In Phu Bai industrial zone, Thua Thien-Hue (Source: VNA)
 
Thua Thien – Hue (VNA) – The central province of Thua Thien-Hue announced it has licensed eight investment projects, including four foreign ones worth over 60 million USD and four domestic ones valued at over 5.7 trillion VND (247.8 million USD), in January.

Notably, the Kim Long Motors Hue manufacturing and assembly complex in Chan May – Lang Co economic zone registered to increase its capital from 21 million EUR (24 million USD) to 30 million EUR.

In 2019, the province will continue attracting investment to key projects such as the second stage of Laguna Lang Co resort, Minh Vien - Lang Co international tourist area, wharves No.2 and No.3 of Chan May port, and Saigon – Chan May industrial infrastructure and non-tariff area.

The Chan May – Lang Co economic zone has so far lured over 76 trillion VND in about 50 projects.

The Minh Vien – Lang Co international tourist area invested by Minh Vien International Joint Stock Company will cover a site of 102ha, including a world-class hotel, a resort, a convention centre and facilities. It is expected to be put into operation in the first quarter of 2024. Its first stage will be completed in the late 2019 with a total investment of over 1 trillion VND.

The Chan May – Lang Co economic zone handles over 2 million tonnes of cargo and welcomes 60 cruise liners with nearly 200,000 tourists aboard each year, including luxury vessel Queen Elizabeth of the UK carrying 2,000 tourists.

Together with Chu Lai, Dung Quat and Nhon Hoi economic zones, the Chan May – Lang Co is expected to become a growth nucleus of the region, becoming a bridge linking with the northeast of Thailand, the south-central of Laos and northeast of Cambodia.

Le Van Tue, deputy head of the provincial economic and industrial zone management board, said in the first quarter of this year, the board will grant licenses to Lang Co – Lap An Lagoon project worth 8 trillion VND, Bai Ca tourist area with 2.5 trillion VND, and Lang Co market with 85 billion VND.-VNA