Work starts on golf course, liquid cargo port, waste-to-energy projects in northern Vietnam province

By Minh Hue
Tue, July 1, 2025 | 2:37 pm GMT+7

A groundbreaking ceremony was held on Saturday for the Con Vanh Golf Course and Ba Lat Liquid Cargo Port projects in the northern province of Thai Binh (now Hung Yen province).

Thai Binh and Hung Yen were merged to become Hung Yen province, starting from July 1, 2025. On June 12, the parliament passed a resolution that reduces the country's number of provinces and cities from 63 to 34.

Groundbreaking ceremony for the Con Vanh Golf Course and Ba Lat Liquid Cargo Port projects in Thai Binh province (now Hung Yen province), northern Vietnam, June 28, 2025. Photo courtesy of the province's news portal.

Groundbreaking ceremony for the Con Vanh Golf Course and Ba Lat Liquid Cargo Port projects in Thai Binh province (now Hung Yen province), northern Vietnam, June 28, 2025. Photo courtesy of the province's news portal.

With a total investment of VND2.5 trillion ($95.62 million), these projects, located in Tien Hai district, are expected to boost the province's tourism and economic development and create new momentum for the Thai Binh Coastal Economic Zone.

The Con Vanh Golf Course project, invested by Hoang Huy Urban and Infrastructure Development JSC, was approved by the provincial People's Committee in January 2025. It covers nearly 110 hectares with a total investment of VND2.16 trillion ($82.6 million).

The project includes a 27-hole international standard golf course, a control center, resort villas, a luxury hotel, a driving range, technical maintenance facilities, as well as supporting infrastructure such as green spaces, parking lots, and other amenities.

Once operational, the course is expected to bring significant socio-economic benefits. It will transform the mangrove area into a large-scale sports, entertainment and resort complex.

Preliminary estimates suggest annual tax revenues of around VND250 billion ($9.56 million) and employment for nearly 300 people, half of whom will be local residents. It will also increase land value in the planned area and surrounding real estate, thereby stimulating the development of other economic sectors.

The project will help realize the province’s goal of turning tourism and sports into key economic sectors, while preserving the region's natural landscape and environment.

Meanwhile, the Ba Lat Liquid Cargo Port project, developed by Phu Thanh Group JSC, was approved by the Management Board of Thai Binh Economic Zone and Industrial Parks in November 2024. It spans nearly 7 hectares with a total investment of VND278 billion ($10.63 million).

The port includes a specialized berth capable of receiving ships of up to 3,000 tons, a warehouse system for storing liquid goods such as petroleum and chemicals, a modern reception and transshipment system, technology pipelines, and supporting technical and transport infrastructure directly connected to the coastal road and key industrial zones.

This is the first specialized liquid cargo port in Thai Binh, playing a vital role in the energy and raw materials supply chain serving the development of the Thai Binh Economic Zone.

It will enhance inland waterway transport, facilitates import-export activities for businesses, and supports economic development. At the same time, it leverages the local advantages of river mouths and coastal access.

The same day, work also commenced on a VND2.5 trillion ($95.62 million) waste-to-energy plant in Thuy Trinh commune, Thai Thuy district. The project is jointly developed by Dragonventures Investment and Development JSC and WangNeng Environmental JSC.

According to the design, the six-hectare plant will have a daily processing capacity of at least 600 tons of domestic and general solid waste, while generating electricity with a capacity of 15 MW per day.

The plant will apply modern waste incineration technology in a closed-loop, circular treatment process that meets international environmental standards. It aims to minimize landfill waste, generate energy from waste, and contribute to improving the local living environment.

Construction is expected to take just over two years, with completion and operations scheduled for the fourth quarter of 2026. Once operational, the plant will help reduce the burden on existing landfills in Thai Thuy district and surrounding areas, while contributing clean energy to the local power grid.

Comments (0)
  • Read More
What makes NobleGo - Vietnam’s first home-bidding livestream platform - so notable?

What makes NobleGo - Vietnam’s first home-bidding livestream platform - so notable?

NobleGo – Vietnam’s pioneering AI-powered livestream real estate bidding platform developed by Sunshine Group – has completed its first 20 livestream sessions.

Real Estate - Tue, September 16, 2025 | 4:53 pm GMT+7

Japanese retailer Aeon to debut another northern Vietnam shopping mall by end-2026

Japanese retailer Aeon to debut another northern Vietnam shopping mall by end-2026

Japanese-backed Aeonmall Vietnam is ramping up construction on its Aeon Mall Ha Long project in Quang Ninh province, home to Ha Long Bay, with an aim to open it to the public by end-2026.

Industries - Tue, September 16, 2025 | 3:54 pm GMT+7

Hanoi terminates Vinaxuki auto plant project, repurposes land for commercial complex

Hanoi terminates Vinaxuki auto plant project, repurposes land for commercial complex

A long-stalled automotive manufacturing project by Xuan Kien Auto JSC (Vinaxuki) has been officially terminated by Hanoi authorities, and the reclaimed land in Phuc Thinh commune will be repurposed for a new commercial and service complex.

