Tuesday, September 22 2020

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Thừa Thiên–Huế’s economic zone looks for post-pandemic investments

Update: July, 20/2020 - 08:04

 

An overview of Chân Mây – Lăng Cô Economic Zone in Thừa Thiên-Huế Province. — Photo baothuathienhue.vn

THỪA THIÊN – HUẾ — The Chân Mây – Lăng Cô Economic Zone in the central province of Thừa Thiên –Huế, which boasts comprehensive infrastructure and an open investment environment, is looking for new funding post-COVID-19.

The zone is home to 47 projects with a total registered capital exceeding VNĐ79.3 trillion (US$3.4 billion).

According to vice director of the management board of the province's economic and industrial zones Nguyễn Công Bình, the province will hold a conference to promote investment in the zone in July, focusing on the fields of tourism, urban development, logistics and  hi-tech industry.

The locality hopes to lure strategic investors and environmentally friendly projects using modern technology, he said.

Established in 2006, the Chân Mây – Lăng Cô Economic Zone has a favourable geographical position, located about 6-7km from National Highway 1A and the North-South railway. At the same time, it is located between Phú Bài airport and Đà Nẵng airport.

The zone has attracted a large number of investment projects, especially in tourism.

In order to lure more, 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 by 2021.

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

Chairman of the provincial People’s Committee Phan Ngọc Thơ said in the remaining months of 2020, the locality will focus on addressing difficulties caused by the COVID-19 pandemic and promote production and business activities.

Attention will be paid to promoting administrative reform and accelerating construction of key projects, striving to start six projects this year worth more than VNĐ100 billion each.

According to the management board, in the first six months of the year, it granted decisions on investment plans and licences to four industrial production projects with a total registered capital of about VNĐ3 trillion.

Thừa Thiên–Huế’s economic and industrial zones are now home to 150 valid projects worth more than VNĐ103 trillion. — VNS

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