The Quảng Ninh Economic Zone Authority has granted investment certificates for two projects in Móng Cái Ward 3 with a combined capital of nearly VNĐ1.2 trillion (US$46 million) on August 9.
In the second quarter of this year, Vietnamese seaports witnessed a container volume boom as exporters rushed to ship goods during a 90-day pause on US reciprocal tariffs.
Vinachem proposed that the Lao Government direct relevant ministries to resolve remaining administrative issues, helping to accelerate the project and ensure it stays on schedule.
Deputy Prime Minister Nguyễn Chí Dũng made the statement while working with memory giant Kioxia on Tuesday on the sidelines of the 30th Future of Asia Conference.
Once operational, these projects are expected to open up strong connectivity opportunities between mountainous and coastal localities, creating new momentum for local development.
These projects are expected to significantly boost the province''s industrial output and contribute to its economic growth trajectory, according to the provincial authorities.
The project in the Thành Hải resettlement area will include 1,155 social housing units and 197 commercial housing units, with a total investment of over VNĐ1.13 trillion (US$44.4 million).
Nguyễn Văn Thi, Standing Vice Chairman of the Thanh Hóa Provincial People''s Committee, underscored the strategic significance of the two major projects in advancing Việt Nam''s chemical and garment industries.