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
Stock market regulator holds final round of ESG-focused corporate governance contest in Hanoi

Stock market regulator holds final round of ESG-focused corporate governance contest in Hanoi

The final round of the “Vietnam ESG Challenge 2025”, a competition aimed at promoting sustainable development, modern corporate governance, and social responsibility among Vietnamese university students, took place in Hanoi on Monday.

Finance - Sat, November 22, 2025 | 10:16 am GMT+7

IFC, Vietnam's EVNNPT discuss investment in power transmission projects

IFC, Vietnam's EVNNPT discuss investment in power transmission projects

Vietnam's National Power Transmission Corporation (EVNNPT) and the International Finance Corporation (IFC), a member of the World Bank Group, have discussed issues related to potential cooperation and investment in power transmission projects under the Power Development Plan VIII (PDP VIII).

Companies - Sat, November 22, 2025 | 9:23 am GMT+7

Earnings strength meets market consolidation

Earnings strength meets market consolidation

Global appetite for emerging markets is still cautious, constrained by high returns in developed markets amid geopolitical uncertainty, while pressure on the Vietnamese dong has been compounded by seasonal FDI profit repatriation, writes Minh Dang, head of research at Dragon Capital.

Economy - Sat, November 22, 2025 | 8:00 am GMT+7

Phat Dat pursues HCMC housing project after a decade as it restructures property portfolio

Phat Dat pursues HCMC housing project after a decade as it restructures property portfolio

Phat Dat Real Estate Development Corp (PDR) has moved to acquire a 50% stake in AKYN Investment Trading Service JSC as part of efforts to revive a long-delayed residential project in central Ho Chi Minh City, the company said in a board resolution. Financial terms were not disclosed.

Real Estate - Fri, November 21, 2025 | 9:30 pm GMT+7

F88 wins dual workplace awards for 2025

F88 wins dual workplace awards for 2025

Vietnam’s consumer finance major F88 has been named one of "Vietnam Best Places to Work" and a “Happiness at Work” enterprise for 2025.

Companies - Fri, November 21, 2025 | 4:07 pm GMT+7

European IP developer CTP plans large industrial-logistics project in northern Vietnam port city

European IP developer CTP plans large industrial-logistics project in northern Vietnam port city

CTP, a Dutch-led industrial park developer headquartered in the Czech Republic, is exploring a large integrated complex combining seaports, an airport, logistics facilities and industrial parks in the northern port city of Hai Phong.

Infrastructure - Fri, November 21, 2025 | 3:24 pm GMT+7

Vingroup to build $334 mln international port in central Vietnam

Vingroup to build $334 mln international port in central Vietnam

Vietnam's leading private conglomerate Vingroup will develop a modern, large-scale international port named Son Duong at the Vung Ang Economic Zone in Ha Tinh province.

Infrastructure - Fri, November 21, 2025 | 3:10 pm GMT+7

HCMC ready to operate International Financial Center: city authorities

HCMC ready to operate International Financial Center: city authorities

Ho Chi Minh City has completed preparations across infrastructure, spatial planning, digital systems, organizational apparatus, and human resources to ensure Vietnam's International Financial Center can begin operating immediately after the Government issues its guiding decrees.

Economy - Fri, November 21, 2025 | 2:11 pm GMT+7

Hoa Phat Agriculture valued at over $450 mln ahead of IPO, ranking 2nd in Vietnam's livestock industry

Hoa Phat Agriculture valued at over $450 mln ahead of IPO, ranking 2nd in Vietnam's livestock industry

Hoa Phat Agriculture Development JSC (HPA) has been valued at more than $450 million based on its newly announced IPO price, making it the second-largest company in Vietnam’s livestock industry after Masan MeatLife.

Companies - Fri, November 21, 2025 | 11:26 am GMT+7

Vietnam leads ASEAN in consumer optimism: UOB

Vietnam leads ASEAN in consumer optimism: UOB

Vietnam continues to lead the region in consumer optimism, driven by positive economic outlook and confidence in personal finances, according to the sixth edition of the ASEAN Consumer Sentiment Study (ACSS). UOB analysts offer an insight into their findings.

Economy - Fri, November 21, 2025 | 9:01 am GMT+7

MBBank partners with Visa, Kotra to launch new MB Visa Hi BIZ corporate card

MBBank partners with Visa, Kotra to launch new MB Visa Hi BIZ corporate card

MBBank (MB) on Wednesday launched a new version of its MB Visa Hi BIZ corporate card, offering enhanced spending management tools and cross-border payment capabilities through partnerships with Visa and South Korea’s trade promotion agency Kotra.

Banking - Thu, November 20, 2025 | 9:38 pm GMT+7

Germany looks to Vietnam's largest tungsten mine for critical mineral supply diversification

Germany looks to Vietnam's largest tungsten mine for critical mineral supply diversification

Germany is turning its attention to Vietnam’s Nui Phao mine, one of the world’s largest tungsten deposits outside China, as part of efforts to diversify supplies of strategic minerals.

Industries - Thu, November 20, 2025 | 5:27 pm GMT+7

Vietnam's tech firms should pursue end-to-end product strategy, avoid ‘halfway’ innovation: minister

Vietnam's tech firms should pursue end-to-end product strategy, avoid ‘halfway’ innovation: minister

Vietnamese technology firm ought to pursue a product-driven strategy and sustain long-term global ambitions, said Minister of Science and Technology Nguyen Manh Hung.

Economy - Thu, November 20, 2025 | 5:23 pm GMT+7

Vietnam’s gaming market needs more than just a 'pho restaurant'

Vietnam’s gaming market needs more than just a 'pho restaurant'

To keep up with the booming gaming industry, Vietnamese developers must innovate by embracing stronger technology adoption while still forging a unique identity, and sometimes, that unique identity could simply be represented by a humble bowl of pho (noodle soup).

Economy - Thu, November 20, 2025 | 4:14 pm GMT+7

F88 named among Best Managed Companies 2025 by Deloitte

F88 named among Best Managed Companies 2025 by Deloitte

Vietnam’s consumer finance major F88 has been recognized by Deloitte as one of the “Vietnam Best Managed Companies 2025”, meeting international governance standards.

Companies - Thu, November 20, 2025 | 2:47 pm GMT+7

PTC1 unit assesses information security at 220kV northern Vietnam substations

PTC1 unit assesses information security at 220kV northern Vietnam substations

The Northeast Power Transmission Team 3, a unit of Power Transmission Company No.1 (PTC1), coordinated with Cyberspace Operations Command (Command 86) to conduct an information security (IS) assessment at the 220kV Lang Son and Bac Quang substations from November 10-14.

Companies - Thu, November 20, 2025 | 1:12 pm GMT+7