Industries - Tue, September 16, 2025 | 2:44 pm GMT+7

Central Vietnam province reviews investment proposal for thermal power project after Thai EGATi pullout

Central Vietnam province reviews investment proposal for thermal power project after Thai EGATi pullout

Authorities in the central province of Quang Tri are evaluating a proposal from Power Generation JSC 1 (EVNGENCO 1), a subsidiary of state utility Vietnam Electricity (EVN), to take over the Quang Tri thermal power plant project, following the withdrawal of Thai investor EGATi.

Energy - Tue, September 16, 2025 | 1:44 pm GMT+7

Amata to sell stakes worth $46 mln in Vietnam units to Novaland-tied buyers

Amata to sell stakes worth $46 mln in Vietnam units to Novaland-tied buyers

Amata VN, the Vietnam arm of Thailand’s leading industrial park developer Amata, has approved a plan for its subsidiary Amata City Long Thanh Urban JSC (ACLT) to sell its remaining 51% stakes in two entities to local developer Novaland-linked buyers.

Real Estate - Tue, September 16, 2025 | 12:19 pm GMT+7

Vietnam already meets FTSE's criteria for stock market status upgrade: Finance Minister

Vietnam already meets FTSE's criteria for stock market status upgrade: Finance Minister

Vietnam has fulfilled the criteria for a stock market status upgrade by FTSE Russell through reforms aimed at facilitating foreign investment inflows into its market, said Minister of Finance Nguyen Van Thang.

Economy - Tue, September 16, 2025 | 9:36 am GMT+7

Banks should be allowed to distribute, invest in mutual fund certificates: Vietnam's finance ministry

Banks should be allowed to distribute, invest in mutual fund certificates: Vietnam's finance ministry

The Ministry of Finance is proposing a key reform that would allow commercial banks to invest in and distribute mutual fund certificates, as part of a broader plan to restructure the investor base and foster the development of Vietnam’s fund management industry.

Finance - Tue, September 16, 2025 | 8:00 am GMT+7

E-commerce boom a major driver of Vietnam's packaging paper industry growth

E-commerce boom a major driver of Vietnam's packaging paper industry growth

Vietnam's paper packaging industry is entering a period of strong growth, with an average annual growth rate forecasted at 10% until 2030.

Companies - Mon, September 15, 2025 | 10:20 pm GMT+7

Vietnam needs support from UK in developing international financial center: Deputy PM

Vietnam needs support from UK in developing international financial center: Deputy PM

Permanent Deputy Prime Minister Nguyen Hoa Binh has called on the UK and the City of London to continue supporting and accompanying Vietnam in promoting and introducing its international financial center (IFC).

Finance - Mon, September 15, 2025 | 10:12 pm GMT+7

Vietnam enforces 8% capital adequacy ratio for banks from Sept 15

Vietnam enforces 8% capital adequacy ratio for banks from Sept 15

Commercial banks and foreign bank branches in Vietnam must maintain a minimum capital adequacy ratio (CAR) of 8%, including at least 4.5% in Tier 1 core capital and 6% in Tier 1 capital, starting from September 15.

Banking - Mon, September 15, 2025 | 10:04 pm GMT+7

Tool for wood traceability management debuts in Vietnam

Tool for wood traceability management debuts in Vietnam

The Vn-WoodID application has been officially launched in Vietnam, becoming a key tool contributing to wood traceability.

Companies - Mon, September 15, 2025 | 10:00 pm GMT+7

Sun Group, US Embassy foster aviation-hospitality cooperation

Sun Group, US Embassy foster aviation-hospitality cooperation

Sun Group, in collaboration with the US Embassy in Vietnam, hosted the US – Vietnam Aviation Partnership Roundtable on September 12, bringing together 15 leading American corporations in aviation, technology, and financial services, opening up opportunities to position Phu Quoc as a new aviation and tourism hub in the region.

Companies - Mon, September 15, 2025 | 9:54 pm GMT+7

Vietnam tops Thai giant SCG’s overseas markets with 9% revenue contribution in H1

Vietnam tops Thai giant SCG’s overseas markets with 9% revenue contribution in H1

Vietnam remained the largest overseas market for Thailand’s Siam Cement Group (SCG) in the first half of 2025, contributing 9% of consolidated sales.

Companies - Mon, September 15, 2025 | 8:10 pm GMT+7

Central Vietnam to have new airport Mang Den

Central Vietnam to have new airport Mang Den

Procedures to adjust Vietnam's airport system planning, including the addition of Mang Den Airport in central Vietnam, are being proceeded, according to the Ministry of Construction.

Infrastructure - Mon, September 15, 2025 | 5:16 pm GMT+7

Vietnam's government seeks to position country as 'regulated hub for digital assets in Asia': Dragon Capital

Vietnam's government seeks to position country as 'regulated hub for digital assets in Asia': Dragon Capital

The Vietnamese Government has advanced the regulation of digital assets, with a resolution launching a five-year pilot framework for issuance and trading. This framework signals the Government’s intent to position the country as a regulated hub for digital assets in Asia, which could attract new capital inflows, write Dragon Capital analysts.

Economy - Mon, September 15, 2025 | 2:20 pm GMT+7

Agribank introduces sizable $4.17 bln preferential credit package

Agribank introduces sizable $4.17 bln preferential credit package

Right from the beginning of 2025, Agribank launched a substantial preferential credit package worth VND110 trillion ($4.17 billion) to support individual customers.

Companies - Mon, September 15, 2025 | 1:32 pm GMT+7