Quang Tri accelerates major projects

The Provincial Economic Zone Management Board and relevant departments, agencies, and localities under the leadership of the provincial authorities have been implementing comprehensive solutions to accelerate key projects, aiming to harness local potential and strengths to drive economic growth.

According to Report No. 251 dated February 25, 2025, from the Provincial Economic Zone Management Board, the My Thuy Port Terminal Investment and Construction Project, developed by My Thuy International Port Joint Stock Company (MTIP), spans 685 hectares and includes 10 berths capable of accommodating ships of up to 100,000 tons. The total investment amounts to $600 million. The project is divided into three phases: Phase 1 (2018-2025) consists of four berths with an investment of US$236.1 million; Phase 2 (2026-2031) includes three berths with an investment of $235 million; and Phase 3 (2032-2036) adds three more berths with an investment of $129 million.

Construction site of the Quang Tri Industrial Park Project. Photo: N.V

MTIP has completed the necessary investment procedures and has received a land transfer of 133.67 hectares to begin construction. The company has completed 80% of the wave barrier and the concrete supply station and is currently working on Berths 1 and 2, the transition platform, and the rear embankment. Additionally, MTIP is handling the required procedures for dredged material disposal, with an estimated 29 million cubic meters of dredged material expected throughout the three project phases. The company has also signed consultancy contracts to prepare environmental impact reports and feasibility studies for Phases 2 and 3.

For the environmental impact assessment, the investor is gathering feedback from local communities, agencies, and organizations. Once finalized, the report will be submitted for official approval. MTIP is also coordinating with relevant agencies to accelerate land clearance for 43.44 hectares for the expansion of Phase 1 and 145.09 hectares for Phases 2 and 3. Additionally, mineral surveys for Phases 2 and 3 are underway to obtain necessary approvals for project implementation.

The Hai Lang LNG Project Phase 1, with a capacity of 1,500 MW and a total investment of $2.37 billion, spans 54.93 hectares within the Southeast Quang Tri Economic Zone and an additional 130 hectares of adjacent sea area. By December 2025, the investor is expected to complete investment preparations, land leasing, and site leveling. Construction is scheduled from Q1 2026 to Q4 2029, with the first unit commencing commercial operation in Q2 2029 and the second unit in Q4 2029.

The project has undergone necessary adjustments, including modifications to the overall and detailed planning of the Southeast Economic Zone, land use planning, environmental impact assessments, investment policy adjustments, risk assessments, and approvals for specialized LNG berths and navigation channels. On January 24, 2025, the Department of Electricity and Renewable Energy under the Ministry of Industry and Trade announced the feasibility study evaluation results, and the investor is now finalizing documents for approval. The investor is also working with Hai Lang District authorities to integrate the project into the 2025 land use and regional planning, as well as land clearance efforts.

The Quang Tri Industrial Park (IP) Project in Hai Lang District is developed by Quang Tri Industrial Park Development Co., Ltd. (QTIP), a joint venture between Vietnam-Singapore Industrial Park Joint Venture Co., Amata Bien Hoa Urban JSC (Thailand), and Sumitomo Corporation (Japan). The project covers 481.2 hectares with a total investment of $83.3 million, divided into three phases: Phase 1 (2021-2025) spans 97.4 hectares with an investment of $20.2 million; Phase 2 (2026-2029) covers 184.32 hectares with an investment of $30 million; and Phase 3 (2029-2032) spans 199.48 hectares with an investment of $33.1 million.

QTIP has completed Phase 1 investment procedures and has been allocated 96.05 hectares of land across four rounds by the provincial government. Construction commenced on December 15, 2023, and the infrastructure and land leveling of the first phase, covering 96.05 hectares, is expected to be completed by 2026. QTIP has also obtained a permit to construct a railway interchange connected to National Highway 1, with construction set to begin in March 2025.

To facilitate land clearance for Phases 2 and 3 and explore westward expansion, the Provincial Economic Zone Management Board is working with Hai Lang District authorities to survey land reserves and develop housing for industrial workers. Plans are also in place to establish resettlement areas for land clearance efforts in Phases 2 and 3, covering 18 hectares with an estimated investment of $4.8 million. The Department of Planning and Investment, now the Department of Finance, has reviewed the funding plan, and the provincial government is considering budget allocations for the 2026-2030 mid-term investment phase. Meanwhile, QTIP is conducting land measurement and preparing land recovery documents for Phase 2.

The Quang Tri Thermal Power Plant project has also been revived. On February 13, 2025, the Provincial Party Standing Committee issued Notification No. 899, approving the project’s continuation and directing the provincial government to collaborate with Vietnam Electricity (EVN) to recommend that competent authorities authorize Power Generation Corporation 1 to undertake the project. On February 20, 2025, the provincial government submitted Official Document No. 544 to the Ministry of Industry and Trade, requesting that the project be classified as an urgent electricity infrastructure project under the 2024 Electricity Law. EVN is currently preparing an investment proposal for review by the provincial government and relevant authorities.

With these efforts, the acceleration of key projects is expected to significantly contribute to Quang Tri’s goal of achieving 8% economic growth in 2025 and beyond.

According to Ha Sy Dong, Acting Chairman of the Quang Tri Provincial People’s Committee, 2025 and the following years present a significant opportunity for Quang Tri to break through and establish itself as a key economic, cultural, and defense hub in Central Vietnam. At the same time, the province aims to solidify its position on the national development map. A new momentum is emerging, accelerating toward success.

In 2025, the province targets an 8% growth in Gross Regional Domestic Product (GRDP) compared to 2024, with per capita GRDP reaching approximately US$3,590 and total social investment capital amounting to about $1.31 billion.

To achieve this growth scenario, the provincial government is focusing on innovative thinking, new approaches, and breakthrough strategies. A key priority is the timely completion of streamlining administrative structures to enhance efficiency and effectiveness without disrupting residents or business activities in the short term.

The province is also accelerating economic restructuring, transitioning to a new growth model that enhances productivity, quality, efficiency, and competitiveness while strengthening economic resilience. In this effort, priority will be given to high-potential industries and key economic sectors to drive overall growth.

Furthermore, Quang Tri is committed to continuously improving the business and investment environment, enhancing provincial competitiveness, and advancing administrative reforms. Simplifying procedures and reducing bureaucratic barriers will be central to attracting more investment projects.

Nguyen Vinh - Ngoc Mai