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Thua Thien – Hue’s economic zone looks for post-pandemic investments

The Chan May – Lang Co Economic Zone in the central province of Thua Thien – Hue, which boasts comprehensive infrastructure and an open investment environment, is hoped to attract new investment flows following the COVID-19 pandemic.
Thua Thien – Hue’s economic zone looks for post-pandemic investments ảnh 1Lang Co bay in Thua Thien - Hue province (Photo: VNA)

Thua Thien – Hue (VNA) – The Chan May – Lang Co Economic Zone in the central province of ThuaThien – Hue, which boasts comprehensive infrastructure and an open investmentenvironment, is hoped to attract new investment flows following the COVID-19pandemic.

The zone is home to 47 projects with a total registered capital exceeding over79.3 trillion VND (over 3.4 billion USD).

According to vice director of the management board of the province's economic and industrial zones Nguyen Cong Binh, the province will hold a conference to promote investment in the zone in July, focusingon the fields of tourism, urban development, logistics and  hi-tech industry.

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

Established in 2006, the ChanMay - Lang Co Economic Zone has a favourable geographical position, locatedabout 6-7 km from National Highway 1A and the North-South railway. At thesame time, it is located between Phu Bai airport and Da Nang airport.

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

In order to lure more investment to thezone, Thua – Thien Hue will continue to improve infrastructure with a focus onChan May Port so it can handle 6 million tonnes of goods per year by 2021.

With itsstrategic position as a significant gateway to the East-West Economic Corridortogether with rational development strategies and streamlined mechanisms, the ChanMay-Lang Co Economic Zone is hoped to develop into a proactive and modern EZ inthe central region.

Chairman ofthe provincial People’s Committee Phan Ngoc Tho said in the remaining months of2020, the locality will focus on addressing difficulties caused by the COVID-19pandemic and promote production and business activities.

Attention will be paid to promoting administrative reform and acceleratingconstruction of key projects, striving to kick off six projectsworth over 100  billion VND each in the year.

According to themanagement board, in the first six months of the year, itgranted decisions on investment plans and licences tofour industrial production projects with a total registered capital of aboutover 3 trillion VND.

Thua Thien – Hue’s economicand industrial zones are now home to 150 valid projects worth over 103trillion VND./.
VNA
#Chan May – Lang Co Economic Zone #Thua Thien – Hue #comprehensive infrastructure #investment environment #investment flows #COVID-19 pandemic #strategic investor #Vietnamplus #Vietnam news #Vietnam News Agency Thua Thien-Hue

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