A view of Chan May Port in central province of Thua Thien-Hue (Source: VNA) Hanoi (VNA) — The central province of Thua Thien-Hue has attracted 11 moreprojects with total registered capital of over 2.18 trillion VND (96 million USD)during the first ten months of this year.
So far, industrial parks(IPs) and economic zones (EZs) in the province have attracted a total of 147projects with total registered capital of 65.75 trillion VND. This includes 34foreign-invested projects with total registered capital of 1.37 billion USD.
Notable licensedprojects include the Suoi Voi ecological tourist project, invested in by HoaLu-Hue Investment, Trading and Service Co Ltd, with registered capital of 218.2billion VND, spanning an area of 51.1ha. The other is a granite tile factory,owned by Vitto Phu Loc Company, with a capacity of 7.2 million sq.m of tile peryear and registered capital of 610.9 billion VND, spanning an areaof 10ha.
Of the total registeredcapital poured into the province in the first ten months of this year, capitalworth 2 trillion VND was disbursed. This figure for the whole year is estimatedto reach 2.6 trillion VND, equivalent to 74.3 percent of the yearly plan.
In the last two monthsof this year, the Management Boards of Thua Thien-Hue IPs and EZs will givelicences to four more projects with total registered capital of 6.5 trillion VND.
They comprise the DangKim Long Thua Thien - Hue tourism service complex invested by Dang Kim Long CoLtd, with registered capital of 3.7 trillion VND; the expansion project of theMediterranean Legend Resort owned by Vicoland Development & ConstructionGroup JSC, with registered capital of 1.8 trillion VND; the urban area andtourism project backed by Vinaconex’s Infrastructure Development and InvestmentConstruction JSC, with registered capital of 908 billion VND; and a projectproducing textile raw materials financed by Song Thien Long Co Ltd, withregistered capital of 37 billion VND.
Chan May – Lang Co economic zone
The Chan May – Lang Co Economic Zone in ThuaThien - Hue province has so far attracted 43 projects with total investment ofnearly 40 trillion VND.
Among them is the secondphase of the Laguna eco-tourism site, worth some 1.1 billion USD, developed bySingapore’s Banyan Tree Group and a consortium of others run by the SaigonInvestment Group and the Vietnam National Oil and Gas Group.
Another is Chan MayPort’s Wharf No 2 project backed by Chan May Port Joint Stock Company withregistered capital of 849 billion VND, spanning an area of 14ha.Construction of the wharf will begin in February 2018.
In September 2018, ChanMay Port’s Wharf No 3 will be set up by the Hao Hung Hue One Member LimitedLiability Company. It is expected that by 2020, Chan May Port will have a totalof three wharfs, enabling it to serve large cruises and accommodate vessels ofup to 50,000 DWT (deadweight tonnage).
Chan May Port Joint islocated between the two largest cities in the central region – Hue and Da Nang.The port also lies on the main sea route linking Singapore, the Philippines,Hong Kong (China) and Vietnam. It is among 46 seaports in Southeast Asiaselected by the Asia Cruise Association as a stopover for cruise ships.
The port can nowaccommodate vessel of up to 30,000 DWT and cruise ships carrying 3,000-4,000passengers each.
In 2018, the ManagementBoard of Chan May - Lang Co Economic Zone will strive to lure investment into18 new projects in the fields of industry, tourism, infrastructure ofindustrial parks, non-tariff areas and urban areas, with total estimatedcapital of 5 trillion VND.
Thua Thien-Hue provincewill manage to increase the occupancy rate of Chan May - Lang Co EZ to 32 percentin 2018.
In order to supportbusinesses in attracting investment, the Management Board of Chan May - Lang CoEZ has focused on creating favourable conditions and removing difficulties andobstacles for investors in order to make sure that the projects are implementedon schedule. For large projects, the board has set up working groups, inco-operation with the investor, local People’s Committee and relateddepartments and agencies to quickly resolve issues arising in site clearance.
In 2017, together withthe promotion of investment attraction, the Management Boards of Thua Thien-HueEZs and IPs have repeatedly reviewed delayed projects to timely and resolutelyhandle cases of projects that show signs of inability to be implemented, andwithdrawing investment licences if needed to re-allocate them to otherpotential investors. -VNA
