Wednesday, September 23 2020


Chân Mây-Lăng Cô EZ lures $3.26b in investment

Update: March, 05/2019 - 14:49
The Queen Mary 2 docked at Chân Mây Port in the Chân Mây Lăng Cô IZ in February. - Photo
Viet Nam News

HÀ NỘI — The Chân Mây-Lăng Cô Economic Zone (EZ) in the central province of Thừa Thiên-Huế has attracted nearly 50 projects with total registered investment capital of more than VNĐ76 trillion (US$3.26 billion).

In the first two months of this year alone the IZ welcomed four investment projects worth over VNĐ15 trillion, local authorities said.

One of the largest projects in the zone is an auto manufacturing – assembly complex developed by Kim Long Nam JSC. The 160ha complex, expected to cost VNĐ3.33 trillion in the first phase, will have a designed production capacity of 16,000 buses annually.

Others include the 126ha Lăng Cô-Đầm Lập An and Bãi Cả tourism projects, worth a combined of VNĐ10.5 trillion, and the Lăng Cô market project, capitalised at VNĐ85 billion.

In order to lure more investment to the zone, Thừa Thiên-Huế will continue to improve infrastructure with a focus on Chân Mây Port so it can handle six million tonnes of goods per year.

The province is working to develop six docks with a total length of 1,680 metres from now until 2020, online newspaper Vietnamplus cited chairman of the provincial People’s Committee Phan Ngọc Thọ as saying.

With its strategic position as a significant gateway to the East-West Economic Corridor together with rational development strategies and streamlined mechanisms, Chân Mây-Lăng Cô would develop into a proactive and modern EZ in the central region, according to the EZ Management Board.

The zone spans more than 27,100ha in Phú Lộc District. — VNS

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