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VietNamNews

Central province seeks major investment

Update: December, 27/2012 - 11:11

THUA THIEN - HUE- (VNS) The central province of Thua Thien–Hue is seeking investment in more than 60 major projects, according to its Department of Planning and Investment.

They are in sectors like tourism, services, and construction, and mostly in the Chan May–Lang Co Economic Zone, Hue city, and some industrial parks, Le Dinh Khanh, deputy director of the department, said.

The province would create favourable conditions and offer incentives to investors in key projects, and has been promoting investment and streamlining procedures, he said.

In fact it has already issued an official document providing investors with specific guidance, thanks to which investment procedures have become significantly simpler, he explained.

In 2009 the People's Committee listed the sectors and the locations, economic zones, and industrial parks in which investors would get incentives, he said.

It also improved infrastructure to meet the needs of investors, he said.

Thua Thien–Hue Province has so far attracted investments of more than US$1.9 billion in 64 FDI projects.

Thua Thien–Hue, which has an area of more than 5,000 square kilometres, is located in the central key economic zone, and has a coastline of 128 km.

It is home to the 22,000ha Tam Giang – Cau Hai Lagoon, the largest in Southeast Asia.

It has fairly good transport infrastructure with the railway and the arterial north-south highway passing through it.

Phu Bai International Airport provides air connectivity. It has the Thuan An Port and Chan May deep-sea port.

It has enormous tourism potential, with its beautiful landscapes and historical relics. Its Lang Co Bay is internationally recognised as one of the 30 most beautiful in the world.

Hue, the former capital, and Nha nhac cung dinh Hue (Court music of Hue) have been recognised by UNESCO as cultural heritages.

Dubbed as Viet Nam's festival city, it remains a popular destination for both local and international visitors.

The province is one of the three largest centres for training human resources in the country with eight universities and colleges and a number of research institutions.

Khanh said all these factors play an important role in attracting investment. — VNS

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