Breakthrough In Infrastructure At The Golden Triangle In The North

Located in the northern key economic region, the golden triangle of Quang Ninh – Hanoi – Hai Phong is impressed by the strong growth in infrastructure development as well as tourism.

You can read more information at Vietnam Real Estate News

Northern Golden Triangle

FLC Halong Bay Golf Club and Luxury Resort

If Hanoi is a center of the cultural and political economy with the attractiveness of a thousand years of civilization, Quang Ninh is a “read address” for island tourism, spectacular caves, Hai Phong also has its own advantages with Do Son Beach and Cat Ba World Biosphere Reserve. These three sites have long been identified as the key tourism triangle of the North.

Northern Golden Triangle

Scenery of Halong Bay from the golf course of Halong FLC

Potential “oases”, lack of links

Over the past decade, the number of tourists to Hanoi – Hai Phong – Quang Ninh has accounted for 59%, of which 77% is from international visitors and 80% is from Northern provinces. However, this is also the period where the number of accommodation establishments ranked in all three provinces is quite small and unbalanced in the balance of supply and demand for tourism: Hanoi has 177 facilities with a capacity of up to 80%,  Hai Phong has 102 facilities with 55% capacity. The same figure in Quang Ninh is 305 accommodation establishments, capacity is only 37%.

Lack of infrastructure and transport links, the three localities almost no association of tourism, each side develops spontaneously with the demand and supply completely different, although the geographical distance is not far: Hanoi is nearly 200 km from Quang Ninh and 120 km from Hai Phong.

In the context of tourism must be the inter-branch, inter-regional economy, isolation between the three key areas of the North will be a major obstacle to the development and tourism growth of the country.

This has been drastically changed in recent years.

Hands on development

For several years, the Golden Triangle of the Bac Bo region has witnessed major breakthroughs in infrastructure with major access roads: National Highway 5, 10, 17, 18; Bach Dang bridge, Ha Noi – Hai Phong expressway, Ha Long – Hai Phong expressway … help shorten the travel time between Halong Bay to Hanoi only 90 minutes, moving time from Hai Phong to Hanoi is just over 1 hour.

In the near future, when Ha Noi – Hai Phong – Ha Long – Mong Cai expressway, Bach Dang bridge linking Hai Phong with Ha Long … will be put into operation, connecting to the highways of Lao Cai – Hanoi, the longest highway in Vietnam, this will be the important trade belt with China and the world.

Northern Golden Triangle

Hanoi – Hai Phong Expressway

In addition, the plan to upgrade Cat Bi airport into Cat Bi International Airport in accordance with the 4E standard in mid-2016 and investment in the construction of Van Don International Airport is expected to be operational by the end of this year, has become a lever that promotes sustainable economic growth for the northern economic triangle of Hanoi – Hai Phong – Quang Ninh as well as the whole country.

See more information at Vietnam Real Estate Market

The big men in the game

The progressive development of real estate in the Golden Triangle has become a potential playground for investors

Port city rivals many rivals, becoming the largest FDI attraction in the country in 2016 with nearly $ 3 billion, and also a destination for a series of large-scale tourism and resort projects such as: project on building technical infrastructure in Bac Cam urban area of Xuan Thanh Group; the expansion of the 36-hole golf course of BRG Group; MCKINLEY Investment Group’s complex of tourist complexes and solar power plants.

At the mine site, only in 2014-2015, Quang Ninh province has attracted more than 100 real estate projects with total investment estimated at over $ 4,347,820, notably the convergence of foreign investors such as: Amata Group (Thailand) with high technology industrial area of US $ 2 billion, ISC Corporation (US) with $ 7.5 billion entertainment complex in Tuan Chau Island or the CDC (UK); Middle Utilities Company (Singapore); Infra Asia Investment (HongKong) with a project to develop the port complex more than $ 300 million in the area.

Many investors have quickly covered both areas of the triangle with a series of trillion works. For example, FLC has three projects in Quang Ninh: FLC Halong Bay Golf Club and Luxury Resort with a total investment of $ 147,826; With an expected investment of $ 2 billion and a 50-storey twin tower with total investment of more than $ 121,739, it is expected to become the new symbol of Ha Long.

In Hai Phong, FLC is developing FLC’s Do Bac Fico with investment capital of $ 230,434,700, the first fully encroaching project in Vietnam.

Northern Golden Triangle

Partial view of Do Son FLC Complex

These pioneering investors with strong financial potential mentioned above will not only help the picture of tourism infrastructure of the Golden Triangle but also “create the power to spread, This will create more opportunities for other investors, “said Quang Ninh People’s Committee Chairman Nguyen Duc Long.

No doubt, Hanoi – Quang Ninh – Hai Phong has become an important growth pole in the tourism economy of the country and region, contributing to Vietnam’s rise to the top of the list of tourism development in Asia and the Top 10 fastest growing tourist destinations in the world in 2017.

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