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
Grocery chain Bach Hoa Xanh opens 1st store in Hanoi, takes cautious northern Vietnam expansion approach

Grocery chain Bach Hoa Xanh opens 1st store in Hanoi, takes cautious northern Vietnam expansion approach

Bach Hoa Xanh, a grocery chain operated by Vietnam’s leading retailer Mobile World Investment Corporation (HoSE: MWG), has opened its first store in Hanoi, marking entry into one of the country’s most competitive consumer markets.

Companies - Sat, May 9, 2026 | 8:17 am GMT+7

Intel to continue expanding investment in Vietnam: exec

Intel to continue expanding investment in Vietnam: exec

U.S. chipmaker Intel will continue expanding investment, supporting workforce training, and helping develop Vietnam’s semiconductor ecosystem as the country refines investment support mechanisms to retain large-scale high-tech projects, said its executives.

Industries - Fri, May 8, 2026 | 7:48 pm GMT+7

Vingroup’s VinMetal partners with Primetals for green steel complex in central Vietnam

Vingroup’s VinMetal partners with Primetals for green steel complex in central Vietnam

Vingroup’s subsidiary VinMetal has signed a strategic cooperation agreement with global steel giant Primetals Technologies to develop a large-scale integrated steel complex in central Vietnam.

Industries - Fri, May 8, 2026 | 4:25 pm GMT+7

Hanoi pushes Sumitomo, BRG to accelerate $4.2 bln smart city project

Hanoi pushes Sumitomo, BRG to accelerate $4.2 bln smart city project

Hanoi authorities have asked Japan’s Sumitomo and local conglomerate BRG Group to quicken the progress of the North Hanoi Smart City project as soon as legal procedures are finalized.

Real Estate - Fri, May 8, 2026 | 3:31 pm GMT+7

Moody's Ratings upgrades MBBank's deposit ratings to Ba2 from Ba3, outlook stable

Moody's Ratings upgrades MBBank's deposit ratings to Ba2 from Ba3, outlook stable

Moody’s Ratings (Moody’s) has announced an upgrade of the local currency and foreign currency long-term deposit and issuer ratings for Military Commercial Joint Stock Bank (MB, HoSE: MBB) from Ba3 to Ba2, aligning with Vietnam’s sovereign rating (Ba2 positive). The outlook remains "Stable."

Banking - Fri, May 8, 2026 | 3:00 pm GMT+7

Vietnam welcomes leading Indian groups to expand energy, infrastructure cooperation: top leader

Vietnam welcomes leading Indian groups to expand energy, infrastructure cooperation: top leader

Vietnam is ready to create favorable conditions for capable Indian corporations and businesses to expand investment and operations in the country in line with its laws, while ensuring transparency and balanced interests among stakeholders, said Vietnam’s Party chief and President To Lam.

Economy - Fri, May 8, 2026 | 1:59 pm GMT+7

Vietnam airport operator ACV records slows disbursement for Long Thanh mega-airport project

Vietnam airport operator ACV records slows disbursement for Long Thanh mega-airport project

Airports Corporation of Vietnam's (ACV) slow disbursement for the Long Thanh International Airport project, located in the southern province of Dong Nai, highlights implementation bottlenecks despite the company's strong profitability in Q1/2026 and substantial cash reserves for the country's largest aviation infrastructure project.

Companies - Fri, May 8, 2026 | 1:41 pm GMT+7

Vietnam property developers shift to asset-holding strategy for stable cash flow

Vietnam property developers shift to asset-holding strategy for stable cash flow

Vietnamese property developers are increasingly shifting away from the traditional build-to-sell model and focusing instead on accumulating long-term assets capable of generating stable recurring income, as the industry adapts to lessons learned from the market downturn of 2022-2023.

Real Estate - Fri, May 8, 2026 | 12:07 pm GMT+7

Vietnamese, Indian firms exchange 27 agreements on aviation, tourism, logistics, technology

Vietnamese, Indian firms exchange 27 agreements on aviation, tourism, logistics, technology

Vietnamese and Indian firms on Thursday exchanged 27 cooperation agreements aimed at boosting trade, investment, tourism and training between the two countries, thereby making bilateral partnership deeper, more practical and effective.

Economy - Fri, May 8, 2026 | 11:13 am GMT+7

MBBank ranks among Vietnam's leading lenders for SME working capital in key industries

MBBank ranks among Vietnam's leading lenders for SME working capital in key industries

Military Bank (MB) has emerged as one of Vietnam’s leading providers of working capital financing for small and medium-sized enterprises (SMEs) operating in key economic sectors, according to National Credit Information Center (CIC) data.

Banking - Fri, May 8, 2026 | 8:56 am GMT+7

Hanoi eyes massive replanning of Red River corridor, relocation of riverside communities

Hanoi eyes massive replanning of Red River corridor, relocation of riverside communities

Hanoi plans to gradually relocate and reorganize all residential areas outside the Red River dike system as part of an ambitious urban redevelopment strategy aimed at transforming both banks of the river into a new economic and cultural corridor for the capital.

Economy - Thu, May 7, 2026 | 5:04 pm GMT+7

Thaco, VinFast, TC Group urge Vietnam gov't to keep auto sector under conditional business rules

Thaco, VinFast, TC Group urge Vietnam gov't to keep auto sector under conditional business rules

Vietnam’s three major domestic automotive corporations - Thaco, VinFast and TC Group - have urged the government to maintain automobile manufacturing, assembly and import activities within the list of “conditional business sectors,” warning that deregulation could weaken the country’s long-term industrial strategy and expose local producers to unfair competition.

Economy - Thu, May 7, 2026 | 4:09 pm GMT+7

Prudential Vietnam remits $194 mln in retained earnings to parent company

Prudential Vietnam remits $194 mln in retained earnings to parent company

Prudential Vietnam transferred over VND5.1 trillion ($194 million) in retained earnings to its parent company, Prudential Corporation Holdings, earlier this year, according to disclosures in its 2025 financial statements.

Finance - Thu, May 7, 2026 | 3:33 pm GMT+7

$120 mln export ambition: What drives Vietnam’s home appliance giant Sunhouse to strengthen position in global supply chain?

$120 mln export ambition: What drives Vietnam’s home appliance giant Sunhouse to strengthen position in global supply chain?

The prominent presence of Sunhouse, Vietnam’s leading home appliance brand, at the 139th Canton Fair reinforces its strategic direction to become a key manufacturing partner in the global supply chain.

Companies - Thu, May 7, 2026 | 2:10 pm GMT+7

Vietnam makes 'huge difference' in terms of accessibility criteria: FTSE Russell exec

Vietnam makes 'huge difference' in terms of accessibility criteria: FTSE Russell exec

Vietnam has made “significant progress in meeting the requirements” over the past two years for an upgrade from frontier market to secondary emerging market status, said Wanming Du, FTSE Russell's Asia-Pacific director of index policy.

Finance - Thu, May 7, 2026 | 11:54 am GMT+7

Taiwan's electronics major Lite-On to pump additional $149 mln into Vietnam arms

Taiwan's electronics major Lite-On to pump additional $149 mln into Vietnam arms

Taiwanese electronics maker Lite-On Technology plans to inject an additional $149 million into its wholly owned subsidiaries in Vietnam, as part of efforts to expand production capacity and strengthen its manufacturing footprint.

Industries - Thu, May 7, 2026 | 8:00 am GMT+7