Thua Thien – Hue calls for Singaporean investment in tourism, seaport
The central province of Thua Thien – Hue has held a conference in Singapore to call for Singaporean investment in the province’s key sectors of tourism and sea port.
A corner of Lang Co Bay (Source: VNA)Singapore (VNA) – The central province of Thua Thien – Hue has held a conference in Singapore to call for Singaporean investment in the province’s key sectors of tourism and sea port.
Addressing the event on January 12, Chairman of the provincial People’s Committee Nguyen Van Cao said Thua Thien-Hue selected Singapore as the first market to promote the local potentials because many Singaporean investors have had effective projects in the province, citing as an example the Banyan Tree Group with the Laguna Lang Co resort.
He told the participants that the locality wants to attract investment in manufacturing factories and services in the Chan May – Lang Co Economic Zone, duty-free zone and Chan May seaport.
Regarding tourism, besides the Hue ancient relic site, the province is looking for investment to develop the Lang Co – Chan May Bay, which was voted as one of the world's 10 most beautiful bays by the Worldbays Club.
The Canh Duong-Lang Co Tourism Site has been approved by the Prime Minister as one of the four national tourism areas in the Master Plan for tourism development in the north central region by 2020, and a vision through 2030.
Director General of Banyan Tree Lang Co Gavin Herholdt said the province has huge tourism potential, plus its connection with other destinations in the central heritage route.
He noted that the Chan May seaport can handle the world’s biggest cruise ships, adding that his group plans to develop more high-end resorts in the province, raising its total investment to two billion USD from the current 300 million USD.
Meanwhile, Giles T. Cooper from the Duane Morris Vietnam LLC Company underlined the favourable investment climate of Vietnam, including Thua Thien – Hue, in comparison with other regional nations.
Thian Tai Chew from the Singapore Business Federation (SBF) spoke highly of the conference, which attracted the participation of 150 local businesses.
SBF will arrange for a business delegation to make a field trip to Thua Thien – Hue in February, he said.-VNA
You should also see
PM attends ceremony to start work on Him Lam resistance centre renovation project
Prime Minister Pham Minh Chinh on April 17 attended a ceremony to start work on a project to renovate Him Lam resistance centre, a part of the Dien Bien Phu complex of fortifications in the northern mountainous province of Dien Bien.
See more
Business
Beautycare Expo 2024 opens in Hanoi
The Beautycare Expo 2024 kicked off Hanoi on April 18, featuring over 250 booths from more than 15 countries and territories.
Business
Standard Chartered, US promote clean energy investments in Vietnam
Standard Chartered and the US Agency for International Development (USAID) have signed a Memorandum of Understanding (MoU) on green financing in Vietnam and to promote the deployment of advanced clean energy in Vietnam.
Business
Vietnam Airlines, Sun Group promote Vietnam’s tourism in RoK
National flag carrier Vietnam Airlines and Sun Group on April 17 held a tourism promotion event themed “The Magnificent Vietnam” in Seoul, aiming to promote Vietnam’s tourism potential, flights, and trade opportunities for Vietnam and the Republic of Korea (RoK).
Business
Overseas remittances to HCM City record highest increase in three years
Overseas remittances to Ho Chi Minh City exceeded 2.86 billion USD in the first quarter of 2024, an annual increase of 35.4% and the highest recorded in three consecutive years.
Business
Thu Duc city seeks investment in 11 PPP projects
Authorities of Thu Duc city, Ho Chi Minh City, held a conference on April 17 to draw investment in 11 public-private partnership (PPP) projects in the fields of education, culture and sports, with a total capital of over 2 trillion VND (83.3 million USD).
