The Chan May – Lang Co economic zone (EZ) in the central province of Thua Thien – Hue has so far attracted 32 projects, including 11 foreign owned, worth over 1.3 billion USD.
Among them is the 1-billion USD Laguna eco-tourism site, developed by Singapore’s Banyan Tree Group and a consortium of others run by the Saigon Investment Group and the Vietnam National Oil and Gas Group.
Once operational later this month, the site, which includes two five-star hotels, a resort and an 18-hole golf course, is expected to generate jobs for 600 local people.
The Chan May – Lang Co EZ also boasts the Chan May deep-water port, which houses a 130m quay able to moor vessels over 50,000 tonnes.
To lure investors in, provincial authorities injected over 1.7 trillion VND (82 million USD) in technical and social infrastructure projects. These include over 80 kilometres of roads within the EZ and linking the port to National Highway 1A, three 75-MVA electric transformer stations, a water plant with a daily capacity of 6,000 m3 and a 20-km pipeline to ensure the projects have access to sufficient water and electricity supplies.
Additionally, a 5,000-m3 sewage plant and a 30-hectare solid waste landfill site also went into operation.
The 200-bed Chan May General Hospital, which cost 170 billion VND (8.2 million USD) to build, will also provide medical treatment to workers and the local community.
Incentives are still being offered to attract further investment to the EZ, including an exemption of corporate income tax for four years and a 50-percent reduction in taxes for businesses and high earners working in Lang Co over the next nine years.-VNA
Among them is the 1-billion USD Laguna eco-tourism site, developed by Singapore’s Banyan Tree Group and a consortium of others run by the Saigon Investment Group and the Vietnam National Oil and Gas Group.
Once operational later this month, the site, which includes two five-star hotels, a resort and an 18-hole golf course, is expected to generate jobs for 600 local people.
The Chan May – Lang Co EZ also boasts the Chan May deep-water port, which houses a 130m quay able to moor vessels over 50,000 tonnes.
To lure investors in, provincial authorities injected over 1.7 trillion VND (82 million USD) in technical and social infrastructure projects. These include over 80 kilometres of roads within the EZ and linking the port to National Highway 1A, three 75-MVA electric transformer stations, a water plant with a daily capacity of 6,000 m3 and a 20-km pipeline to ensure the projects have access to sufficient water and electricity supplies.
Additionally, a 5,000-m3 sewage plant and a 30-hectare solid waste landfill site also went into operation.
The 200-bed Chan May General Hospital, which cost 170 billion VND (8.2 million USD) to build, will also provide medical treatment to workers and the local community.
Incentives are still being offered to attract further investment to the EZ, including an exemption of corporate income tax for four years and a 50-percent reduction in taxes for businesses and high earners working in Lang Co over the next nine years.-VNA
