BRITISH INVESTORS PROPOSE US$18-BLN DEEP-SEA PORT, INDUSTRIAL URBAN COMPLEX IN QUẢNG NINH

Once operational, the complex is expected to handle approximately 274 million tonnes of cargo annually, generate about $12.57 billion in industrial output each year, and create some 267,400 jobs.

Cái Lân International Container Terminal in Quảng Ninh Province. — llustrative Photo VNA

QUẢNG NINH — British investors have proposed an US$18-billion deep-sea port and eco-industrial urban complex in the northern province of Quảng Ninh as local authorities reaffirmed their commitment to facilitating strategic, high-value investment projects.

Representatives of Thai An Holdings JSC and their British partners presented the proposal during a working session with Permanent Vice Chairman of the provincial People's Committee Vũ Văn Diện on August 7 to discuss potential investment opportunities.

Under the proposal, the Hải Hà deep-sea port and eco-industrial urban complex will cover an estimated 6,500 ha in the Móng Cái Border Gate Economic Zone. Once operational, the complex is expected to handle approximately 274 million tonnes of cargo annually, generate about $12.57 billion in industrial output each year, and create some 267,400 jobs.

The investors said they hope to begin preliminary studies and site surveys in the fourth quarter of this year.

Briefing participants on Quảng Ninh's socio-economic development, Diện said the province has maintained double-digit economic growth for 10 consecutive years and is targeting annual expansion of around 13 per cent by 2030.

He noted the Hải Hà industrial – port zone has been included in the provincial master plan for more than a decade. Quảng Ninh is also investing heavily in strategic transport infrastructure to support industrial development, logistics services, and investment attraction.

The Vice Chairman affirmed that Quảng Ninh is ready to create the best possible conditions for investors to conduct studies and implement projects. In addition to logistics and port services, he suggested the investors consider developing value chains for the province's potential farm produce, including tea, cinnamon, and star anise.

Local authorities will continue to assess the project's feasibility based on the initial studies' outcomes before making decisions on further steps, he added.

In the first seven months of 2026, Quảng Ninh attracted nearly $1.1 billion in foreign direct investment (FDI). It aims to secure between $2.5 billion and $3 billion in FDI this year.

Total registered domestic investment and FDI in local economic zones and industrial parks during the period exceeded VNĐ42 trillion ($1.6 billion).

The province prioritises investment in processing and manufacturing, high technology, electronic components, green energy, and high-value logistics, reflecting its shift of investment attraction focus from quantity to quality. — VNS

Source: VNS