During last year, Dong Nai licensed many big projects worth over US$1 billion such as a US$1.1billion Phuoc An port project, a US$2 billion township in Nhon Trach district and a US$6 billion Eastern Saigon new urban area project.
During last year, Dong Nai licensed many big projects worth over US$1 billion such as a US$1.1billion Phuoc An port project, a US$2 billion township in Nhon Trach district and a US$6 billion Eastern Saigon new urban area project. 2009 was an impressive year of Dong Nai’s achievements in investment attraction, both local and foreign. This proves that Dong Nai maintains status as attractive destination for investment.
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| The design model of Eastern Saigon new urban area project |
Major investment projects include Phuoc An Port in Nhon Trach District. It is invested by the PetroVietnam Group, Bien Hoa Industrial Park Development Company and Tin Nghia Company. The $1.1 billion project is expected to increase the port’s capacity to 9 million tonnes a year and make it capable of accommodating 30,000-60,000 tonne vessels. The Phuoc An Port, with initial investment of about US$ 200 million, will be built along the Thi Vai River for receiving large cargo ships. The project will cover an area of more than 700 hectares in Long Tho and Phuoc An communes, Nhon Trach district. Despite adverse impacts of the global financial crisis, the investor is set to start the construction of the project soon. The project’s first phase is expected to put into operation in 2012.
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Chairman of Malaysian Berjaya Group (L) presents a souvenir gift to Secretary of the Provincial Party Committee Tran Dinh Thanh (R) at the license granting ceremony for Nhon Trach New City Center project. |
In November of 2009, the provincial authorities granted an investment certificate to Malaysia’s Berjaya Corporation for Nhon Trach New City Center project in Dong Nai province. The 600-hectare Nhon Trach New City Center with total investment of US$2 billion marks the largest foreign investment project in the province to date. The Nhon Trach New City Center project is the second project of Berjaya in Dong Nai, the first being the Bien Hoa City Square project which is a joint venture between Malaysia’s Berjaya Land Berhad through its subsidiary Berjaya Leisure Cayman, and Industrial Urban Development Company 2 (D2D) with total investment of US$150 million. The Bien Hoa City Square project covers nearly 2.6 hectares in Bien Hoa City’s Thong Nhat Ward, and it is scheduled for completion within three years of construction.
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| The provincial leaders take a souvenir photograph with Malaysian ambassador Lim Kim Eng (4th, L) and Berjaya’s leaders at the license granting ceremony for Nhon Trach New City Center project. |
The Nhon Trach New City Center project is envisaged becoming a commercial, service, tourism and educational and administration center in the southern focal economic zone. Under a master zoning plan for Nhon Trach District, this new modern urban center has an infrastructure system built synchronously and completely in many aspects. The development of the new Nhon Trach urban center will be divided into four phases from now to 2020, each of which is to include commerce and public construction, and housing units.
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| The groundbreaking ceremony for Eastern Saigon new urban area in Nhon Trach district |
Another big project is Eastern Saigon new urban area which was started construction on August 16, 2009 by Nhon Trach Investment Joint Stock Co, the member company of Tin Nghia Corp. The Eastern Saigon new urban area project worth over US$6 billion is the largest of its kind in Dong Nai. The project will be built on a site of 759 hectares in communes of Phu Thanh and Long Tan in Nhon Trach district of Dong Nai province. This project is one part of general project of Nhon Trach new urban area. The investor has compensated for ground clearance work of 568.3 hectares of land. The new urban area will be built with synchronous high class infrastructure with public service works that meet the demands of 150,000 residents. Infrastructure construction will cost about US$220 million. The first houses are expected to be completed by late 2010.
Reported by X.P-K.N
