IPP Group (Imex Pan Pacific Group) has proposed pouring VND10 trillion ($440 million) into the whole non-tariff area of Van Don Special Administrative-Economic Zone (SAEZ) in 2018-2023. IPP Group is operating series of duty-free stores at the international airports Johnathan Hanh Nguyen, chairman of IPP Group, has just sent a document to the Quang Ninh People’s Committee on the non-tariff area investment in Van Don in the future. Accordingly, IPP expects to pour VND10 trillion ($440 million) into this project in 2018-2023 to construct duty-free shops and supermarkets, fashion outlet, condotels, a commerce centre and food court, as well as entertainment facilities and offices. During the last 32 years, IPP has poured $500 million into the duty-free business at international airports such as Tan Son Nhat, Noi Bai, Danang, Phu Quoc, and Cam Ranh, and became a strategic partner of major international players DFS (US) and Lotte Duty Free (South Korea). The total revenue of DFS and … [Read more...] about IPP Group to pour $440 million into Van Don SAEZ
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CAAV to launch representative office in Van Don Int’l Airport
The representative office’s functions are inspecting the observance of regulations related to civil aviation, plans and programs to develop civil aviation, aviation safety and security; ensuring compatible land use around airports, and other activities. Van Don International Aiport is built on 290 ha in Doan Ket commune, Van Don District under build-operate-transfer (BOT) format, with an estimated investment capital of US$2 billion. The construction of the airport has been started in 2015 and is expected to comlete in 2018. The airport is designed to serve both civil and military flights and able to receive 2-2.5 million passengers a year by 2020 and large aircrafts like B777, B787, B747-400 and A350. The airfield will be expanded to serve five million passengers annually by 2030. By BICH QUYEN – Translated by Kim Khanh Tags: The Civil Aviation Administration of Vietnam CAAV Van Don International Airport … [Read more...] about CAAV to launch representative office in Van Don Int’l Airport
Van Don asks projects’ suspension pending master plan
A view of Cai Bau Island in Van Don District. Quang Ninh is working to build Van Don into a special administrative-economic zone to meet new development requirements. — VNA/VNS Photo Minh Quyet The Van Don Economic Zone Authority has asked the People’s Committee of Van Don District and investors to stop commissioning new projects, adjusting project plans and applying for investment. The decision comes as the master plan for the future special administrative-economic zone is pending approval. Projects subject to the proposed suspension exclude new projects relating to social security of Van Don District, along with the “Con duong di san” (Heritage Road) project, Sonasea Dragon Bay resort complex, Ngoc Vung Island project and Sun Group project, which are major investments. The Van Don Economic Zone Authority proposed that other projects only be permitted to continue by the People’s Committee of Quang Ninh Province after a master socio-economic plan and … [Read more...] about Van Don asks projects’ suspension pending master plan
Van Don proposes projects’ suspension pending master plan
The Van Don Economic Zone Authority has asked the People’s Committee of Van Don District and investors to stop commissioning new projects, adjusting project plans and applying for investment. A view of Cai Bau Island in Van Don District. Quang Ninh is working to build Van Don into a special administrative-economic zone to meet new development requirements. - VNA/VNS Photo Minh Quyet The decision comes as the master plan for the future special administrative-economic zone is pending approval. Projects subject to the proposed suspension exclude new projects relating to social security of Van Don District, along with the “Con đường di sản” (Heritage Road) project, Sonasea Dragon Bay resort complex, Ngoc Vung Island project and Sun Group project, which are major investments. The Van Don Economic Zone Authority proposed that other projects only be permitted to continue by the People’s Committee of Quang Ninh Province after a master … [Read more...] about Van Don proposes projects’ suspension pending master plan
Van Don asks for suspension of projects pending special master plan
A view of Cai Bau Island, part of Van Don district (Photo: VNA) Quang Ninh (VNA) – The Van Don Economic Zone Authority has asked the People’s Committee of Van Don district and investors to stop establishing new projects, adjusting project plans and applying for investment pending the approval of master plans for the future special administrative-economic zone. Projects subject to the proposed suspension exclude new projects relating to social security of Van Don district along with “Con duong di san” (Heritage Road) project, Sonasea Dragon Bay rerort complex, Ngoc Vung Island project and Sun Group project, which are major investments. The Van Don Economic Zone Authority proposed that other projects only be permitted to continue by the People’s Committee of Quang Ninh province after a master socio-economic plan and general construction plan of the Van Don special administrative-economic zone are approved. For the projects that have … [Read more...] about Van Don asks for suspension of projects pending special master plan