The Cần Thơ People’s Committee has granted approval in principle for three projects, worth a combined total of more than VNĐ8 trillion (US$348 million). — Photo cafeland

HÀ NỘI —  The Cần Thơ People’s Committee has granted approval in principle for three projects, worth a combined total of more than VNĐ8 trillion (US$348 million).

These projects, which are involved in urban area and resort development, are expected to start construction this quarter.

They will comprise a VNĐ1.62 trillion urban area, to be developed by HCM City-based Thủ Đức House JSC. It will cover 51ha in Cái Răng District.

The other project is a 51-ha Cồn Khương urban area, worth VNĐ4.9 trillion, in Bình Thủy District. The large-scale project will be implemented by a joint venture of the Hà Nội-located 216 JSC and Văn Phú Invest JSC.

Meanwhile, TMS Global JSC will also build a 75-ha ecological resort complex, valued at VNĐ1.57 trillion, in Bình Thủy District.   

The Mekong Delta city will put 15 key projects with total investment of more than VNĐ2.1 trillion into use in 2019, director of the municipal Department of Planning and Investment Nguyễn Văn Hồng said.

Of the key projects, 10 have combined capital of more than VNĐ1.41 trillion sourced from the State budget while the remainder received investment from non-State sources.

As of last year, the city’s industrial and export processing zones had 243 valid projects, with a total investment capital of $1.72 billion. Of the sum, more than $1 billion was disbursed.

Among these projects, domestic investors pumped $1.32 billion into 218 projects, accounting for 56 per cent of the total capital while foreign investors injected $380 million into 21 projects.  VNS