The $350 Million Super-Metropolitan Project in Ha Tinh: A New “Golden Land” and Epicenter of Growth

The Management Board of the Ha Tinh Economic Zone has just issued Decision No. 83/QD-KKT, approving in principle the investment policy for the New Urban Area Project in Ky Trinh Ward, Ky Anh Town. The project has a total expected investment of VND 7,799.5 billion, excluding compensation, support, resettlement, and land use costs.

The project is expected to occupy approximately 84.12 hectares of land in Ky Trinh Ward. Its components include commercial and social housing, as well as social infrastructure.

In terms of commercial housing, the project plans to construct 2,596 terraced houses with four floors each, spanning a total land area of 222,940.4 square meters and offering 891,761.5 square meters of floor space. As for social housing, it will take the form of a ten-story apartment complex on a 57,434.7-square-meter land area, providing a projected total floor area of 79,825.1 square meters.

The project integrates social infrastructure such as medical facilities, schools, cultural houses, commercial centers, sports facilities, fire protection infrastructure, and parking lots to cater to the daily needs and enhance the quality of life for its residents.

The Management Board of the Ha Tinh Economic Zone will organize a public auction to select investors for the project, ensuring transparency and investment efficiency. Additionally, they will provide support to the winning bidder in completing the necessary procedures to implement the project and aim for its timely commencement and completion as per the approved schedule.

The project is expected to be implemented within five years from the selection of the investor, including two years for finalizing legal procedures and the subsequent three years for construction and operation.

Ky Anh, nestled in the southeast of Ha Tinh province, is both a mountainous and coastal district. In recent years, it has emerged as one of the localities with a high economic growth rate.

Over the past decade, Ky Anh’s economic scale is expected to have increased 2.5 times compared to 2015. The poverty rate has significantly dropped from 16.1% in 2015 to 1.82% in 2024. Per capita income has also witnessed a substantial rise, climbing from over VND 32 million in 2015 to more than VND 62 million in 2024.

Ky Anh currently plays a pivotal role in the province’s industrial and logistics development thanks to its array of industrial parks, seaports, and large-scale technical infrastructure. Notable mentions include the Vung Ang Economic Zone, a hub for heavy industry, energy, and the strategic seaport in North Central Vietnam, and the Son Duong Deep Seaport, one of the largest specialized ports in Vietnam… These developments have provided employment opportunities for tens of thousands of local and neighboring residents.

Additionally, vital transport arteries such as National Highway 1A, National Highway 12C, the North-South railway, and regional connecting routes facilitate cargo transportation, attract investment, and foster urban development in this area.

As the comprehensive economic center of southern Ha Tinh, this locality is recognized for its potential in industrial and urbanization development. According to Ha Tinh Newspaper, the average annual value of the commercial and service sectors in Ky Anh reaches VND 6,875 billion, attaining an average growth rate of 8.21%.

The Management Board of the Ha Tinh Economic Zone’s approval of the investment policy for the urban area project in Ky Trinh Ward not only addresses the pressing housing and service needs of the local population but also demonstrates a strategic vision for urban development linked to industry. The New Urban Area Project in Ky Trinh Ward is anticipated to propel the socio-economic advancement and urban infrastructure development of Ky Anh town.