The Amata Group of Thailand views Da Nang as a long-term investment opportunity in Vietnam, said its President Vikrom Kromadit.

Talking with Vietnam Investment Review newspaper, Amata Group President Vikrom Kromadit said in his eyes Da Nang boasts many advantages as the most attractive tourist destination in Vietnam because of its beautiful coastal location and good airport infrastructure. In addition, the city’s developmental master plan focuses on tourism services until 2050, he said, adding that more tourists will travel by large cruise liners in the future.

The Amata Group has invested in the infrastructure of Vietnam ’s industrial zones (IZ) for 17 years and has a commitment to developing modern and environmentally friendly IZ, the company president said. Amata Vietnam Joint Stock Company, a member of the Amata Group, is now developing a 20ha trade zone at the Amata industrial zone in Bien Hoa city of southeastern Dong Nai province, with an investment capital of 2 billion USD.

Regarding the competitiveness among Vietnam ’s IZ, he said Vietnam has too many IZ and many have merged or become bankrupt.

The Amata Group suffered some impact from the Vietnamese Government’s recent adjustment in granting licences to industrial and export processing zones, he said, adding that the move is necessary to raise the quality of competitiveness among the zones.

To attract more investors in IZ infrastructure, he suggested Vietnam reduce inflation and interest rates and raise infrastructure quality particularly transport.-VNA