Quang Ninh works with investors to remove obstacles at Bac Cau Bang project

Đoàn Hưng |

Quang Ninh - On November 15, the People's Committee of Quang Ninh province worked with the investor and secondary investors of the Bac Cau Bang New Urban Residential Area Project (phase I).

Mr. Vu Van Dien - Permanent Vice Chairman of the People's Committee of Quang Ninh province chaired and directed the meeting.

The conference aims to publicize information on project status, construction plans, roadmaps and investment implementation time, and completion of technical infrastructure.

The project to invest in the construction and business of infrastructure in the new urban area north of Cau Bang in Thong Nhat commune, Quang Ninh province has been invested by Thong Nhat 508 Joint Stock Company since 2004.

Dai dien chu dau tu
The investor's representative reports the project progress. Photo: Doan Hung

The project area is 134ha, including 2 phases: Phase I has an area of 56ha with items for filling the entire 134ha and building technical infrastructure within the 56ha boundary; Phase II has an area of 78ha, completing infrastructure according to the approved plan.

The total investment of the project is over 418 billion VND, of which phase I is 279.1 billion VND.

According to the investor's report, the compensation for site clearance has been completed since 2008. On January 11, 2008, the enterprise was handed over the first phase with an area of 471,861m2; of which more than 112,000m2 was granted land use right certificates.

Up to now, phase 1 has completed 100% of the leveling volume, and has constructed internal roadbed and concrete for some roads.

Quang canh hoi nghi. Anh: Doan Hung
Conference scene. Photo: Doan Hung

Regarding capital mobilization, the total business area in phase I is 256,696m2. The investor has signed 858 contracts with secondary investors, with a total amount of VND 330.1 billion; VND 159.9 billion has been collected, with VND 170.1 billion uncollected.

After the People's Committee of Ha Long City issued Decision 6822/QD-UBND dated June 27, 2025 on adjusting the detailed planning 1/500 of the project, in July 2025, the Company coordinated with the locality to publicly announce the plan and negotiate with customers.

At the meeting, the investor proposed that the Provincial People's Committee support financial procedures related to project adjustments.

After listening to the opinions of investors, secondary investors, departments, branches and localities, concluding the meeting, Mr. Vu Van Dien - Permanent Vice Chairman of the People's Committee of Quang Ninh province - emphasized: To continue implementing the project, investors must fully fulfill financial obligations, clearly define financial plans and infrastructure investment plans.

In the immediate future, departments and branches will coordinate to review and recalculate land prices according to Inspection Conclusion No. 2096/KL-TTCP dated September 5, 2014; complete the financial plan for the adjusted area.

Thong Nhat Commune People's Committee supervises the implementation; publicizes the planning map at the construction site and the commune People's Committee headquarters.

All of the above contents must be completed in November 2025.

The Standing Vice Chairman of the Provincial People's Committee also suggested that secondary investors need to establish a Management Board to closely follow the implementation progress as well as cash flow management and project quality management. Every week, the representative of the Project Management Board is responsible for synthesizing and reporting the progress to the People's Committee of Thong Nhat commune so that the local government can soon grasp the difficulties and problems if any.

Đoàn Hưng
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