Hai Phong city builds $92 mln dyke to support Dinh Vu economic zone
Authorities of northern coastal city Hai Phong kicked off construction of a VND2,284 billion ($92 million) dyke on Thursday, in a move to fortify the Dinh Vu-Cat Hai Economic Zone against natural disaster and climate change.
The 12.7-kilometer dyke, called Nam Dinh Vu, in Hai An district is invested by the Hai Phong Economic Zone Infrastructure Project Management Board. The municipal budget financed 60% of the project, while the rest came from local businesses, including DEEP C Industrial Zones and Star Group Investment JSC.
The dyke will also help create an additional 2,000 hectares of industrial real estate in the southern part of the Dinh Vu Peninsula, attracting more investments and creating 100,000 new jobs, said Hai Phong Vice Chairman Nguyen Duc Tho.
The facility is set to complete and put into use around the National Day holiday (September 2) in 2025, Tho added.
City Vice Chairman Nguyen Duc Tho speaks at the groundbreaking ceremony of the Nam Dinh Vu dyke project in Hai Phong, northern Vietnam on November 17, 2022. Photo courtesy of the minicipal People's Committee.
The 22,540-hectare Dinh Vu-Cat Hai Economic Zone is a key coastal economic hub in northern Vietnam. It features a port system of 1,046 hectares, industrial parks of 4,550 hectares, warehouses of 209 hectares, public service centers of 761 hectares, urban areas of 2,062 hectares, traffic and technical infrastructure of 2,196 hectares, and other facilities.
The economic zone’s advantage is proximity to the Hanoi-Hai Phong and Ninh Binh-Hai Phong-Quang Ninh expressways, Hanoi-Hai Phong railway, major seaports, and Cat Bi international airport.
Hai Phong is home to Deep C, MP Dinh Vu, Trang Due, VSIP Hai Phong, and Nam Dinh Vu industrial parks inside the Dinh Vu-Cat Hai Economic Zone; and Do Son, An Duong, Nam Cau Kien, and Nomura-Hai Phong outside the zone.
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