Proposed Van Don zone rakes in cashThe proposed Van Don Special Administrative-Economic Zone in the northern province of Quang Ninh, with the tourist magnet of Halong Bay, is receiving great investments into property and infrastructure projects. The proposed incentives are making Van Don on the radar of infrastructure and real estate developers. Along with Van Don International Airport invested in by one of the country’s leading property developer Sun Group and slated to be completed in October this year, Van Don would be connected by a highway linking it to the cities of Haiphong and Halong, as well as Cai Net-Con Ong Seaport. Meanwhile, Jonathan Hanh Nguyen’s Imex Pan Pacific, specialised in luxury brands and airport-based fashion, wine, and duty free shops, is also eyeing Van Don with an expected investment capital of $440 million. According to the first-quarter report of the Vietnam Association of Realtors (VARS) 800 land transactions were recorded in the first three months of this year in Van Don.

Source: VietNamNet News May 01, 2018 16:46 UTC