VĨNH PHÚC — Vĩnh Phúc Provincial People's Committee has just issued a decision approving the list of 58 priority projects calling for investment in the province in the 2021-2025 period.
In Decision 2906/QĐ-UBND, 48 projects have a total estimated investment of more than US$1 billion.
The other 10 projects are calculated by investors themselves regarding the investment levels for each project.
Projects include a five-star hotel and entertainment complex in Nam Viêm commune, Phúc Yên city, with investment of $100 million; an eco-tourism project of Vân Trục lake and Bò Lạc lake in Lập Thạch and Sông Lô districts with investment of $100 million; Lập Thạch market project with investment of VNĐ100 billion; Hương Canh market project with estimated investment of VNĐ75 billion.
The expected form of calling for investment is bidding, auction, direct investment, investment in the form of public-private partnership (PPP), direct investment, or concessional ODA loan.
The progress of small-scale and less complicated projects is expected to take from one to three years, and for large-scale projects with a multi-progressive workload lasting four to five years.
Along with the above investment priority projects, the provincial people's committee also approved the list of projects with investment restrictions; and projects that do not attract investment from 2021-2025.
Most of the projects with investment restrictions and projects which do not attract investment approved by Vĩnh Phúc province are related to outdated technology and environmental pollution risks. — VNS
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