to carry out the Quang Ninh air terminal project – one of the country’s four air terminal projects calling for investment.

The terminal will be used for civil and military purposes and be capable of serving both domestic and foreign flights. It is designed to receive 5 million passengers a year and even accommodate large aircraft like Boeing 777s.

It will be built in Doan Ket commune, Van Don district, covering nearly 284.6ha and at a total cost of VND5,128 billion. This is one of the key projects of the Van Don economic zone.

The Van Don economic zone is expected to bring fresh impetus to socio-economic development in Quang Ninh province.

Covering more than 2,000km2, including over 1,600km2 of coastal areas, the zone will focus on developing luxury travel services, international finance and trading centres, trade exchanges and logistics, and maritime and aviation services, along with clean agriculture and industry.

Quang Ninh has proposed building Van Don into a special administrative-economic zone to make a breakthrough in its development.

At an investment promotion conference in 2012, the province has also announced a plan to build an integrated casino resort in Van Don.

Source VOV

Category Archives:Vietnam Investment News

Marks & Spencer to enter Vietnam

Marks and Spencer

Marks & Spencer (M&S), one of the largest British retail clothing and food companies has announced its plan to set foot on Vietnamese market.

M&S is to open a 1200 sqm flagship store at Vincom Center in Dong Khoi, District 1 in Ho Chi Minh City this summer, offering products across womenswear, menswear and lingerie as well as accessories, footwear and sleepwear.

With access to prime locations at key shopping malls across Viet Nam and unrivalled local knowledge, Central Group is the ideal partner for us to open our new stores across the country, said Bruce Findlay, regional director for Asia at Marks & Spencer.

Chief Executive Officer of the Central Group revealed that the purchasing power of a nation with over 90 million people is targeted by retails investors, adding that increases in foreign investment in Viet Nam have promoted economic growth and consumption.

Source VGP